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.

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.

Industrial
Accordia grows Charlotte portfolio with 46,000 sq. ft. shallow-bay industrial deal

Accordia has made another acquisition outside New Jersey, adding more than 46,000 square feet of shallow-bay industrial space in suburban Charlotte, North Carolina.

Retail
TFE Properties adds 104,000 sq. ft. Brick Township retail center in JLL-brokered deal

An affiliate of TFE Properties has acquired a nearly 104,000-square-foot retail center in Brick Township, with plans to update the property to capitalize on its location off Route 70.

Finance & Capital Markets
Owner of 100,000 sq. ft. Secaucus warehouse lands $15 million loan, G.S. Wilcox says

The owner of a single-tenant, 100,000-square-foot warehouse in Secaucus has secured $15 million in financing, in a deal arranged by G.S. Wilcox & Co.

Office
Tenant of 39 years signs latest lease renewal at Sanzari’s Court Plaza in Hackensack

An attorney in Hackensack has signed her latest lease renewal with Alfred Sanzari Enterprises — her landlord of nearly 40 years — opting to stay in place at the firm’s Court Plaza complex.

Industrial
Circulate NJ welcomes Solar Landscape, Casdale Energy Cost Management as newest members

Solar Landscape and Casdale Energy Cost Management have joined Circulate NJ, adding to the business coalition’s roster of top players in New Jersey’s industrial real estate sector.