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.

Residential & Mixed Use
Kislak: Linden apartments trade for $21 million, marking first sale in 75 years

The developer of a 120-unit apartment complex in Linden has sold the property after nearly 75 years, in a newly announced transaction by The Kislak Co. Inc.

Industrial
Colliers inks sale of 23,000 sq. ft. warehouse in Burlington County

A joint venture has purchased a nearly 23,000-square-foot warehouse in Moorestown, under a transaction arranged by Colliers International.

Office
Fiserv to open 400,000 sq. ft. fintech hub in Berkeley Heights, with $109 million incentive

Fiserv Inc. has announced plans to lease more than 400,000 square feet for a new financial technology hub in Berkeley Heights, following the state’s approval of a seven-year, $109 million tax credit to encourage it to bring nearly 2,000 jobs to New Jersey.

Industrial
Port industrial building in Elizabeth trades for $35 million

A fully leased, 240,000-square-foot industrial building near Port Newark-Elizabeth has changed hands for nearly $35 million, brokers with Cushman & Wakefield announced.

Residential & Mixed Use
Developers sell new East Rutherford apartments for $11.6 million, Gebroe-Hammer says

The developers of a new 35-unit luxury apartment building in East Rutherford have sold the property for $11.6 million, in a transaction arranged by Gebroe-Hammer Associates.

Industrial
Peak Construction details 133,000 sq. ft. industrial project in Millstone

A developer is bringing more than 130,000 square feet of new industrial space to a growing corridor along Route 33 in Monmouth County, according to the project’s contractor.

Office
C&W: Software firm inks 15,000 sq. ft. renewal at Jersey City office tower

A software company is staying in place after renewing its lease at a prominent Jersey City office tower, according to brokers with Cushman & Wakefield.

Office
Sanzari, communications firm sign 6,400 sq. ft. renewal in Hasbrouck Heights

Alfred Sanzari Enterprises has signed a nearly 6,500-square-foot office renewal in Hasbrouck Heights with a media and communications firm, the landlord announced Tuesday.

Industrial
Stro taps former CBRE broker as director of leasing

A former broker has joined The Stro Cos. as its new director of leasing, the firm announced.

Residential & Mixed Use
Russo launches leasing at phase two of Union project, offering 427 luxury rentals

Russo Development has launched leasing at a collection of 427 new apartments in Union Township, following the success of an earlier phase at a sprawling project along Morris Avenue.