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.

Government & Public Policy
Offers wanted for two Fort Monmouth parcels, agency says

With several high-profile redevelopment projects taking shape at the Fort Monmouth property, state officials are seeking buyers for two additional parcels at the former U.S. Army post.

Professional Services
Garibaldi bolsters brokerage services team with newest hire

The Garibaldi Group has added a new director in its brokerage services group, the firm announced, marking its second key hire in as many months.

Residential & Mixed Use
Sussex rental property sells for $16.6 million

A private investor has acquired a 134-unit apartment complex in Sussex County, under a newly announced transaction by Gebroe-Hammer Associates.

Hospitality & Tourism
HFF: West Orange buys country club property for $11.1 million

The township of West Orange has acquired a nearly 138-acre golf course property within its borders, under an $11.1 million transaction arranged by HFF.

Deals
NAI Hanson inks sale of Fairfield redevelopment site

The new owner of a two-acre redevelopment site in Fairfield is slated to build a medical facility on the parcel, following a sale arranged by NAI James E. Hanson.

Residential & Mixed Use
Investor closes $1.3 million multifamily deal in Orange

A local real estate investment and development firm has expanded its holdings in Orange, acquiring a 12-unit multifamily property for $1.32 million.

Office
Cherry Hill: Law firm acquires 10,700-square-foot office building

A law practice has acquired a nearly 10,700-square-foot office building in Cherry Hill, under a newly completed transaction by Rose Commercial Real Estate.

Retail
Newmark Associates adds longtime broker to lead new retail division

A veteran broker has joined Newmark Associates to lead the firm’s newly formed retail practice.

Industrial
Brooklyn investor acquires 117,000 sq. ft. industrial building in Middlesex

An investment group has acquired a 117,000-square-foot industrial building in Middlesex Borough, under a newly announced transaction by Bussel Realty Corp.

Office
Bidders wanted for Atlantic County office building, Colliers says

An office building near the Atlantic City International Airport is headed to auction, brokers said, offering a combination of value-add potential and cash flow from existing tenants.