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
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.

Retail
Bridal salon takes 5,700 sq. ft. at Rochelle Park retail center, C&W says

A bridal salon has leased nearly 6,000 square feet at a retail property in Rochelle Park, brokers with Cushman & Wakefield said, bringing the newly developed asset to full occupancy.

Retail
Weight loss clinic leases 2,400 sq. ft. at Marlboro shopping center

A weight loss clinic is taking nearly 2,400 square feet at a newly renovated shopping center in Monmouth County, under a transaction announced by Basser Kaufman.

Industrial
Bridge, Uniqlo ink major lease at 3.85 million sq. ft. industrial project in Warren County

Bridge Development Partners has landed a major tenant at a six-building, 3.85 million-square-foot industrial park now under construction in Warren County, inking its largest lease to date with the Japanese clothing maker Uniqlo.

Finance & Capital Markets
JLL inks $118 million loan package for Roseland apartment community

The owner of a 360-unit apartment community in Roseland has secured nearly $120 million in financing, in a newly announced transaction by brokers with JLL.

Residential & Mixed Use
New downtown Rutherford rental building hits leasing milestone

A new boutique rental building in downtown Rutherford has leased 75 percent of its available apartments just four weeks after opening to the public.