A real estate firm has acquired an 11,500-square-foot office building in Maplewood that it now plans to repurpose as a headquarters medical facility, according to brokers involved in the deal.
A freestanding retail building in North Brunswick has changed hands among private investors, in a nearly $1.2 million sale brokered by Marcus & Millichap.
A private investor has paid nearly $2.5 million for a 21,600-square foot office building along Route 3 in Clifton, according to brokers with Marcus & Millichap.
Saddleback Real Estate Developers has added to its fast-growing industrial portfolio with the acquisition of a 23,200-square-foot building in Fairfield.
The operator of an adult day care center has leased a 12,000-square-foot building in Carlstadt, according to brokers with Team Resources.
An e-commerce toy and clothing distributor has leased 12,500 square feet at a warehouse and flex building in Fair Lawn, according to NAI James E. Hanson.
Vision Real Estate Partners has leased nearly 20,000 square feet to an insurance firm at its newly acquired office building in Morristown, the largest among several recent deals announced by the firm.
NAIOP New Jersey unveiled three Deal of the Year awards at its annual gala, which also honored two late industry icons, Arthur Greenbaum and Caren Franzini. The program also recognized three of the state’s leading service firms — JLL, Biggins Lacy Shapiro & Co. LLC and Hollister Construction — before a packed house at The Palace at Somerset Park in Franklin.
A developer has sold an 8,020-square-foot Family Dollar property in Essex County for just over $2 million, according to Marcus & Millichap.
No matter the asset class, commercial real estate in New Jersey is changing in a big way.
That was the message of industry leaders earlier this week as some 350 owners, brokers and other professionals gathered for the annual Developer’s Night hosted by IOREBA, or the Industrial and Office Real Estate Brokers Association.