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.

Health Care & Education
Prism sells 157,000 sq. ft. lab, R&D building at ON3 campus in Nutley

Prism Capital Partners has sold a 157,000-square-foot life sciences building at its ON3 campus, in a sign of investor appetite for modern lab and research and development space.

Industrial
Dallas firm enters New Jersey, plans 120,000 sq. ft. industrial project in Secaucus

An industrial developer is making its entrance to New Jersey, having acquired a parcel in Secaucus where it plans to develop a 120,000-square-foot logistics building.

Residential & Mixed Use
Kislak: Developer buys Long Branch assemblage, plans oceanfront rental project

A developer is planning to build 109 luxury apartments in Long Branch after acquiring nearly two acres of oceanfront property in the city, according to The Kislak Co. Inc.

Finance & Capital Markets
JLL inks $9 million loan for owners of 78,000 sq. ft. industrial building

An investment group has landed a $9 million loan for a recently acquired industrial building in Berkeley Heights, in a newly completed transaction by JLL.

Finance & Capital Markets
Cole Schotz advises on $90 million loan for Harrison development

An investment firm has closed nearly $90 million in financing for the development of a large mixed-use project in Harrison, according to a legal team with Cole Schotz PC.

Top News
Sanzari family foundation donates $20,000 for student iPads in Hackensack

The Alfred N. Sanzari Family Foundation has donated $20,000 to the Hackensack Public School District, supporting its effort to equip students who are learning remotely.

Residential & Mixed Use
PRC Group, local officials working to advance long-awaited redevelopment in Hightstown

PRC Group is moving ahead with a plan to transform a historic former rug mill complex in Hightstown, where it hopes to build 386 luxury apartments and townhomes through both ground-up construction and the adaptive reuse of two large industrial buildings.

Health Care & Education
Atkins, Capital Solutions sell new-look medical office building in Bridgewater

A joint venture has sold a repositioned, 95,000-square-foot medical office building in Bridgewater after securing a lease with one of the state’s largest health care networks.

Industrial
Elberon adds 20,000 sq. ft. warehouse in Newark, Garibaldi says

Elberon Development Group has acquired a 20,000-square-foot industrial building in Newark, in a transaction arranged by The Garibaldi Group.

Residential & Mixed Use
Mercer Oak inks 12,000 sq. ft. lease in Monroe for regional eye practice

An ophthalmology and optometry practice is relocating its Monroe Township office, under a newly announced transaction by Mercer Oak Realty.