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.

Industrial
CBRE: Stay-at-home orders poised to accelerate growing demand for cold storage

The coronavirus pandemic figures to accelerate what had already been a growing trend — the need for additional cold storage space to meet the demand for online grocery sales.

Top News
FMERA extends deadline for offers to buy 31-acre Fort Monmouth parcel

State officials have extended the deadline for offers to buy more than 30 acres at the former Fort Monmouth property, where redevelopment efforts are ongoing.

Deals
Commercial portfolio in Camden changes hands, Vantage RES says

A local business owner has acquired a series of commercial properties in Camden, under a newly announced transaction by Vantage Real Estate Services.

Office
JLL: Owner of ex-Toys R Us headquarters eyes office, retail uses in repositioning plan

The new owner of the former Toys R Us headquarters in Wayne has tapped JLL to market the property, seeking a mixed-use, multitenant approach as it repositions the campus.

Industrial
Sheldon Gross inks sale of industrial complex straddling Piscataway, Plainfield

An investment firm has acquired more than 135,000 square feet of industrial space on the border of Middlesex and Union counties, in a transaction arranged by Sheldon Gross Realty.

Retail
Realtors group acquires, plans headquarters at ex-Bennigan’s site in Bergen County

A realtors association has acquired a former restaurant building in Saddle Brook that it now plans to use as its future headquarters, according to brokers with The Goldstein Group.

Office
Office, retail property in Haddonfield trades for $750,000

A local investor has purchased a 6,400-square-foot mixed-use property in downtown Haddonfield, under a newly announced sale by Markeim Chalmers Inc.

Office
Three-building medical office campus in Clifton sells for $45 million

A private investor has acquired a three-building medical office campus in Clifton for $45 million, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Hoboken Brownstone is making its mark in Jersey City, backed by 40 years of urban redevelopment expertise

With a tried and true formula that goes back 40 years, Hoboken Brownstone Co. now has a development and construction pipeline in Jersey City of more than 2,000 luxury apartments.

Office
Mack-Cali unveils new board nominees, with Mack set to step down as chairman

Mack-Cali Realty Corp. has unveiled a new slate of nominees for election to its board of directors, as longtime Chairman William L. Mack prepares to step down in conjunction with the company’s mandatory retirement age policy.