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
Saddleback inks sale of Morris County warehouse after two-year turnaround

Saddleback Real Estate Developers has completed the sale of a newly renovated, 73,500-square-foot warehouse in the Flanders section of Mount Olive.

Industrial
Redevelopment bringing 174,000 sq. ft. of new industrial space to Camden County

A developer is bringing more than 170,000 square feet of new industrial space to Camden County, in a project that’s now being marketed by Colliers International.

Office
CBRE tapped as leasing agent at new-look Piscataway office building

The owner of a newly renovated, 138,000-square-foot office building in Piscataway has retained CBRE as the property’s leasing agent.

Retail
Larken inks lease with pharmacy, bringing Hillsborough complex to full occupancy

Larken Associates has completed a nearly 2,000-square-foot lease at a Hillsborough strip center, bringing the office and retail property to full occupancy.

Deals
NAI Hanson inks sale of mixed-use building in Netcong

An investor has acquired a 2,100-square-foot mixed-use building in Morris County, under a newly completed transaction by NAI James E. Hanson.

Professional Services
Katz & Associates names new investment sales broker

Katz & Associates has announced the hiring of a new broker to focus on investment sales in New York, New Jersey and Florida.

Residential & Mixed Use
FirstService renews, expands contract with Toms River senior community

FirstService Residential has renewed and expanded its contract to provide property management services to a sprawling age-restricted community in Toms River.

Finance & Capital Markets
Developer inks $43 million refi of Jersey City rental tower, Lightstone says

The developer of a 132-unit apartment building in Jersey City has refinanced for nearly $43 million, following a transaction arranged by Lightstone Capital.

Retail
Aspen, Devli add 220,000 sq. ft. retail center in Freehold

A joint venture has acquired a four-building, 220,000-square-foot retail property in Freehold, under a newly announced transaction by Colliers International.

Finance & Capital Markets
JLL: Monmouth County industrial buyer secures $10.7 million in debt, equity

The buyer of a 129,600-square-foot industrial building in Monmouth County has landed nearly $11 million in financing and equity for the acquisition, brokers with JLL announced Monday.