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.

Events
NAIOP unveils 2019 gala honorees, installs new chapter president

NAIOP New Jersey will honor two of the industry’s top players in capital markets and commercial mortgage banking as part of its annual awards gala this spring, where it will also recognize a pair of influential developers and one of the state’s longest-serving mayors.

Industrial
Hampshire details plans for self-storage facility at historic Elizabeth building

A historic armory building in downtown Elizabeth is primed to become a new self-storage facility, under an adaptive reuse plan announced Thursday by The Hampshire Cos.

Industrial
HFF: Avidan, Elberon add 135,000 sq. ft. warehouse in Jersey City

A joint venture has acquired a vacant, 134,500-square-foot warehouse just off the New Jersey Turnpike extension in Jersey City, in a newly announced transaction by HFF.

Retail
Fitness chain inks 16,500 sq. ft. sublease in Union, CBRE says

A new Planet Fitness location is slated to open in Union after subleasing more than 16,000 square feet in the township, brokers with CBRE announced Thursday.

Industrial
NAI Hanson: HVACR wholesaler takes 13,600 sq. ft. in Cranbury

A heating and cooling supply wholesaler is expanding its footprint in New Jersey with a new 13,600-square-foot lease in Cranbury, real estate services firm NAI James E. Hanson said.

Office
Hollister completes build-out for office, co-working firm in Short Hills (SLIDESHOW)

Hollister Construction Services has taken the wraps off a new build-out at a Short Hills office building, where a co-working and office space provider has taken 16,000 square feet.

Deals
Ironside Newark draws second law firm tenant

A rendering of the office space at Ironside Newark — Courtesy: Edison Properties By Joshua Burd Edison Properties has attracted another law firm to its adaptive reuse project known as Ironside Newark, inking a 4,000-square-foot lease with a boutique litigation…

Office
Avison Young named leasing agent at Cedar Knolls office building

The owner of a 119,000-square-foot office building in Cedar Knolls has tapped Avison Young as its leasing agent, with plans to complete a series of upgrades in the coming months.

Finance & Capital Markets
Rockaway retail center refinances for $10 million, JLL says

The owner of an 89,000-square-foot shopping center in Rockaway has refinanced the property for $10 million, brokers with JLL announced Wednesday.

Residential & Mixed Use
Gebroe-Hammer bullish on 2019 after $1.1 billion year

Gebroe-Hammer Associates is touting more than $1 billion in completed transactions in 2018, setting up for what it says will be a fruitful year for multifamily investment sales.