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
JLL’s New Jersey team inks 224,000 sq. ft. office campus sale in Stamford

A national real estate investment firm has acquired a 224,000-square-foot office complex in Stamford Connecticut, in a deal arranged by JLL’s New Jersey capital markets team.

Retail
Developers, local officials welcome new Lidl supermarket to Bayonne

A new Lidl supermarket has opened its doors in Bayonne, marking the latest piece of a large mixed-use redevelopment by JMF Properties and RD Management.

Industrial
Outdoor tools business takes 135,000 sq. ft. in South Hackensack, Chaus says

A company that sells lawn, garden and other outdoor tools is once again expanding in Bergen County, leasing more than 135,000 square feet at a South Hackensack industrial building.

Residential & Mixed Use
Developer breaks ground on 51-unit rental project in Orange

A development team has broken ground on a 51-unit apartment building in Orange, seeking to revitalize a long-vacant parcel at the southern edge of the city.

Residential & Mixed Use
Gebroe-Hammer inks sale of 1,030 apartments in September, October

Gebroe-Hammer Associates is touting the recent completion of multifamily asset sales valued at $164 million, with momentum expected to continue in New Jersey through the end of 2020.

Industrial
Edison industrial building trades for $3.4 million, Zimmel says

The longtime owner of a 22,500-square-foot industrial building in Edison has sold the property after 25 years, under a transaction arranged by Zimmel Associates.

Residential & Mixed Use
Construction underway at 185-unit luxury rental project in Little Falls

A developer has kicked off construction at a new 185-unit multifamily complex in Little Falls, seeking to capitalize on a location near mass transit and minutes from area highways.

Office
Mack-Cali sells 155,000 sq. ft. office building in Parsippany

Mack-Cali Realty Corp. has sold another Parsippany office building, this time for nearly $13 million, as it continues its exit from New Jersey’s suburban markets.

Industrial
C&W inks sale of 100,000 sq. ft. Meadowlands industrial building

Sitex Group has sold a roughly 100,000-square-foot industrial building in Carlstadt less than two years after acquiring it, in a newly announced transaction by Cushman & Wakefield.

People
Saxum announces five new hires amid growing development pipeline

Saxum Real Estate has announced five new hires to help support the firm’s ongoing growth in New Jersey and nationally.