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
Crafts, fabrics chain renews for 30,000 sq. ft. in Paramus

A national crafts and fabrics chain has renewed its 30,000-square-foot lease in Paramus, in a newly announced transaction by The Goldstein Group.

Industrial
BRC inks $1.3 million sale of Roselle industrial building

A nearly 12,000-square-foot industrial building in Union County has changed hands, following a sale arranged by brokers with Bussel Realty Corp.

Residential & Mixed Use
Developers near lease-up of 424-unit Hoboken rental property

A joint venture has all but completed its lease-up of 424 new high-end apartments on Hoboken’s burgeoning west side.

Residential & Mixed Use
Marcus & Millichap brokerage team perseveres in pandemic, riding high after banner year

A brokerage team has started 2021 with strong momentum after not only withstanding the COVID-19 crisis, but having its best year since joining forces under the Marcus & Millichap banner.

Industrial
Burlington County industrial building fetches $23 million, C&W says

The longtime owner of a Burlington County industrial building has sold the property for more than $23 million, under a newly announced transaction by Cushman & Wakefield.

Professional Services
JZA+D adds two project designers to Princeton-based team

Design firm JZA+D has made two new additions to its team as it looks to expand its portfolio of hospitality, multifamily, retail, workplace and academic projects.

Retail
Pet supplies shop, dim sum eatery coming to Galloway strip center

A pet supplies store and a restaurant will be the newest tenants at an Atlantic County shopping center, leasing a combined 5,482 square feet in deals brokered by Vantage Commercial.

Residential & Mixed Use
Hekemian & Co. marks one year since debut of Hackensack apartments, offers new incentives

Hekemian & Co. is marking a year since the opening of a 254-unit luxury apartment complex in Hackensack, as it touts continued activity from renters interested in the city’s downtown.

Hospitality & Tourism
Blatstein details plan for 100,000 sq. ft. entertainment space at Atlantic City’s Showboat

The owner of Atlantic City’s Showboat property has unveiled plans for an expansion that will create New Jersey’s largest arcade, a sports bar and other offerings at the former casino.

Office
Cresa inks off-market sale of four-building Bloomfield office park

Investment firm P3 Properties has sold a four-building office park in Bloomfield, in a newly announced transaction by Cresa’s New Jersey team.