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.

Office
Investor sells West Orange office building, eyes redevelopment for remaining campus

An investment group has sold a 130,000-square-foot office building in West Orange, in a deal that comes two years after it acquired the property as part of a four-building office complex.

Industrial
CenterPoint acquires 315,000 sq. ft. last-mile delivery hub in Jersey City

CenterPoint Properties has acquired a three-year-old, 315,389-square-foot industrial building in Jersey City, the latest addition to its fast-growing New Jersey portfolio.

Photos
NJAA honors leading owners, professionals at annual awards gala

The New Jersey Apartment Association has recognized dozens of member owners, managers and other professionals as part of its 26th annual Garden State Awards of Excellence gala.

Finance & Capital Markets
Citizens Bank inks $55 million construction loan for 267-unit Elizabeth project

A development group has landed $55 million in financing for a planned 267-unit apartment complex in Elizabeth, in a newly closed transaction by Citizens Commercial Banking.

Industrial
CBRE: Peloton opens 156,000 sq. ft. warehouse, fulfillment center in Carteret

At-home fitness company Peloton Interactive has opened a new warehouse and fulfillment center in Carteret, where it has leased 156,000 square feet as part of a deal arranged by CBRE.

Finance & Capital Markets
Hudson County condo project lands $44 million in financing

A private lending platform has closed on a $44 million construction loan to the developer of a 55-unit condominium project in Union City.

Industrial
Moving company takes 12,000 sq. ft. at sprawling Newark industrial complex

A commercial moving company is taking nearly 12,000 square feet at a newly renovated industrial complex in Newark, in a recent transaction by NAI James E. Hanson.

Top News
Sanzari moves to modernize flagship Glenpointe complex with new tenant services, amenities

Alfred Sanzari Enterprises and Better Spaces recently debuted The Pointe, a new space that will serve as a focal point for programming the amenities at the Glenpointe complex in Teaneck. The new services include free yoga classes for tenants, along with ping pong tournaments, meditation sessions and other offerings. — Courtesy: Alfred Sanzari Enterprises

Residential & Mixed Use
East Orange apartment building fetches $11.6 million, Gebroe-Hammer says

A private investor has acquired a 76-unit apartment building in East Orange for nearly $12 million, under a newly announced transaction by Gebroe-Hammer Associates.

Residential & Mixed Use
Kislak closes Jersey Shore investment sales totaling $8.5 million

An investor has acquired a 32-unit garden apartment complex in Long Branch for more than $4 million, in the largest of three newly announced transactions by The Kislak Co. Inc.