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.

Office
Sanzari, OceanFirst ink 3,400 sq. ft. office lease in Bergen County

Alfred Sanzari Enterprises has leased more than 3,000 square feet of office space in Hasbrouck Heights to OceanFirst Bank, as the lender continues its growth in northern New Jersey.

Office
Oral surgery group leases 4,400 sq. ft. in East Brunswick, Sheldon Gross says

An oral surgery practice has taken space at a single-story office park in East Brunswick, in a newly announced deal by Sheldon Gross Realty.

Finance & Capital Markets
Progress inks $14.5 million loan for Bronx housing redevelopment

The developer of an 11-story apartment building in the Bronx has landed more than $14 million in financing for the project, according to an advisory team with Progress Capital.

Residential & Mixed Use
Jersey City rental building rides early surge in 2021, nears 80 percent leased mark

A development group has leased more than three-quarters of a new 137-unit luxury apartment building in Jersey City, thanks in part to a post-holiday surge in renter demand.

Industrial
Stro adds 77,000 sq. ft. value-add industrial building in Fairfield

The Stro Cos. has closed on a 77,000-square-foot industrial building in Fairfield, touting the property as a value-add acquisition with a lease that will expire in less than a year.

Policy Page
Regional mindset, new recipe needed to keep our talent and project pipeline flowing

It’s high time that New Jersey’s local officials start doing things differently and placing a higher priority on talent attraction, collaborative regional (not parochial) planning and being on the same page. Economic development experts from outside the state seemed to concur at NAIOP New Jersey’s recent Annual Meeting and Commercial Real Estate Outlook.

Office
Credit union acquires Springfield office building for new headquarters, C&W says

A credit union is moving its headquarters after acquiring a 20,000-square-foot office building in Union County, in a newly announced deal by Cushman & Wakefield.

Professional Services
Avison Young touts new hires for New Jersey project management team

Avison Young has made two new hires for its project management practice in New Jersey.

Residential & Mixed Use
Walters eyes completion of second Marlton rental community

Walters is set to deliver the first piece of a three-building, income-restricted apartment complex in the Marlton section of Evesham, with full delivery slated for early spring.

Retail
Street-style Mexican eatery opens at Advance retail development in Paramus

Advance Realty Investors has welcomed a Mexican fast casual eatery as the latest tenant at a new 108,400-square-foot retail center in Paramus.