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.

Professional Services
NAI Hanson inks sale of 170-acre tract in Pohatcong

A regional bank has sold a 170-acre parcel in Warren County, where three buyers are now weighing a range of potential uses.

Retail
Physical therapy practice opens in Clark retail center, Denholtz says

A physical therapy group has opened a nearly 2,800-square-foot facility in Clark, the latest addition to a new retail center developed by Denholtz Associates.

Industrial
CBRE: Online returns, ‘reverse logistics’ fuel added demand for industrial space and 3PLs

The e-commerce explosion has fueled a surge in online returns — especially during the holiday season — driving additional demand for industrial space in New Jersey and nationally.

Industrial
Investment firm buys 46,000 sq. ft. Burlington warehouse, Mertz says

An industrial owner has expanded its holdings in southern New Jersey, acquiring a 46,000-square-foot warehouse in Burlington Township.

Retail
RKF named leasing agent for Maxwell’s in Hoboken

The owner of a landmark music venue and restaurant in Hoboken has hired RKF to market the property to prospective new tenants.

Finance & Capital Markets
Procida inks $7 million loan for Bergen banquet hall

Procida Funding & Advisors has provided a $7 million loan for a Bergen County catering hall to consolidate existing debt and complete minor upgrades.

Office
WCRE brokers sale of Cherry Hill office building

A freestanding medical office building in Cherry Hill has changed hands, following a sale arranged by Wolf Commercial Real Estate.

Professional Services
For LSRPs, a steady pipeline for years to come

Michael Novak, president of Atlantic Environmental Solutions Inc. in Hoboken — Courtesy: AESI The Licensed Site Remediation Professional program has undoubtedly eased the state’s backlog of contaminated sites. In the years to come, that volume could be a fraction of the…

Government & Public Policy
Hampshire acquires Hackensack site, its first Opportunity Zone investment

The Hampshire Cos. has made its first investment under the federal Opportunity Zone program, acquiring a parcel near Hackensack University Medical Center that it will redevelop as part of a joint venture.

Residential & Mixed Use
East Orange developer details plans for 201-unit apartment tower

A developer is on track to break ground on a new 18-story luxury residential tower in East Orange after winning approval for a payment in lieu of taxes agreement.