Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Industrial
BRC reps buyer in deal for 44,000 sq. ft. industrial building in Piscataway

A business owner has acquired a nearly 45,000-square-foot industrial property in Piscataway for more than $5.5 million, in a newly announced transaction by Bussel Realty Corp.

Retail
NAI Hanson named retail leasing agent for ex-Record site redevelopment in Hackensack

A joint venture has tapped NAI James E. Hanson as its leasing agent for more than 36,000 square feet of retail space at a new mixed-use development in Hackensack.

Retail
C&W inks sale of Monmouth shopping center

A private investor has purchased a 35,000-square-foot retail property in Monmouth County, in a newly announced transaction by Cushman & Wakefield.

Office
The S.Hekemian Group unveils new office building at ex-Mercedes site in Montvale

The S.Hekemian Group has opened the doors to a new office building in Montvale, part of a mixed-use redevelopment of the former Mercedes-Benz USA campus in the borough.

Residential & Mixed Use
JLL marketing 312-unit luxury apartment complex outside Princeton

A sprawling complex of more than 300 luxury apartments in Lawrenceville is on the market for sale, in an offering by JLL’s New Jersey capital markets team.

Finance & Capital Markets
Investors Bank completes $556 million in Q1 commercial real estate loans

The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank.

Residential & Mixed Use
Gebroe-Hammer touts spring momentum, inking $269 million in recent multifamily sales

Gebroe-Hammer Associates is riding continued investor appetite for New Jersey’s multifamily sector, having completed 21 deals for a combined $269 million in the past two months alone.

Hospitality & Tourism
Bell Works expands dining, entertainment amenities with new rooftop bar

Somerset Development has opened a new rooftop bar at its flagship Bell Works complex in Holmdel, marking the latest amenity at the 2 million-square-foot mixed-use property.

Residential & Mixed Use
ACDEVCO, stakeholders plan May 25 event on jump-starting Atlantic City housing market

Business leaders are hoping to shine a light on Atlantic City’s available housing stock — and the incentives for would-be buyers — in a free event slated to take place this week.

Industrial
WCRE inks sale of 8,700 sq. ft. flex building in Southampton

A real estate firm has acquired nearly 8,700 square feet of commercial space in the Burlington County township of Southampton, according to Wolf Commercial Real Estate.