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.

Industrial
Linden industrial building fetches $5.8 million, BRC says

The longtime owner of a nearly 75,000-square-foot industrial building in Linden has sold the property for $5.8 million, brokers with Bussel Realty Corp. said Wednesday.

Residential & Mixed Use
Ironstate, KRE reveal new 549-unit rental tower in Jersey City (SLIDESHOW)

Ironstate Development Co. and Kushner Real Estate Group have taken the wraps off a new 46-story luxury rental tower in downtown Jersey City.

Residential & Mixed Use
Developers unveil new apartments at iconic New Jersey Bell building in Newark

An investment group has largely completed its conversion of the former New Jersey Bell tower in Newark, marking the restoration of a historic landmark and the addition of new market-rate and affordable housing options to the city’s downtown.

Residential & Mixed Use
C&W seeking buyer for two-year-old luxury rental property in Garfield

One of Bergen County’s newest luxury apartment properties, a 104-unit complex in Garfield, has hit the market for sale.

Industrial
Seagis touts four North Jersey warehouse acquisitions totaling 274,000 sq. ft.

Seagis Property Group has expanded its portfolio in northern New Jersey with the addition of four warehouses with a combined 274,000 square feet.

Retail
CBRE inks $6.2 million in new investment sales

A private investor has paid $2.3 million for a nearly 15,000-square-foot retail property in Monmouth County, in the largest of four newly announced transactions by CBRE.

Health Care & Education
NAI Hanson: Doctor moves Hackensack office, leases 1,325 sq. ft.

A physician’s practice is relocating within Hackensack as part of a recently completed, 1,325-square-foot medical office lease by NAI James E. Hanson.

Cover Story
Developers see new, long-awaited opportunities in Red Bank

Red Bank is now embracing redevelopment and smart growth concepts more than it has in recent memory, insiders say, as evidenced by the growing list of projects that are now under construction or in its pipeline. That embrace is a long time coming for developers that have seen all the community has to offer — from its popular downtown to the Navesink River waterfront, along with a rich cultural scene and an affluent population.

Office
Buyer wanted for 544,000 sq. ft. Parsippany office campus

A well-known office complex in Parsippany is on the market for sale, brokers with HFF said, touting the chance to make additional upgrades and lease up more than 180,000 square feet.

Industrial
CBRE: Growing online grocery sales could benefit New Jersey, a top 10 market for cold storage

With the growth of online grocery sales projected to continue, a new report says New Jersey is well-positioned to capture the continued need for cold storage space.