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.

Office
Parsippany office complex trades for $10.5 million, Kislak says

A private investor has sold a four-building, 126,000-square-foot office complex in Parsippany for $10.5 million, in a deal arranged by The Kislak Co. Inc.

Retail
South Asian grocer expands, takes 11,900 sq. ft. in Rochelle Park

A specialty grocer is nearly doubling its footprint at a Bergen County retail property, under a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use
Joint venture launches leasing at 242-unit luxury rental project in Harrison

A development team has kicked off leasing at a collection of 242 upscale apartments along Harrison’s redeveloped waterfront.

Finance & Capital Markets
Kennedy Funding inks $1.3 million bridge loan for Massachusetts industrial complex

Kennedy Funding, an Englewood Cliffs-based direct private lender, has closed a $1.3 million bridge loan to help facilitate the sale of an industrial property in New England.

Residential & Mixed Use
Buyer sought for 104-unit luxury rental complex in Bergen County, Walker & Dunlop says

The owner of a 104-unit luxury apartment complex in Bergen County is seeking a buyer for the property, according to an investment sales team with Walker & Dunlop.

Industrial
Profeta sells 300,000 sq. ft. Amazon warehouse site in Ohio after redevelopment

Montwards LLC has agreed to sell an industrial property in Columbus, Ohio, that is home to a newly built, 300,000-square-foot Amazon fulfillment center, following the firm’s redevelopment of a property that it first acquired nearly two decades ago.

Retail
Nail salon takes 1,200 sq. ft. in Warren County, Midtown Commercial says

A nail salon has leased 1,200 square feet at a grocery-anchored shopping center in Warren County, in a newly announced deal by Midtown Commercial Realty.

Residential & Mixed Use
Top Bergen County realtor opens Westwood office with Keller Williams

A growing realty team in northern New Jersey has opened the doors to a new Keller Williams office in Westwood.

Retail
Two new tenants joining Gloucester County shopping center, Vantage Commercial says

A tattoo parlor and a sandwich shop are coming to a Gloucester County retail center, following a set of newly completed leases by Vantage Commercial.

Office
Investment firm continues push into New Jersey suburbs, eyes return to high-end office buildings

With nearly a dozen acquisitions and more than $750 million in combined investment — all since spring 2018 — The Birch Group is exceedingly bullish on northern New Jersey’s office market and the expected return to work in top-tier locations.