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.

Office
Co-working space coming to 2 Gateway in Newark

The owners of 2 Gateway Center in Newark have carved out a new 2,000-square-foot co-working space, part of an effort to bring a diverse mix of uses to its bustling concourse.

Office
Normandy, Yeager tout new leases at Summit office building

Developers have brought an office building in downtown Summit to full occupancy within a year of acquiring and starting renovations on the 128,000-square-foot property.

Retail
Veteran retail broker Nicholson joins R.J. Brunelli sales team

R.J. Brunelli & Co. LLC has hired Peter Nicholson as a senior sales associate.

Office
Cushman & Wakefield brokers $5.7M office sale in Montvale

A major accounting firm plans to renovate a 60,000-square-foot office building in Montvale after acquiring the property for $5.7 million, Cushman & Wakefield said.

Finance & Capital Markets
Colliers brokers $63M sale of Hackensack office complex

A joint venture has paid $63 million to acquire the Continental Plaza office complex in Hackensack, in a deal orchestrated by brokers with Colliers International.

Office
SJP Properties leases 115K sq. ft. to telecom solutions firm

SJP Properties has inked a new 115,000-square-foot lease with iconectiv, a data infrastructure and messaging solutions firm, at the developer’s Somerset Corporate Center in Bridgewater.

Deals
San Francisco REIT acquires Franklin industrial building

Terreno Realty Corp. has acquired a small industrial property in Franklin for $9.1 million.

Finance & Capital Markets
HFF brokers $147M sale of N.Y. multifamily property

A brokerage team from HFF’s New Jersey office has closed the $147 million sale of a 504-unit apartment community in nearby Rockland County, New York.

Industrial
Tulfra hires NAI Hanson to manage 11 buildings

NAI James E. Hanson has added to its property management division with an 11-building, 670,000-square-foot portfolio owned by Tulfra Real Estate.

Retail
R.J. Brunelli named broker at four central N.J. properties

Retail broker R.J. Brunelli & Co. LLC has landed four new assignments in central New Jersey, including new retail sites in Middlesex and Somerset counties and an existing shopping center in Freehold.