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
Snack maker takes 309,000 sq. ft. at Bridge industrial project in Somerset

A well-known candy and fruit snack manufacturer has leased more than 300,000 square feet of industrial space in Somerset County, in a newly announced deal by Sheldon Gross Realty.

Industrial
Black Creek, distributor ink 100,000 sq. ft. lease in Burlington, NAI Mertz says

A wholesale distributor is taking more than 100,000 square feet at a soon-to-be-completed industrial building in Burlington, according to a leasing team with NAI Mertz.

Residential & Mixed Use
Developer unveils first phase in redevelopment of ex-GM site in Ewing

A developer has unveiled the first piece of a project to bring more than 1,000 apartments and commercial space to the former site of a General Motors plant in Mercer County.

Residential & Mixed Use
New boutique rental building in Morristown hits 95 percent leased

A leasing team has all but filled a new 54-unit luxury apartment building in Morristown, citing its downtown location and a host of stylish amenities.

Finance & Capital Markets
Capodagli lands $65 million loan for 325-unit rental project, Greystone says

Capodagli Property Co. has secured a $65 million construction loan for a planned 325-unit multifamily project in Union County, in a newly announced transaction by Greystone.

Residential & Mixed Use
Stakeholders hail start of downtown Newark’s first fully affordable housing development

A development team joined Newark city officials on Wednesday to mark the start of a long-awaited, 66-unit project that will bring affordable housing to the central business district.

Industrial
IT products, services company takes 107,000 sq. ft. in Fairfield, CBRE says

A global IT products and services company has leased more than 100,000 square feet of industrial space in Fairfield, according to a brokerage team with CBRE.

Industrial
Diversified, Hampshire acquire Bergenfield industrial building and apartments

An investment team has acquired a 40,000-square-foot industrial building in Bergenfield, along with an adjacent apartment building that provides a potential redevelopment opportunity.

Health Care & Education
Avison Young: Sewell medical office condo trades for $3.75 million

A local investor has sold a medical office condominium in Gloucester County for nearly $4 million, in a newly announced transaction by Avison Young.

Residential & Mixed Use
Developer hits leasing milestone at Bogota rental project, releases new phase

PCD Development has signed more than 100 leases at a new luxury apartment complex in Bogota, prompting it to open a second phase to prospective renters.