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
NAI Hanson: Compounding pharmacy takes 1,800 sq. ft. at Woodbridge office building

A compounding pharmacy has leased more than 1,800 square feet at a Woodbridge office building, according to a brokerage team with NAI James E. Hanson.

Retail
Specialty grocer in Hammonton snags new downtown location, Vantage Commercial says

A specialty grocery store has found a new location in Atlantic County after leasing space in downtown Hammonton, in a deal arranged by Vantage Commercial.

Residential & Mixed Use
Longtime owner sells 34-unit Madison apartment building for $12 million, Berkadia says

An investor has acquired a 34-unit, garden-style apartment building in Madison for nearly $12 million, in a newly announced deal by Berkadia.

Industrial
Mapletree starts construction, eyes 2026 debut for 250,000 sq. ft. Westampton warehouse

Mapletree Investments Pte Ltd has broken ground on a new 250,000-square-foot industrial building in Burlington County, as it ramps up its development pipeline in key U.S. markets.

Residential & Mixed Use
JLL: Buyer wanted for Edgewater property with 62 apartments, Whole Foods-anchored retail

An upscale retail and residential property in Edgewater is on the market for sale, boasting a tenant roster that’s anchored by Whole Foods and 64 market-rate apartments.

Residential & Mixed Use
Pennrose, officials break ground on new affordable senior housing in New Brunswick

Pennrose has started construction on a project that will bring 66 new age-restricted, affordable housing units to downtown New Brunswick with the help of state and city funding sources.

People
Sanzari adds veteran property manager Lyberatos as vice president

Mike Lyberatos has joined Alfred Sanzari Enterprises as vice president and director of property management, the Hackensack-based real estate firm announced Wednesday.

Retail
Kislak: Flemington strip center sells for first time in 30+ years, fetching $2.3 million

A longtime owner has sold a nearly 10,000-square-foot strip center in Flemington for $2.25 million, in a deal arranged by Kislak Commercial Real Estate Services Inc.

Retail
Bennett Realty touts momentum at midyear after series of restaurant, retail deals in first half

Nearly a dozen restaurants, medical practices and other retail users are expanding in the region amid a flurry of newly announced leases by Bennett Realty & Development.

Featured
Shaping the future: Top CRE policy priorities for New Jersey’s next governor

Dan Kennedy is CEO of NAIOP New Jersey By Dan Kennedy As New Jersey prepares to elect its next governor, NAIOP NJ, the commercial real estate development association, has published a comprehensive roadmap for economic revitalization and sustainable development for…