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
Developers near completion of 242-unit rental project along Harrison waterfront

Three development firms with deep ties to Harrison are set to unveil their latest project in the town, as they prepare to deliver 242 luxury apartments along the Passaic River.

Residential & Mixed Use
Marcus: Investor acquires Ewing development site slated for 59 apartments

A private investor has purchased a multifamily development site in Mercer County, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Gebroe-Hammer touts Q1 apartment sales totaling $490 million, spanning 4,000 units

Gebroe-Hammer Associates is off to a strong start in 2021, touting the sale of more than 4,000 apartments in the first quarter with a combined value of nearly $500 million.

Retail
LMC inks four renewals with Dollar Tree at New Jersey, Pennsylvania centers

Levin Management Corp. has completed four lease renewals with Dollar Tree, accounting for more than 40,000 square feet of activity in New Jersey and Pennsylvania.

Office
Sanzari taps JLL as leasing agent at Elmwood Park office building

Alfred Sanzari Enterprises has named JLL as its leasing agent at a four-story, 68,000-square-foot office building in Elmwood Park.

Industrial
Sitex adds industrial properties in Middlesex, Union counties

Sitex Group has expanded its New Jersey industrial portfolio with two acquisitions about 13 miles apart, including a vacant site and a 23,000-square-foot warehouse.

Government & Public Policy
FMERA: Developer buys Fort Monmouth bowling alley, plans modern entertainment venue

A local developer has acquired a former bowling center at Fort Monmouth and is now preparing to renovate and reopen the facility as a new entertainment venue, state officials said.

Deals
Montessori school takes 12,000 sq. ft. in Warren, Pierson Commercial says

A school operator has leased nearly 12,000 square feet at the former site of a daycare in Warren, under a newly announced transaction by Pierson Commercial.

Professional Services
Engineer, CREW NJ programming director named principal with Dynamic Engineering

A team member of Dynamic Engineering Consultants PC has become a principal of the Lake Como-based firm, according to Commercial Real Estate Women of New Jersey.

Industrial
Crow Holdings details plans for 1.2 million sq. ft. industrial park in Carteret

Crow Holdings Industrial has acquired 126 acres along the New Jersey Turnpike in Carteret, where it plans to develop a three-building, 1.2 million-square-foot industrial park.