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
Charity Realty: Three-acre industrial site in Roxbury trades for $850,000

The longtime tenant at a three-acre industrial site in Roxbury has acquired the property for $850,000, in a newly announced deal by Charity Realty International.

Industrial
STRO, KRE acquire 4.8-acre low-coverage industrial property in Tampa

The STRO Cos. and KRE Group have completed their latest acquisition in Florida, buying a 4.8-acre site in Tampa that’s home to a 44,000-square-foot industrial building.

Industrial
Prologis, local officials unveil new 574,000 sq. ft. logistics facility in Gloucester County

Prologis Inc. has delivered more than 574,000 square feet of new industrial space in Gloucester County, adding to a footprint that includes nearly 200 facilities in New Jersey.

Residential & Mixed Use
JLL: Developer seeking joint venture for 286-unit rental project at ‘Silk Lofts’ site in Bayonne

The owner of a mixed-use development site in Bayonne is seeking a joint venture partner, hoping to unlock a project that is fully approved for 286 apartments and new retail space.

Office
Saiber to lease 34,000 sq. ft. at Bergman’s 7 Giralda Farms, eyeing move this spring

Saiber LLC is detailing its upcoming move to the historic Giralda Farms section of Madison, where it will occupy some 34,000 square feet under a lease with Bergman Real Estate Group.

Residential & Mixed Use
Family sells 75-unit garden apartment portfolio in Union, Roselle for $12 million, Kislak says

A long-term family ownership group has sold a 75-unit garden apartment portfolio in Union County for $12 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Denholtz taps O’Brien Realty for luxury residential project in Monmouth County

Denholtz has named O’Brien Realty as the sales director for a new collection of 16 custom-designed, single-family homes on Sandy Hook Bay in Atlantic Highlands.

Retail
Tropical Juice Bar inks lease at Bergenfield shopping center, RIPCO says

The owner of a 70,000-square-foot retail center in Bergenfield will soon welcome Tropical Juice Bar, a growing fast-casual restaurant chain, in a newly announced deal by RIPCO Real Estate.

Retail
Deluccia: Total Wireless operator takes 1,400 sq. ft. at mixed-use building in Somerset

A new Total Wireless store has come to Franklin after leasing space at a new mixed-use building in the township’s Somerset section, according to a broker with Deluccia Commercial Group.

Top News
Going public: New phases taking shape at The Park as Connell’s plan for resort-style, community-facing campus advances in Berkeley Heights

The Park in Berkeley Heights is entering a new phase, with its office space now fully renovated and construction underway on new residential, retail and hospitality segments that will create a new town square for workers and residents alike. And The Connell Co. has already taken steps toward opening the campus to the public — from social events to gym memberships — all with a level of branding and merchandising that is unlike what you’d find at other commercial properties in the state.