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
Connors Agency inks industrial sales in Hillside, Linden

Two Union County industrial buildings have changed hands in recent weeks, in a set of transactions arranged by The William F. Connors Agency.

Retail
Goldstein Group: Appliance store opens 4,700 sq. ft. space at Paramus strip center

An appliance store has opened its doors at a Paramus strip center, joining two other tenants to bring the 13,000-square-foot property to full occupancy.

Office
NKF, Murray Construction detail revamp of Westfield office building (SLIDESHOW)

A brokerage and development team has unveiled plans to revamp a 70,000-square-foot office building in Westfield, offering a rare block of space in the town’s popular business district.

Policy Page
Taking the temperature of New Jersey’s economy and commercial real estate sector

We are now more than six months into the pandemic that shut down much of New Jersey’s economy in early March. I thought it would be a good time to pause to look at where we are in terms of recovering from the staggering unemployment and economic losses caused by the health crisis. There is some surprisingly good news, but it must be taken with a strong dose of caution.

Office
Marcus inks sale of 26,000 sq. ft. office building in Medford

A developer has paid nearly $2.1 million to acquire a boutique office building in Burlington County, under a newly announced transaction by Marcus & Millichap.

Industrial
CBRE tapped to market 5.5 million sq. ft. logistics park just outside New Jersey

A developer has announced plans for what it says will be the largest industrial park on the East Coast, where CBRE is marketing 5.5 million square feet just over the New Jersey state line.

Retail
Vietnamese restaurant coming to Haddon Heights strip center, Vantage RES says

The owner of an 11,000-square-foot shopping center in Camden County has inked a lease with a Vietnamese restaurant, bringing the property to full occupancy.

Finance & Capital Markets
Kennedy Funding lends $3 million for Florida hospitality, entertainment project

A developer has acquired more than 100 acres along Florida’s Gulf Coast thanks to a newly completed, $3 million loan provided by Kennedy Funding.

Residential & Mixed Use
Hekemian & Co., city officials unveil new luxury apartments in Hackensack (SLIDESHOW)

A developer with deep ties to Hackensack has opened the doors to a new 254-unit luxury apartment building along one of the city’s main commercial corridors.

Industrial
Blackstone, Hampshire tap JLL to market 215,000 sq. ft. industrial project in West Caldwell

A joint venture is proceeding with plans to build more than 200,000 square feet of new industrial space at the site of a former office building in West Caldwell, according to brokers with JLL.