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.

Finance & Capital Markets
HFF: Accordia recaps, buys out partner at Fairfield office building

A longtime partner in a Fairfield office building has assumed full ownership, thanks in part to more than $27 million in financing arranged by brokers with HFF.

Retail
NAI Hanson inks sale of office, retail property in downtown Montclair

An investor has acquired a nearly 3,500-square-foot office and retail building in downtown Montclair, under a transaction arranged by NAI James E. Hanson.

Retail
Pierson completes new leases with Mexican, falafel chains

Three fast casual restaurant chains are expanding their reach in New Jersey as part of several newly announced leases by Pierson Commercial.

Residential & Mixed Use
Hornrock names new head of construction for $400 million multifamily pipeline

Hornrock Properties has hired a veteran construction executive to oversee the build-out of its growing multifamily pipeline in New Jersey.

Residential & Mixed Use
NJCU lures prestigious dance school, doubles apartment total at Jersey City arts project

A development team has doubled the number of apartments previously slated for a new performing arts complex on Jersey City’s west side, where New Jersey City University has now partnered with a world-renowned dance school that will relocate from Manhattan by 2021.

Office
Seiko sells, leases back 140,000 sq. ft. office building in Mahwah

The parent company of Seiko watches and other products has sold its 140,420-square-foot headquarters facility in Mahwah, brokers with CBRE announced Monday.

Professional Services
Savills Studley names new corporate managing director in New Jersey

Savills Studley has added to its New Jersey brokerage team with the hiring of a new corporate managing director.

Retail
Vantages RES: Home remodeler finds new showroom, satellite office in Mount Laurel

A home remodeling company is expanding and has taken space at a Mount Laurel shopping center, under a newly announced lease by Vantage Real Estate Services.

Retail
Café, community space takes 4,000 sq. ft. in Montclair

A new operator of community space has leased 4,000 square feet in Montclair, under a newly announced transaction by The Boniakowski Commercial Real Estate Group.

Residential & Mixed Use
Massive project by Ironstate, Panepinto has anchored a revival in Jersey City neighborhood

Over the past 15 years, Panepinto Properties and Ironstate Development have transformed an entire block in the heart of downtown Jersey City, delivering three towers with nearly 1,500 apartments, along with a 152-key hotel, a 1,000-space parking garage and street-level retail space along Columbus Drive. In the process, they have anchored the resurgence of a neighborhood just a few blocks from the Hudson River, paving the way for other projects in the booming multifamily submarket.