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
Nonprofit signs long-term lease in Camden County, Vantage Commercial says

A social services agency in southern New Jersey has signed a new long-term lease in Lindenwold, under a transaction announced Friday by Vantage Commercial.

Retail
Net-leased retail property in Paterson trades for $34 million, Newmark says

A family office has sold a net-leased Home Depot property in Paterson for $34 million, under a newly completed transaction by Newmark.

Professional Services
Sheldon Gross Realty names new president, elevating second-generation leader

Sheldon Gross Realty has announced a new president, as the real estate services firm hands the reins to its second generation of leadership.

Retail
Jersey Shore retail property trades for $6.8 million

A private owner has reaped nearly $7 million from the sale of a Jersey Shore retail property, according to brokers with Marcus & Millichap.

Professional Services
Colliers taps veteran broker as senior managing director in New Jersey

Colliers International has bolstered its New Jersey brokerage team with the addition of a new senior managing director.

Industrial
Resource Realty: Developer set to begin 500,000 sq. ft. spec industrial project in N.Y.

A developer is preparing to break ground on a new 500,000-square-foot industrial project in New York’s Orange County, about 25 minutes north of the New Jersey border.

Office
Newmark touts launch of prebuilt office program at Hazlet campus

A landlord has unveiled a revamped, prebuilt office program in Hazlet, seeking to capture the demand for flexible workspaces in the suburbs.

Retail
JLL: Buyer wanted for net-leased Home Depot in Bloomfield

A net leased Home Depot property in Essex County is on the market for sale, in a newly announced offering by JLL’s New Jersey capital markets team.

Industrial
Endurance breaks ground on 289,000 sq. ft. warehouse project in Burlington Twp.

A developer has broken ground on a two-building industrial project that will bring nearly 300,000 square feet of new warehouse space to Burlington Township.

Residential & Mixed Use
Kislak inks $16.4 million sale of age-restricted complex in Hamilton

A large multifamily owner has expanded its portfolio in the state, acquiring 75 units and an adjacent development site at an active adult community in Hamilton.