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.

Government & Public Policy
Revival of iconic Paterson stadium on the horizon, with hometown developer at the helm

A plan to restore and reopen Paterson’s historic Hinchliffe Stadium is now within reach, as the project moves ahead under a team led by a hometown developer, in an effort that will also honor the site’s history as a Negro League baseball stadium. The mixed-use project could even become a focal point for redevelopment in Paterson, which has lagged behind other large New Jersey cities that have seen high-profile, public-private revitalization efforts.

Industrial
Global logistics, fulfillment firm takes 347,000 sq. ft. in Edison, CBRE says

An international logistics company has leased nearly 350,000 square feet at a newly built industrial building in Edison, according to a brokerage team with CBRE.

Retail
Advance touts seven new retail openings at redeveloped Roxbury retail center

Advance Realty Investors has welcomed seven new retailers at a 450,000-square-foot, open-air center at the site of a former mall along Route 10 in Roxbury.

Office
Chilmark: Media company takes 6,200 sq. ft. in Secaucus, in move from Midtown

A tenant is relocating from Manhattan to more than 6,000 square feet of office space in Secaucus, under a newly announced transaction by Chilmark Real Estate Services.

People
Hampshire announces new hires for finance, accounting teams

The Hampshire Cos. has made several new hires this year as part of a plan to bolster its internal financial and accounting capabilities.

Residential & Mixed Use
Developers near completion of 242-unit rental project along Harrison waterfront

Three development firms with deep ties to Harrison are set to unveil their latest project in the town, as they prepare to deliver 242 luxury apartments along the Passaic River.

Residential & Mixed Use
Marcus: Investor acquires Ewing development site slated for 59 apartments

A private investor has purchased a multifamily development site in Mercer County, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Gebroe-Hammer touts Q1 apartment sales totaling $490 million, spanning 4,000 units

Gebroe-Hammer Associates is off to a strong start in 2021, touting the sale of more than 4,000 apartments in the first quarter with a combined value of nearly $500 million.

Retail
LMC inks four renewals with Dollar Tree at New Jersey, Pennsylvania centers

Levin Management Corp. has completed four lease renewals with Dollar Tree, accounting for more than 40,000 square feet of activity in New Jersey and Pennsylvania.

Office
Sanzari taps JLL as leasing agent at Elmwood Park office building

Alfred Sanzari Enterprises has named JLL as its leasing agent at a four-story, 68,000-square-foot office building in Elmwood Park.