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.

Residential & Mixed Use
Sanzari completes 1031 exchange, purchasing 24-unit rental complex in Essex County

Alfred Sanzari Enterprises has acquired a 24-unit luxury apartment community in Essex County as part of a newly completed 1031 exchange.

Industrial
CenterPoint adds 74,000 sq. ft. Jersey City building

CenterPoint Properties has expanded its New Jersey holdings with the acquisition of a nearly 75,000-square-foot industrial building in Jersey City.

Industrial
Hartz, medical instruments maker ink 72,000 sq. ft. lease in Bloomfield

A medical instruments company has leased more than 70,000 square feet of production space in Bloomfield, under a newly completed transaction by Team Resources Inc.

Industrial
Sheldon Gross touts leasing activity at Hillsborough business parks

The owner of two Hillsborough business parks has inked 10 leases for combined 43,859 square feet, in a series of transactions by Sheldon Gross Realty.

Industrial
Meadowlands industrial building fetches $15 million, JLL says

A private equity investor has acquired a nearly 103,000-square-foot industrial building in the Meadowlands for $15 million, under a newly announced transaction by JLL.

Office
Investment, redevelopment have brought new life to Piscataway office market

Piscataway’s office market has bounced back in recent years, with rents rising and vacancy falling, thanks to new investment and redevelopment that have helped revitalize and right-size the township’s stock of buildings.

Industrial
Colliers: Renewals surge in tight New Jersey industrial market

The state’s industrial market saw a spike in renewal activity this summer, amid the ongoing lack of new supply and the unrelenting demand from tenants.

Residential & Mixed Use
Mixed-use Journal Square building sells for $3.4 million, Grid says

A mixed-use, 20,000-square-foot building in the Journal Square section of Jersey City has changed hands, following a $3.4 million transaction by Grid Real Estate LLC.

Office
WCRE inks 6,400 sq. ft. renewal in Pennsauken

An accounting firm has renewed its lease at a Camden County office building, where it occupies more than 6,400 square feet.

Retail
REDCOM touts start of renovation, addition at Somerset County auto dealership

REDCOM Design & Construction LLC has kicked off a renovation and addition at a Mazda dealership in Somerset County, the Westfield-based firm announced.