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.

Retail
Builder touts new food, service tenants at mixed-use project in downtown Union Twp.

A host of retail tenants are coming to a new luxury apartment building in downtown Union, helping to fill the latest available ground-floor space at the multiphase development.

Residential & Mixed Use
East Orange multifamily building trades for $4.4 million

A seller has reaped $4.4 million from its sale of a 42-unit multifamily property in East Orange, in a newly announced transaction by Midtown Commercial Realty.

Office
Owner of Mount Laurel office buildings announces rooftop solar projects

A property owner is expanding its renewable energy platform in the region with the addition of rooftop solar panels at two Mount Laurel office buildings.

Retail
Vantage Commercial: State Farm agent taking 1,400 sq. ft. in Camden County

A new State Farm Insurance location is coming to a Camden County shopping center, under a deal arranged by Vantage Commercial.

Industrial
First Industrial plans 208,000 sq. ft. logistics project in Bordentown, NAI Mertz says

A developer has purchased a 20-acre parcel in Bordentown, where it plans to build more than 200,000 square feet of new logistics space near the junction of two major highways.

Finance & Capital Markets
Progress: Buyer inks $44 million loan for 175-unit multifamily deal in Bergen, Essex

A multifamily buyer has landed more than $44 million in financing for its purchase of a combined 175 units in Bergen and Essex counties, according to Progress Capital.

Office
Signature Acquisitions details lease with Party City at 209,000 sq. ft. Woodcliff Lake building

The owner of a Woodcliff Lake office building has detailed its new lease with Party City’s parent company, which will bring its headquarters to the property in 2022.

Retail
Hampshire-backed REIT adds grocery-anchored retail centers in Philadelphia, Richmond

A real estate investment trust with ties to The Hampshire Cos. has purchased retail centers in Pennsylvania and Virginia, marking its first deals after an initial public offering.

Industrial
Junk hauler buys Howell industrial site for $1.2 million, Sheldon Gross says

A junk removal company has paid $1.2 million for a roughly three-acre industrial property in Howell, in a newly announced transaction by Sheldon Gross Realty.

Office
Sanzari inks new lease, renewal at Hackensack office complex

Alfred Sanzari Enterprises has signed a lease with Star Hill Financial for 1,771 square feet and a lease renewal with Business Solution Providers for 1,050 square feet, both at Court Plaza in downtown Hackensack.