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
Familiar territory

As you’ll read in this month’s cover story, a project aims to revive what should be prime real estate in East Brunswick, one that hugs a highway with daily traffic of 100,000 vehicles.

Industrial
JLL: Developer breaks ground on 76,000 sq. ft. warehouse near Newark Airport

Nearly 80,000 square feet of new warehouse space is coming to a site just north of Newark Liberty International Airport, according to a leasing and marketing team with JLL.

Residential & Mixed Use
HMFA touts opening of 75-unit senior housing complex in Freehold

A developer and state officials have marked the completion of an age-restricted, 75-unit affordable housing property in Freehold Township.

Office
Hillsborough medical office building sells for $5 million, Marcus says

A private buyer has paid more than $5 million for a 16,250-square-foot office building in Hillsborough, in a newly announced transaction by Marcus & Millichap Capital Corp.

Office
Clothing maker inks new lease with Sanzari, returns to Teaneck campus

A former tenant at the Glenpointe campus in Teaneck has returned to the 50-acre complex, under a newly completed lease with owner and developer Alfred Sanzari Enterprises.

Professional Services
NAI Global ranks third in brokerage survey

NAI Global, the global network of owner-operated commercial real estate brokerage firms, has earned a top three ranking in a wide-ranging industry survey.

Residential & Mixed Use
Developer opens first phase of residential, retail project in downtown Union

A developer has unveiled an 80-unit luxury apartment building in downtown Union, the first piece of a plan that will span nearly 300 new homes and some 27,000 square feet of retail space.

Retail
West New York retail, office building trades for $6.5 million

A private investor has paid $6.5 million for a mixed-use, 21,000-square-foot building in West New York, in newly completed transaction by Marcus & Millichap Capital Corp.

Retail
Sherwin Williams takes space at Passaic redevelopment project

Sherwin Williams has expanded its footprint in northern New Jersey with the completion of a new lease in Passaic, brokers with The Goldstein Group announced this week.

Residential & Mixed Use
Duplex townhomes selling fast at Gold Coast condo building

A developer is touting a surge in demand for a collection of million-dollar townhomes in West New York, part of a 13-story condominium building along the Hudson River waterfront.