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.

Industrial
Sitex adds industrial properties in Middlesex, Union counties

Sitex Group has expanded its New Jersey industrial portfolio with two acquisitions about 13 miles apart, including a vacant site and a 23,000-square-foot warehouse.

Government & Public Policy
FMERA: Developer buys Fort Monmouth bowling alley, plans modern entertainment venue

A local developer has acquired a former bowling center at Fort Monmouth and is now preparing to renovate and reopen the facility as a new entertainment venue, state officials said.

Deals
Montessori school takes 12,000 sq. ft. in Warren, Pierson Commercial says

A school operator has leased nearly 12,000 square feet at the former site of a daycare in Warren, under a newly announced transaction by Pierson Commercial.

Professional Services
Engineer, CREW NJ programming director named principal with Dynamic Engineering

A team member of Dynamic Engineering Consultants PC has become a principal of the Lake Como-based firm, according to Commercial Real Estate Women of New Jersey.

Industrial
Crow Holdings details plans for 1.2 million sq. ft. industrial park in Carteret

Crow Holdings Industrial has acquired 126 acres along the New Jersey Turnpike in Carteret, where it plans to develop a three-building, 1.2 million-square-foot industrial park.

Residential & Mixed Use
Investor acquires 200-unit loft portfolio in Trenton for $29 million

An investment and development firm has acquired a three-building, 200-unit collection of loft-style apartments in Trenton for nearly $30 million.

Office
CPN inks sale of 6,400 sq. ft. office, retail building in Pennington

An office and retail building in Mercer County has changed hands for $650,000, in a newly announced transaction by Commercial Property Network Inc.

Retail
Vegan restaurant opens 2,200 sq. ft. Princeton location

A vegan restaurant has opened its doors in downtown Princeton, following a transaction arranged by Mercer Oak Realty.

Industrial
Camber taps NAI Mertz as leasing agent for South Jersey, Pennsylvania portfolio

The new owner of a 24-building, 1.24 million-square-foot industrial portfolio in South Jersey and Bucks County, Pennsylvania, has selected NAI Mertz as its leasing agent.

Residential & Mixed Use
JLL brokers $73 million sale of Connecticut rental property

A joint venture has sold a waterfront apartment building in Stamford, Connecticut, for $73 million, in a new transaction by JLL’s Morristown-based capital markets team.