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
Goldstein Group inks sale of fast food property in Hudson County

A fast food property in Hudson County has changed hands for an undisclosed price, in one of two newly announced transactions by The Goldstein Group.

Deals
Italian distributor acquires ex-restaurant property in Kenilworth, DiLeo-Bram says

An industrial equipment distributor has purchased the site of a shuttered restaurant in Union County, brokers with NAI DiLeo-Bram & Co. announced Friday.

Retail
Counseling service inks lease at mixed-use site in Burlington County

A counseling service has signed a long-term lease within a mixed-use property in Burlington County, brokers with Vantage Real Estate Services announced Friday.

Residential & Mixed Use
Leasing teams turn to virtual tours, platforms to lure renters during stay-at-home order

In-person tours have been curtailed and lease numbers are down, but virtual tours are helping luxury apartment buildings bring in renters in this time of social distancing. The virtual elements are so useful, in fact, that building representatives said they’ll keep using them after the coronavirus crisis is over.

Residential & Mixed Use
Kislak brokers sale of four-building, 56-unit rental portfolio in Newark

A multifamily owner has reaped nearly $8 million from the sale of a four-building, 56-unit portfolio in Newark, following a transaction arranged by The Kislak Co. Inc.

Residential & Mixed Use
Investor sells mixed-use Bayonne property for $2 million, Marcus says

A private investor has sold a 6,900-square-foot mixed-use building in Bayonne, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Value Cos. launches virtual leasing, financial relief for residents during pandemic

Value Cos. has taken steps across its portfolio of apartment buildings to help ease residents’ concerns and ensure safety and social distancing during the coronavirus pandemic.

Industrial
JLL inks $11.2 million industrial sale in Connecticut

A team of Morristown-based brokers with JLL has completed the sale of a nearly 112,000-square-foot light industrial building just outside Hartford, Connecticut.

Industrial
Bridge, beverage company ink 420,000 sq. ft. lease at Warren County industrial park

Bridge Development Partners has lured a second tenant to its new logistics park in Warren County, inking a nearly 420,000-square-foot lease with a well-known beverage company.

Office
Joint venture sells Merrill Lynch office campus in Hopewell for $95 million

An investment group has reaped $95 million from the sale of a well-known, three-building office campus in Hopewell that is fully occupied by Merrill Lynch.