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
Partnership sells 104-unit multifamily development site in Plainfield, CBRE says

CBRE has brokered the sale of a fully approved development site in Plainfield, where plans call for 104 apartments within walking distance of NJ Transit rail service.

Industrial
NAI Mertz: Moving company takes 54,000 sq. ft. at Moorestown industrial building

A moving company is taking more than 54,000 square feet of industrial space in Moorestown, under a newly announced transaction by NAI Mertz.

Residential & Mixed Use
Kislak inks sale of Paterson apartment buildings for $4.4 million

A development and investment firm has sold a four-building, 34-unit apartment portfolio in Paterson for nearly $4.4 million, in a newly announced deal by The Kislak Co. Inc.

Office
C&W marketing 105,000 sq. ft. office, research building in Hunterdon for sale or lease

The owner of a former Ingersoll Rand office and research facility in Hunterdon County is seeking a buyer or a tenant for the property, according to Cushman & Wakefield.

Finance & Capital Markets
Cronheim: Furniture seller inks $50 million loan, buys 635,000 sq. ft. Hightstown facility

The occupier of a newly built, 635,000-square-foot distribution center in Hightstown has acquired the property with the help of a $50 million loan.

Residential & Mixed Use
Buyer wanted for 100-unit luxury rental building in Edgewater, JLL says

The owner of a 100-unit luxury apartment building in Edgewater is seeking a buyer for the property, under a newly announced offering by JLL’s New Jersey capital markets team.

Office
Prism relocates headquarters ahead of pharma firm’s move to ON3 campus in Nutley

Prism Capital Partners has moved its headquarters within its flagship ON3 campus, making way for the global pharmaceutical firm that will occupy the site’s distinctive 15-story office tower.

Retail
Gaming hall takes 2,500 sq. ft. in Mahwah, Midtown Commercial says

A tabletop gaming venue has joined the roster at a grocery-anchored retail center in Mahwah, in a newly announced transaction by Midtown Commercial Realty.

Finance & Capital Markets
Progress Capital inks $15 million loan for Harlem development parcel

A developer has landed $15 million in financing for its acquisition of a parcel in Manhattan’s Harlem neighborhood, according to a debt placement team with Progress Capital.

Residential & Mixed Use
Larken sees towns in central, western New Jersey as growth markets for luxury rentals

Larken Associates has ramped up its multifamily development pipeline in recent years, as it looks to bring upscale apartments and amenities to lesser-known suburban submarkets.