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
JLL: Developer breaks ground on 76,000 sq. ft. warehouse near Newark Airport

Nearly 80,000 square feet of new warehouse space is coming to a site just north of Newark Liberty International Airport, according to a leasing and marketing team with JLL.

Residential & Mixed Use
HMFA touts opening of 75-unit senior housing complex in Freehold

A developer and state officials have marked the completion of an age-restricted, 75-unit affordable housing property in Freehold Township.

Office
Hillsborough medical office building sells for $5 million, Marcus says

A private buyer has paid more than $5 million for a 16,250-square-foot office building in Hillsborough, in a newly announced transaction by Marcus & Millichap Capital Corp.

Office
Clothing maker inks new lease with Sanzari, returns to Teaneck campus

A former tenant at the Glenpointe campus in Teaneck has returned to the 50-acre complex, under a newly completed lease with owner and developer Alfred Sanzari Enterprises.

Professional Services
NAI Global ranks third in brokerage survey

NAI Global, the global network of owner-operated commercial real estate brokerage firms, has earned a top three ranking in a wide-ranging industry survey.

Residential & Mixed Use
Developer opens first phase of residential, retail project in downtown Union

A developer has unveiled an 80-unit luxury apartment building in downtown Union, the first piece of a plan that will span nearly 300 new homes and some 27,000 square feet of retail space.

Retail
West New York retail, office building trades for $6.5 million

A private investor has paid $6.5 million for a mixed-use, 21,000-square-foot building in West New York, in newly completed transaction by Marcus & Millichap Capital Corp.

Retail
Sherwin Williams takes space at Passaic redevelopment project

Sherwin Williams has expanded its footprint in northern New Jersey with the completion of a new lease in Passaic, brokers with The Goldstein Group announced this week.

Residential & Mixed Use
Duplex townhomes selling fast at Gold Coast condo building

A developer is touting a surge in demand for a collection of million-dollar townhomes in West New York, part of a 13-story condominium building along the Hudson River waterfront.

Office
Bergman, Time Equities unveil $2 million upgrade at Whippany office complex

A joint venture has taken the wraps off a series of upgrades at a two-building, 172,000-square-foot office complex in Morris County, including a sleek new central amenity space.