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
Cannabis grower takes 95,000 sq. ft. at Mount Holly industrial building, Zimmel says

A cannabis cultivator has leased a 95,000-square-foot industrial building in Mount Holly, in a newly announced transaction by Zimmel Associates.

Residential & Mixed Use
Marcus: Investor buys six-unit Hudson County apartment building for $1.2 million

An investor has sold a six-unit apartment building in West New York for nearly $1.2 million, brokerage firm Marcus & Millichap announced Monday.

Residential & Mixed Use
Adoni sells new 39-unit Woodbridge apartment building for $14 million

Adoni Property Group has sold a new 39-unit luxury apartment building in Woodbridge for $14.3 million, in a deal arranged by Cushman & Wakefield.

Residential & Mixed Use
JLL: Buyer wanted for 54-unit Bridgewater apartment complex with upside

The owner of a 54-unit apartment complex in Bridgewater is seeking a buyer for the property, brokers with JLL said, touting it as a value-add opportunity in an affluent region.

Health Care
Longtime health care broker Marks launches advisory firm focused on medical space

Veteran broker Jonathan Marks has launched a new advisory firm focused on health care real estate, seeking to build on years of experience in the growing asset class.

Professional Services
Cresa’s Juliano named managing principal in Northeast, in expanded role with tenant brokerage

Cresa has tapped Tony Juliano as its managing principal for the Northeast region, bolstering the team overseeing its New Jersey and New York City offices.

Community
Greek continues focus on sustainability with fourth annual Earth Day cleanup

Greek Real Estate Partners is marking another Earth Day after having completed its annual cleanup event in the industrial park around its East Brunswick headquarters.

Food & Beverage
Li’s Hot Pot & BBQ takes 7,000 sq. ft. at ex-diner location in Little Falls, Goldstein Group says

A new hot pot restaurant has opened in Little Falls, where it leases 7,000 square feet under a recent deal arranged by The Goldstein Group.

Residential & Mixed Use
JLL: Cammeby’s buys 406-unit rental property at Wesmont Station for $162 million

Cammeby’s International has expanded its footprint in Wood-Ridge, acquiring a 406-unit apartment building in the Wesmont Station district for nearly $162 million.

Finance & Capital Markets
Hampshire team lands $68 million loan for new 270-unit Hackensack rental property

The developers of a new 270-unit luxury apartment building in Hackensack has secured $68 million in financing, in a newly announced deal by G.S. Wilcox & Co.