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
Decisive action: How officials in Englewood Cliffs moved to land Samsung as town’s newest corporate tenant

Samsung Electronics America’s expansive new headquarters isn’t just a successful move for the global electronics giant. It’s also a win for Englewood Cliffs, which acted quickly to lure the company to the space vacated by Unilever.

Events
Join us Dec. 9 for The State of Redevelopment: Multifamily and Mixed-Use

Hear the latest in development, tenant demand and other trends in warehouse and logistics space.

Professional Services
Land use, redevelopment attorney Silbert joins MSW as counsel

Murphy Schiller & Wilkes LLP has bolstered its land use, zoning and redevelopment team with the addition of Michael E. Silbert as counsel.

Office
New office leases in Denville, Millburn among latest deals by RRNNJ

Woodmont Properties has secured a new tenant for a highway office building in Denville, in one of two newly announced deals by Resource Realty of Northern New Jersey.

Industrial
CBRE: Silverman, FDA-approved packaging company ink 114,000 sq. ft. renewal in Randolph

The Silverman Group has signed a nearly 114,000-square-foot lease renewal in Randolph with a specialty packaging company for the health care and food and nutrition industries.

Residential & Mixed Use
Harrison property with six rentals, retail space trades for $1.1 million, Cervelli says

An investor has purchased a six-unit apartment building with retail space in Harrison for $1.11 million, according to a team with Cervelli Real Estate & Property Management.

Professional Services
Katz & Associates adds Zimmerman as senior vice president for investment sales

Longtime broker Michael Zimmerman has joined Katz & Associates to expand the Englewood Cliffs-based firm’s investment sales business.

Industrial
Freight forwarding, logistics firm takes 89,000 sq. ft. in Raritan Center, Lee & Associates says

Summit Associates Inc. has landed a tenant for a nearly 89,000-square-foot industrial building in Edison, brokers with Lee & Associates – WBE New Jersey announced Thursday.

Office
JLL: Buyer wanted for newly updated 134,000 sq. ft. office building in Piscataway

The owner of a nearly 134,000-square-foot office building in Piscataway is looking to sell the property after a multiyear, $3.2 million renovation that helped bring it to 95 percent occupancy.

Industrial
CHS Property fills Linden industrial park with new 50,000 sq. ft. lease, BRC says

A seven-building, 208,000-square-foot industrial complex in Linden is fully leased after a recent 50,000-square-foot deal, according to a brokerage team with Bussel Realty Corp.