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
Fairfield rental complex fetches $14 million in 1031 exchange deal

A newly built, 34-unit apartment complex in Fairfield has changed hands for nearly $14 million, following a transaction arranged by The Kislak Co. Inc.

Industrial
Merchandiser takes 23,000 sq. ft. at Moonachie warehouse

A high-end wholesale merchandiser has leased 23,000 square feet of warehouse space in Bergen County, under a newly announced transaction by Team Resources Inc.

Retail
LMC adds new leasing representative for New Jersey portfolio

Levin Management Corp. has bolstered its team of retail professionals with the addition of a new leasing representative.

Industrial
Stro, NAI Hanson tout 28,000 sq. ft. industrial lease in Elmwood Park

A kosher foods distributor has leased 27,600 square feet at a flex industrial building in Elmwood Park, brokers with NAI James E. Hanson announced.

Retail
Filipino grocer expands, opens new Clifton location

A growing Filipino grocery store has opened its new flagship location in Clifton, where it occupies 16,000 square feet within a busy Route 46 shopping center.

Residential & Mixed Use
Hudson County developer launches new firm, plans North Bergen condo project

A longtime Hudson County development executive has formed a new venture, with plans to break ground in the coming weeks on a 70-unit condominium project in North Bergen.

Industrial
BRC touts new industrial leases in Linden, Carteret

A dollar store distributor has leased 31,000 square feet of industrial space in Linden, in the largest of several newly announced transactions by Bussel Realty Corp.

Industrial
Investor sells 130,000 sq. ft. industrial portfolio in Pennsauken, Colliers says

A private investor has acquired a five-building, 130,435-square-foot industrial portfolio in Pennsauken, brokers with Colliers International announced Monday.

Industrial
Team Resources inks 10,000 sq. ft. warehouse leases in South Hackensack, Teterboro

A floral design company is expanding with a recent 10,000-square-foot industrial lease in South Hackensack, according to brokers with Team Resources Inc.

Government & Public Policy
As expected, Murphy vetoes bill to extend tax incentives

Gov. Phil Murphy has officially rejected a bill that sought to extend the state’s tax credit incentives, which lawmakers hoped would have provided time to find a long-term solution for the controversial programs before they expired earlier this summer.