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
Florham Park headquarters, life sciences building sold for $47 million

An investment firm has sold a corporate headquarters and life sciences building in Florham Park for nearly $47 million, under a transaction announced Wednesday by CBRE.

Residential & Mixed Use
KRE Group, National set to launch leasing at Journal Squared phase two

Kushner Real Estate Group and National Real Estate Advisors are set to unveil a new 68-story apartment tower in Jersey City, the tallest in their three-phase Journal Squared project.

Residential & Mixed Use
Heritage Capital unveils 126-unit rental project at historic bank building in Hackensack

A developer has opened 126 new luxury apartments in downtown Hackensack after its adaptive reuse of a historic bank building in the city.

Residential & Mixed Use
Kislak inks sale of Belleville condo, apartment buildings

A private investor has acquired 11 condominiums in Belleville for nearly $2.2 million, in one of two newly announced deals by The Kislak Co. Inc.

Professional Services
Lindabury announces new attorney for commercial real estate group

Lindabury, McCormick, Estabrook & Cooper PC has welcomed a new attorney to its commercial real estate group.

Industrial
Tile distributor buys 102,000 sq. ft. warehouse in Monmouth County, Sheldon Gross says

A tile wholesaler has acquired a 102,000-square-foot warehouse and an adjacent parcel in Monmouth County, in a transaction arranged by Sheldon Gross Realty.

Finance & Capital Markets
Bergenfield garden apartment complex owner lands $11.1 million loan, Cronheim says

Cronheim Mortgage has secured $11.1 million in financing for the owner of a 150-unit apartment complex in Bergenfield, the Chatham-based brokerage firm announced.

Health Care & Education
Prism taps Newmark Associates to lease health care space at West Orange project

Prism Capital Partners has picked Newmark Associates as its leasing agent for health care and medical office space at its 21-acre, mixed-use Edison Village project in West Orange.

Industrial
Dermody details new three-building, 1.2 million sq. ft. industrial park in Gloucester County

Dermody Properties has unveiled plans for nearly 1.2 million square feet of new industrial space in Gloucester County as part of a three-building, 154-acre project set to begin this spring.

Retail
CBRE: Auto dealership chain inks $55 million sale-leaseback in New Jersey, Pennsylvania

An automotive group has completed a $55 million sale-leaseback involving a series of dealerships and other buildings in New Jersey and Pennsylvania, in a deal arranged by CBRE.