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
CBRE: Child care center signs 13,000 sq. ft. sublease in Hoboken, eyes opening

An early childhood education center is preparing to open its second location in Hoboken, having signed a 13,000-square-foot sublease in the city’s northern end.

Industrial
Sheldon Gross named property manager at Cedar Knolls flex building

The owner of an industrial flex building in Hanover Township has tapped Sheldon Gross Realty as its manager at the property, the real estate services firm announced Tuesday.

Residential & Mixed Use
New 60-unit apartment complex, part of Sparta town center project, sells for $15 million

A newly built, 60-unit apartment complex in Sussex County has changed hands for nearly $15 million, in a transaction arranged by Gebroe-Hammer Associates.

Industrial
Investment group unveils 755-unit self-storage facility in Montville

A joint venture has taken the wraps off a 98,000-square-foot self-storage facility in Montville, marking the final piece of a five-acre development site in the township.

Professional Services
Avison Young names new vice president for industrial brokerage

Avison Young has bolstered its team of New Jersey industrial brokers with the addition of a new vice president.

Retail
Crafts, fabrics chain renews for 30,000 sq. ft. in Paramus

A national crafts and fabrics chain has renewed its 30,000-square-foot lease in Paramus, in a newly announced transaction by The Goldstein Group.

Industrial
BRC inks $1.3 million sale of Roselle industrial building

A nearly 12,000-square-foot industrial building in Union County has changed hands, following a sale arranged by brokers with Bussel Realty Corp.

Residential & Mixed Use
Developers near lease-up of 424-unit Hoboken rental property

A joint venture has all but completed its lease-up of 424 new high-end apartments on Hoboken’s burgeoning west side.

Residential & Mixed Use
Marcus & Millichap brokerage team perseveres in pandemic, riding high after banner year

A brokerage team has started 2021 with strong momentum after not only withstanding the COVID-19 crisis, but having its best year since joining forces under the Marcus & Millichap banner.

Industrial
Burlington County industrial building fetches $23 million, C&W says

The longtime owner of a Burlington County industrial building has sold the property for more than $23 million, under a newly announced transaction by Cushman & Wakefield.