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
Mount Olive shopping center trades for $6 million, Marcus says

A private investor has acquired a shopping center in Mount Olive for $6 million, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Paramount unveils new apartments at historic Newark commercial buildings

An investment firm is unveiling 47 new luxury apartments and commercial space at a pair of historic commercial buildings in downtown Newark.

Health Care & Education
NKF inks sale of 181,000 sq. ft. R&D facility to Thor Equities

An investment firm has expanded its New Jersey life sciences portfolio with the acquisition of a research facility in Somerset County, in a transaction arranged by Newmark Knight Frank.

Professional Services
Service firms launch site selection, consulting platform for life sciences facilities

Three companies have joined forces to provide facilities planning, design and site selection services for life sciences and biopharmaceutical firms, with a focus on helping clients streamline their supply chains and physical footprint in a quickly changing industry.

Residential & Mixed Use
Rahway multifamily building fetches $26.5 million, Kislak says

A pension fund has sold 160 multifamily units in downtown Rahway for $26.5 million, under a newly announced transaction by The Kislak Co. Inc.

Government & Public Policy
Somerset Development marks milestone for Bell Works, provides $5.2 million to Holmdel

Somerset Development announced that it has provided more than $5 million to the township of Holmdel, fulfilling a redevelopment agreement tied to the acclaimed transformation of the iconic former Bell Labs facility into the 2 million-square-foot, mixed-use Bell Works campus.

Retail
Edison auto dealer site on the market for sale, Lee & Associates New Jersey says

The owner of a car dealership property in Edison is seeking a buyer, having retained Lee & Associates New Jersey to market the parcel.

Retail
LMC: Bank leases 2,100 sq. ft. at Chatham shopping center

A shopping center near downtown Chatham is now fully leased after a commitment by a growing New Jersey bank, brokers with Levin Management Corp. announced.

Retail
Rose Commercial inks South Jersey retail leases with jeweler, smoothie franchise

A local jeweler has moved into 2,500 square feet at a Cherry Hill shopping center, in the largest of three new retail leases by Rose Commercial Real Estate.

Professional Services
Rotwein+Blake bolsters team with senior interior designer

Rotwein+Blake has expanded its interior design team with one of its newest hires.