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

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.

Industrial

New Jersey industrial leasing jumps in Q1 as top-tier tenants return (in search of top-tier space)

Blue-chip tenants are coming back to New Jersey’s industrial market, boosting lease activity to start the year as occupiers search for higher-end warehouse and logistics space.

Professional Services

Bryan, Shuffler join forces for new public affairs, communications firm

Policy and public relations experts Dan Bryan and Eric Shuffler have launched Resolve Strategic Communications, a full-service agency serving the public, private and nonprofit sectors.

Office

Vacant 5,600 sq. ft. office building in Englewood Cliffs fetches $1.8 million, Kislak says

A private buyer has closed on a vacant 5,600-square-foot office building in Englewood Cliffs, in a newly announced deal by The Kislak Co. Inc.

Industrial

Denholtz cracks top 10 in national small-bay industrial ranking

Denholtz, the Red Bank-based investment manager, is gaining notice for its growing portfolio of small-bay industrial space.

Residential & Mixed Use

Newest ‘Centurion’ project in Union Township hits 65 percent leased, developer says

Landmark has welcomed the latest crop of renters to Centurion Union Center, its fast-growing mixed-use district in Union Township.