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
Investment sales in Belleville, Bloomfield net $5.1 million, Kislak says

Four properties in Essex County have changed hands for a combined $5.135 million, following a set of transactions brokered by The Kislak Co. Inc.

Retail
Goldstein Group completes five new physical therapy leases

Five physical therapy providers have combined to lease more than 17,000 square feet in northern and central New Jersey, in a series of newly announced deals by The Goldstein Group.

Office
Mount Laurel medical office building fetches $2.75 million

A local investor has acquired a 22,000-square-foot medical office building in Mount Laurel for $2.75 million, in a transaction arranged by Rose Commercial Real Estate.

Events
CRE leaders renew support for annual golf tournament benefiting Special Olympics

Members of New Jersey’s commercial real estate industry will be on hand next week for a popular golf tournament supporting Special Olympics New Jersey.

Industrial
Russo, Forsgate close on Meadowlands site slated for 3 million sq. ft. industrial park

Russo Development and Forsgate Industrial Partners have completed their purchase of a 718-acre tract in Bergen County, paving the way for more than 3 million square feet of new high-end industrial space in the heart of the Meadowlands.

Office
HFF tapped to sell 105,000 sq. ft. T-Mobile campus in Parsippany

The Parsippany office building that is home to T-Mobile’s regional headquarters is up for sale, according to brokers with HFF who are marketing the property.

Office
NKF: Denholtz, insurance company complete sale-leaseback in Red Bank

An insurance company has sold and leased back the majority of a two-building office portfolio in Red Bank, brokers with Newmark Knight Frank announced last week.

Residential & Mixed Use
Progress Capital inks $23.4 million refi at 96-unit building in Union City

The developer of a new 96-unit apartment building in Union City has landed more than $23 million in permanent financing, in a transaction arranged by Progress Capital.

Retail
Shoe brand leases 1,800 sq. ft. at The Mall at Short Hills

A Brazilian shoe brand has opened a new store at The Mall at Short Hills, its first New Jersey location, following a 1,800-square-foot lease by Cushman & Wakefield.

Office
WCRE: Solar firm takes 6,300 sq. ft. in Cherry Hill

A solar panel manufacturer has leased more than 6,300 square feet at a Cherry Hill office park, under a newly announced transaction by Wolf Commercial Real Estate.