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.

Office

New Jersey office market gains traction in Q1 amid Class A leasing, shrinking supply

Demand for high-end office space in New Jersey is going strong, providing added momentum as developers continue to raze obsolete buildings to make way for higher and better uses.

Professional Services

Babineau named senior counsel, special projects, in new role with Wilentz

Esteemed real estate and redevelopment attorney Anne Babineau has a new role with Wilentz Goldman & Spitzer PA, one that will allow her to bring her expertise to a select group of clients and projects where the impact will be the greatest.

Industrial

Eight-acre low-coverage industrial site in Somerville trades for $14.8 million, BCREG says

Private investors have acquired an eight-acre low-coverage industrial property in Somerville for nearly $14.8 million, in a deal arranged by The Boniakowski Commercial Real Estate Group.

Professional Services

Newmark Associates bolsters brokerage team, adds Papasso as senior vice president

Newmark Associates has welcomed veteran broker Fred Papasso as a senior vice president and member of its leadership team.

Office

CPN: Longtime Pilates studio among several new tenants at new-look Hopewell office building

The owner of an updated commercial building in Hopewell has secured several new leases, in a series of transactions arranged by Commercial Property Network Inc.

Office

Triumvirate Realty sells updated 129,000 sq. ft. office building in West Orange for $17 million

Investors have sold a more than 129,000-square-foot office building in West Orange for $17 million, in a newly announced deal by Cushman & Wakefield.

Retail

RIPCO: Paramount, Cayre land new anchor leases to help reposition Toms River retail center

The owners of a Toms River shopping center have secured leases with Sprouts Farmers Market and Boot Barn, adding two anchor tenants to help advance a substantial update of the site.

Remembering WCRE’s Evan Zweben, beloved broker and family man who ‘always showed up’

Wolf Commercial Real Estate is mourning the loss of Evan Zweben, a trusted broker and fixture in the South Jersey commercial real estate community.

Deals

Boutique apartment, commercial property in Long Hill sold for $915,000, Deluccia says

A mixed-use building in Long Hill Township has traded for $915,000, in a newly announced transaction by Deluccia Commercial Group.

Industrial

Hertz signs new lease for 10.4-acre industrial parcel in Newark, Blau & Berg says

Hertz Corp. has signed a new lease in Newark at a site that serves as a key location for its car and box truck rental services, brokers with The Blau & Berg Co. announced this week.