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
Team Resources broker promoted to VP

Team Resources Inc. has named a new vice president as a result of a recent promotion within its brokerage team.

Retail
Urgent care set to join Parsippany retail development, takes 4,300 sq. ft.

An urgent care chain is slated to make its debut in New Jersey after signing a nearly 4,300-square-foot lease at a new 150,150-square-foot shopping center in Parsippany.

Industrial
BRC: Distributor signs 41,000 sq. ft. industrial lease in Somerset

A distributor has taken 41,000 square feet of industrial space in the Somerset section of Franklin, in a transaction arranged by Bussel Realty Corp.

Retail
NAI Hanson inks pad site lease for bank branch in New Milford

Wells Fargo is set to occupy a newly built retail branch in New Milford as part of a deal announced Tuesday by NAI James E. Hanson.

Office
Law firm acquires 7,500 sq. ft. Piscataway building, Boniakowski says

A law firm is set to relocate to a newly acquired, 7,500-square-foot building in Piscataway, following a transaction by The Boniakowski Commercial Real Estate Group.

Finance & Capital Markets
New York Life inks $31 million loan for Jersey City office building

Hartz Mountain Industries has landed $31 million in financing for a well-known office building on the Hudson waterfront, thanks to a loan provided by New York Life Insurance Co.

Residential & Mixed Use
Bijou promotes development exec, eyes expansion into Montclair and Morristown

Bijou Properties has announced a key promotion within its ranks as part of a plan to expand beyond its hometown of Hoboken and into markets such as Montclair and Morristown.

Industrial
Team Resources inks 121,000 sq. ft. lease in Mahwah among Q4 deals

A maker of lab supplies has leased 121,000 square feet at a Mahwah industrial building, in one of several year-end deals announced by Team Resources Inc.

Office
NAI Mertz named leasing agent for 112,000 sq. ft. office campus in Cherry Hill

The owner of a 24-building, 112,378-square-foot office campus in Cherry Hill has tapped NAI Mertz to bring new tenants to the property.

Industrial
Wine importer renews at 18,000 sq. ft. HQ, warehouse in Mount Laurel

A wine importer has renewed its nearly 18,000-square-foot lease in Mount Laurel, following a transaction arranged by Rose Commercial Real Estate.