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.

Professional Services
Historic library in Long Branch reopens after DIG-led, multimillion-dollar update

DIGroup Architecture is marking the completion of a project that has restored and updated the historic Long Branch Free Public Library.

Retail
Trade of 3,700 sq. ft. retail building in Paramus among two recent sales by The Goldstein Group

The site of a nearly 3,700-square-foot retail building in Paramus has changed hands and is now slated to become a home electronics store, brokers with The Goldstein Group announced.

Office
Design firm buys 1,000 sq. ft. office condo in Sussex County, NAI Hanson says

An architect has acquired a 1,000-square-foot office condominium in the Sussex County township of Hardystown, in a transaction arranged by NAI James E. Hanson.

Residential & Mixed Use
BXP teams with Albanese, CrossHarbor to build 670-unit rental project in Jersey City

A development team has unveiled plans to bring another 670 luxury apartments to Jersey City under a $400 million project that would rise just south of the Hoboken border.

Residential & Mixed Use
Value Cos. debuts 24-unit addition at Randolph apartment complex, with more phases to come

Value Cos. Inc. has unveiled the latest phase of a plan to expand its Gateways at Randolph property, a sprawling apartment complex off Route 10.

Retail
Sussman: Ex-restaurant in Marlton sells for $2.3 million, set to become cannabis shop

The site of a shuttered restaurant in Evesham Township is set to become a cannabis dispensary after changing hands last month for $2.3 million, in a deal arranged by A.J. Sussman Co.

Residential & Mixed Use
Reynolds closes on 432-unit apartment complex in Ohio, adding to Midwest portfolio

Reynolds Asset Management has made another acquisition in Ohio, adding a 432-unit apartment complex in Columbus that it now plans to renovate over the next year.

Industrial
Thor acquires 18-building, 580,000 sq. ft. Bridgewater industrial park for $111 million

Thor Equities has made a major addition to its New Jersey industrial holdings, acquiring a portfolio of more than 580,000 square feet in Bridgewater for $111 million.

Industrial
LEG, ramping firm ink 109,000 sq. ft. lease at new Rockland County logistics center

Lincoln Equities Group has found its first tenant for a new industrial building in Rockland County, leasing more than 109,000 square feet to a residential and commercial ramping firm.

Residential & Mixed Use
Larken Associates hits key leasing milestone at 120-unit Warren County rental project

Larken Associates has leased more than 50 percent of a new 120-unit luxury apartment complex in Warren County, with the property now entering the final stages of construction.