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
JLL: Fully leased 204,000 sq. ft. office building in Parsippany on the market for sale

A real estate investment trust is looking to sell a nearly 204,000-square-foot office building in Parsippany, where brokers are touting an upscale work environment with reliable cashflow.

Retail
RIPCO inks $2.3 million sale of Citizens branch in Hillside, lists another in New Providence

A private investor has purchased the site of a Citizens Bank branch in Hillside for more than $2.3 million, in a newly announced deal by RIPCO Real Estate.

Top News
Saxum marks $800 million in new investments, $650 million in recent groundbreakings

Saxum Real Estate is touting a flurry of recent deals and construction activity, including more than $800 million in investments and $650 million in groundbreakings.

Office
New leases, renewals at Pennington office building total 3,700 sq. ft., CPN says

The owner of a Pennington office building has signed two new leases and two renewals totaling nearly 3,700 square feet, in a series of deals arranged by Commercial Property Network Inc.

Residential & Mixed Use
C&W: Legacy owners sell 519-unit apartment portfolio in Bergen, Hudson for $94 million

A family ownership group has sold a 519-unit apartment portfolio in Bergen and Hudson counties for $94 million, in a deal arranged by Cushman & Wakefield.

Industrial
Mortimer named senior vice president, investment officer with Prologis New Jersey team

Prologis Inc. has promoted Read Mortimer to senior vice president and investment officer for the New Jersey market, the real estate investment trust announced Thursday.

Industrial
KRE taps CBRE to sell or lease planned four-building, 345,000 sq. ft. industrial park in Ewing

KRE Group has teamed with CBRE to secure a buyer or tenants for more than 345,000 square feet of new flex and warehouse space that it’s set to construct in Ewing.

Residential & Mixed Use
Alpine Residential tops out 500-unit ‘Scholars Village’ at Jersey City’s Liberty Science Center

Alpine Residential has completed vertical construction for Scholars Village, a project that will bring 500 apartments to the high-profile SciTech Scity development in Jersey City.

Deals
Office, industrial leases in Central Jersey among latest deals by Boniakowski

A financial services firm has leased 1,600 square feet of office space in Branchburg, in one of three newly announced deals by The Boniakowski Commercial Real Estate Group.

Office
Signature: Deals with Lindabury, Regus among 184,000 sq. ft. in Q1 leasing activity

Signature Acquisitions has secured three new tenants at a New Providence office building, including law firm Lindabury, McCormick, Estabrook & Cooper PC, announcing the deals as part of 184,000 square feet of first-quarter leasing activity across its portfolio.