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.

Professional Services
Corliss, Ward of Giordano Halleran real estate, land use teams among newest shareholders

Giordano Halleran & Ciesla PC has named two new shareholders in its real estate and land use groups as part of four newly announced promotions on its Red Bank-based team.

Retail
Marcus: 29,000 sq. ft. strip center in Middletown trades for $5.8 million

A private investor has acquired more than 29,000 square feet of renovated retail space on Route 35 for $5.8 million, brokers with Marcus & Millichap announced Wednesday.

Finance & Capital Markets
Kennedy Funding inks $1.7 million land loan for Dominican Republic resort project

Kennedy Funding has closed a $1.7 million land loan to the firm behind a planned luxury resort property in the Dominican Republic.

Professional Services
ESA promotes Lezette to director of client strategies, business development

ESA Environmental Consultants has promoted Christine Lezette to director of client strategies and business development, touting her vital role in the firm’s success since her arrival in 2021.

Industrial
Silver Edge: Trucking firm leases 21,000 sq. ft. in Meadowlands industrial deal

A private trucking company has taken nearly 21,000 square feet of industrial space in Carlstadt, in a newly announced deal by Silver Edge Real Estate.

Industrial
Newmark team sees strength ahead after closing $1.1 billion in industrial sales in 2024

Newmark is hailing a banner year and strong momentum for its Rutherford-based industrial capital markets team, following several high-profile deals and some $1.1 billion in total transaction volume.

Office
Onyx, Cushman tout lease-up of new-look 350,000 sq. ft. office building in Paramus

Onyx Equities has leased up a 350,000-square-foot office building in Paramus, following a renovation that began in 2020 and a marketing push led by Cushman & Wakefield.

Industrial
Eastern Torque Services takes 13,000 sq. ft. at new Hillsborough facility, Zimmel says

An industrial equipment repair company has leased more than 13,000 square feet at a newly developed building in Hillsborough, in a deal arranged by Zimmel Associates.

Retail
Marcus: DeVimy Equities sells 86,000 sq. ft. Morris Marketplace to Last Mile Investments

DeVimy Equities has sold nearly 86,000 square feet of newly built retail space outside Morristown, brokers with Marcus & Millichap announced last week.

Office
JLL: Bergman inks 60,000 sq. ft. in flurry of leases at refreshed Princeton office building

Bergman Real Estate Group is reaping the benefits after upgrading a Princeton-area office building, having leased more than 60,000 square feet at the property over the past 12 months.