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.

Retail
SRS: Developer inks $6 million sale of new Wawa ground lease in Gloucester County

A developer has sold the ground lease for a newly built Wawa in Gloucester County for more than $6 million, brokers with SRS Real Estate Partners announced last week.

Industrial
Print services business takes 14,000 sq. ft. in move to Mahwah, NAI Hanson says

A printing company has leased more than 14,000 square feet of industrial space in Mahwah, in a newly announced deal by NAI James E. Hanson.

People
Levin adds Yurowitz as marketing specialist to support growing business, deal volume

Levin Management Corp. has hired Hayley Yurowitz as a marketing specialist, bolstering the team supporting its strong growth and transaction volume.

Industrial
TFE-owned self-storage property in Lakewood transitions to CubeSmart

TFE Properties has expanded its partnership with CubeSmart, tapping the self-storage operator to manage an 820-unit facility near Route 70 in Lakewood.

Featured
Perth Amboy warehouse, site of New Jersey’s first-ever community solar project, back in focus as Murphy, business leaders tout program’s role in reducing energy costs

As state officials look to tackle rising energy costs, a program that has brought rooftop solar panels to dozens of New Jersey warehouses has taken on added importance as a means of easing that burden without many of the risks and hurdles of major infrastructure projects.

Residential & Mixed Use
Silverman Group bringing 62 new rentals, medical office space to Short Hills site

The Silverman Group has broken ground on a project that will bring 62 new luxury apartments and medical office space to a site just west of the Short Hills train station in Millburn.

Office
Boutique medical office building in Jersey City trades for $7.4 million, C&W says

An investment group has acquired a more than 28,000-square-foot medical office building in Jersey City for $7.43 million, in a newly announced deal by Cushman & Wakefield.

Residential & Mixed Use
Investor taps Kislak to sell 78-unit Hackensack rental property

The owner of a 78-unit luxury apartment building in Hackensack has retained The Kislak Co. Inc. to sell the property after acquiring it just over three years ago.

Office
RRNNJ inks 9,000 sq. ft. in new office leases in Somerset, Morris counties

An engineering firm has leased nearly 5,800 square feet of office space in Somerset County, in one of three newly announced deals by Resource Realty of Northern New Jersey.

Residential & Mixed Use
Reynolds adds to Cleveland portfolio, acquires 119 new units for $31 million

Reynolds Asset Management has made two more acquisitions outside New Jersey, adding a combined 119 newly built apartments in Ohio as part of an ongoing joint venture.