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.

Retail
Goldstein Group inks 19,000 sq. ft. strip center sale in Pompton Plains

An area landlord has sold a nearly 19,000-square-foot strip center in Pompton Plains, under a newly announced transaction by The Goldstein Group.

Professional Services
BRC: Newest sales associate to focus on luring businesses from Brooklyn

Bussel Realty Corp. has made another addition to its brokerage team with the hiring of a former real estate executive for a consumer electronics company.

Retail
Marcus completes sale of net-leased retail property in Orlando

An investor has paid more than $4 million to purchase a net-leased Walgreens property in Orlando, in a transaction arranged by Marcus & Millichap’s New Jersey office.

Office
SJP, financial services firm ink 12,800 sq. ft. office lease in Metropark

SJP Properties has completed a new 12,800-square-foot lease at a Woodbridge office building, providing a home for the New Jersey operations of a global banking firm.

Industrial
Newmark Group adds six New Jersey industrial brokers among 11 new hires

Newmark Group Inc. has expanded its New Jersey industrial team with six new brokers, who are among 11 newly added professionals across its offices in North America.

Residential & Mixed Use
Closings, move-ins underway at 79-story condo tower in Jersey City

A new 79-story condominium tower in Jersey City has welcomed its first residents, with closings underway at what is the state’s tallest residential building.

Residential & Mixed Use
Developers, public officials kick off 70-unit veterans’ housing project in Monmouth County

A joint venture has broken ground on a 70-unit multifamily project in Tinton Falls that will be geared toward homeless veterans and others who served in the U.S. armed forces.

Industrial
Urban Edge signs 130,000 sq. ft. industrial lease at converted retail building in Lodi

A developer that is converting a Lodi retail building into industrial space has landed a tenant for the project, inking a 130,000-square-foot lease with a grocery wholesaler.

Finance & Capital Markets
Investors Bank touts $90 million in New Jersey loans among recent CRE activity

Investors Bank has closed nearly a dozen commercial real estate loans valued at $227 million in recent months, including more than $90 million in transactions for its New Jersey clients.

Residential & Mixed Use
BNE, Sterling plan fall opening for new 110-unit rental project in Piscataway

A development team is set to unveil a collection of 110 upscale apartments in Piscataway, touting a suburban setting with quick access to the region’s vast highway network.