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: Developer sells boutique Maplewood apartment building for $7.6 million

The developer of a newly built, 20-unit apartment building in Maplewood has sold the property for $7.6 million, under a deal arranged by The Kislak Co. Inc.

Retail
Experiential dining chain with bocce, bowling coming to Garden State Plaza in Paramus

A fast-growing concept that combines Italian and American cuisine with bowling, bocce and banquet space is coming to Paramus’ iconic Westfield Garden State Plaza.

Industrial
Chilmark inks sale of 65,000 sq. ft. Boonton warehouse

A warehouse property in Morris County has changed hands for more than $8 million, in a newly announced transaction by Chilmark Real Estate Services.

Retail
Steak burger, custard chain eyes New Jersey debut with soon-to-open store in Linden

A fast casual restaurant chain has picked Linden for its first New Jersey location, with plans to open a 3,200-square-foot store along the city’s main highway retail corridor.

Residential & Mixed Use
Petrucci touts start of 172-unit rental project in East Orange amid continued pipeline growth

J.G. Petrucci Co. Inc. has kicked off a project that will bring 172 apartments to East Orange, seeking to tap into a location just north of Interstate 280 and a commuter train station.

Finance & Capital Markets
Madison closes loans for Short Hills, North Bergen properties

A private equity firm has expanded its reach in the New Jersey commercial real estate sector, announcing a $35 million loan for a two-building office portfolio in Essex County.

Office
Sports betting exchange platform takes 8,800 sq. ft. in Camden, WCRE says

A sports betting and trading firm has leased nearly 8,800 square feet of office space in Camden, under a newly announced transaction by Wolf Commercial Real Estate.

Retail
LMC: Wingstop franchisee takes 1,400 sq. ft. for latest New Jersey location

A chicken wing franchise is set to join the roster at a Union City retail center, following a newly completed lease announced by Levin Management Corp.

Residential & Mixed Use
NJPAC details plans for $150 million expansion, transformation of Newark campus (SLIDESHOW)

A long-awaited plan to expand the New Jersey Performing Arts Center campus in Newark — with new residential, commercial and cultural space — is slated to break ground next year.

Office
Newmark: Craft, activity kit provider renews 46,000 sq. ft. lease at Warren campus

A purveyor of children’s crafts and activity kits has renewed its full-building lease at a nearly 46,000-square-foot building in Warren, according to a brokerage team with Newmark.