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
WCRE: Wellness center takes 2,300 sq. ft. in Burlington County

A wellness center has agreed to lease nearly 2,300 square feet at a Burlington County office complex, under a newly announced transaction by Wolf Commercial Real Estate.

Residential & Mixed Use
PRC, Circle Squared unveil Jersey City rental building at NJCU-led project

A joint venture has taken the wraps off a new 144-unit luxury apartment building in Jersey City, the latest piece of a high-profile redevelopment effort led by New Jersey City University.

Office
C&W marketing 86-acre development site near Bayer headquarters in Whippany

Pharmaceutical giant Bayer is selling 86 acres adjacent to its North American headquarters in Hanover, offering a rare infill development site in one of the state’s top corporate submarkets.

Industrial
Local officials, Arizona executives open 621,000 sq. ft. bottling plant in Woodbridge

Arizona Beverage Co. has opened the doors to a new 621,000-square-foot production, manufacturing and bottling facility in Woodbridge.

Industrial
Cold storage user inks 30,000 sq. ft. renewal in Elizabeth, Avison Young says

A refrigerated warehouse provider has renewed its 30,000-square-foot lease at an Elizabeth industrial building, in a newly announced transaction by Avison Young.

Office
Onyx, Garrison hail success of Bergen County office strategy

A joint venture is touting its latest acquisition of an office building in Bergen County, where it now owns more than 10 percent of the Class A space in the surrounding market.

Sponsored Content
Sax White Paper: Qualified Opportunity Zone Investments – A Summary of the Updated Regulations

It’s been very well publicized that the Tax Cuts and Jobs Act (TCJA) enacted a new opportunity to incentivize real estate investment and development in low-income communities across the country. In October of 2018, the IRS published proposed regulations on this program that provided direction to taxpayers, although many questions were left unanswered. In April of 2019, the IRS sought to address many of those questions by publishing a second set of proposed regulations which provided needed clarity on conducting an operating business within a Qualified Opportunity Zone (QO Zone) and structuring a Qualified Opportunity Fund (QO Fund).

Finance & Capital Markets
Buyer of 205,000 sq. ft. office building in Bridgewater inks $29 million acquisition loan

The buyer of a 205,000-square-foot office building in Bridgewater has landed nearly $29 million in financing, under a transaction arranged by Phillips Realty Capital.

Residential & Mixed Use
New York investor buys Garfield rental property, its first New Jersey acquisition

An out-of-state investor has acquired a newly built, 75-unit apartment complex just steps from a train station in Garfield, in a newly announced transaction by CBRE.

Retail
LMC: Restaurant, nail salon lease 10,000 sq. ft. at Jersey City shopping center

A growing restaurant chain and a nail salon are joining a Jersey City shopping center, having leased a combined 10,000 square feet at the 95,000-square-foot complex.