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
Albanese joins RIPCO as managing director focused on pad site sales, development

RIPCO Real Estate has made another key hire in the region, tapping industry veteran Jeffrey Albanese as a managing director in its Elmwood Park office.

Office
Jersey Shore office, retail properties trade in deals totaling $5.4 million, CBRE says

The owners of some 15,000 square feet of office and retail space in southern New Jersey have sold the two-property portfolio for a combined $5.35 million, brokers with CBRE announced.

Industrial
PPP: Maker of air filtration products buys 32,000 sq. ft. facility in Hopewell

A global manufacturer has acquired a 32,000-square-foot flex industrial building in Hopewell, in a newly announced deal by Princeton Property Partners.

Finance & Capital Markets
Kennedy Funding inks land loan for Suffern residential parcels

Kennedy Funding has closed a new land loan in connection with a nearly six-acre residential development site in Suffern, New York, just north of the New Jersey state line.

Office
EPRT taps HOK, Rock Brook and Intech to build out new 20,000 sq. ft. Princeton office

Essential Properties Realty Trust has assembled the team that will help build out its new headquarters in West Windsor.

Residential & Mixed Use
Landmark eyes debut of new luxury rental projects in Union, Plainfield

Development firm Landmark is set to deliver two new residential properties that will add a combined 185 apartments to its portfolio in Union County.

Industrial
Accordia buys two-building, 97,000 sq. ft. shallow-bay portfolio in Charlotte

Accordia has expanded its footprint in the Southeast with its acquisition of more than 97,000 square feet of industrial space in Charlotte, the company said Monday.

Retail
KRH: Hackensack-based buyer adds 42,000 sq. ft. Passaic retail center

The site of a 42,000-square-foot retail center in Passaic has changed hands for $5.5 million, in a newly announced deal by KRH Realty LLC.

Office
Signature touts 38,000 sq. ft. in Q2 leasing in New Jersey, Long Island office buildings

Signature Acquisitions signed more than a dozen new leases, expansions or renewals in the second quarter across its New Jersey and New York office portfolio, the firm said Monday.

Residential & Mixed Use
Six-unit North Bergen apartment building trades for $895,000, Cervelli says

Investors have acquired a six-unit apartment building in North Bergen for nearly $900,000, in a deal arranged by Cervelli Real Estate & Property Management.