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.

Industrial
NAI Mertz: Faropoint adds 60,000 sq. ft. flex industrial building for second Bucks County deal

Faropoint has acquired a 60,000-square-foot flex industrial building in Pennsylvania’s Bucks County, in a newly announced deal by NAI Mertz.

Health Care
Why New Brunswick’s new cancer hospital is personal for Morris family — and so many others

Fittingly so, it was a major construction project that helped pique Jack Morris’ interest when Harvey Holzberg, CEO of Robert Wood Johnson University Hospital, asked him to join the board of the New Brunswick institution. That was a quarter-century ago, as the planned Bristol-Myers Squibb Children’s Hospital was taking shape just west of RWJ’s main campus.

Retail
Infrared sauna workouts coming to Bridgewater strip center with 1,600 sq. ft. lease, BRC says

A specialty fitness business has leased more than 1,600 square feet of highway retail space in Bridgewater, brokers with Bussel Realty Corp. announced Monday.

Industrial
NAIDB: Floor coating distributor buys Union Twp industrial building for $6 million

A floor coating distributor has acquired a 24,000-square-foot industrial building in Union Township for $6 million, in a newly announced deal by NAI DiLeo-Bram & Co.

Health Care
Veteran transaction, property manager Swanson joins Clinical: Medical Real Estate Solutions

Clinical: Medical Real Estate Solutions, the newly launched real estate advisory firm, has added to its team with the hiring of Michael Swanson as director of portfolio transaction management.

Events
‘Spirit of philanthropy’ in full focus as United Way honors Kossar alongside Crow Holdings at Carteret, NEST projects

Nearly 400 commercial real estate leaders came together last week in support of United Way of Northern New Jersey, raising $347,000 as part of a program that honored top industrial broker Rob Kossar along with two high-profile development projects.

People
Saxum promotes Shah, key player in cold storage platform, to vice president of acquisitions

Saxum Real Estate has promoted Sunny Shah to vice president of acquisitions, touting his role in the Summit-based firm’s growing cold storage division.

Office
Wealth management firm leases 7,000 sq. ft. in Metropark, CBRE says

A financial advisory firm has taken 7,000 square feet of office space in Woodbridge’s Metropark district, in a newly announced deal by CBRE.

Industrial
NAI Hanson’s Perkins, Todd win SIOR award for $156 million industrial outdoor storage deal

Two top brokers at NAI James E. Hanson have earned national honors for their role in the more than $156 million sale of a large industrial outdoor storage portfolio in Hudson County.

Industrial
Bain Capital, OSC close $208 million deal for 784,000 sq. ft. North Jersey industrial portfolio

Bain Capital and Oliver Street Capital have acquired an 11-building, 784,000-square-foot industrial portfolio in northern New Jersey for $208 million, the firms announced Thursday.