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.

Residential & Mixed Use
Paramount debuts rental project at historic Newark building

Paramount Assets has completed its transformation of a historic commercial building in downtown Newark, delivering 37 new luxury apartments and street-level retail space.

Industrial
Sanzari inks renewal, expansion with construction supplier

A construction supplier has doubled its footprint with Alfred Sanzari Enterprises, leasing a combined 64,042 square feet at two South Hackensack industrial buildings.

Professional Services
NAI Mertz adds two sales associates to Mount Laurel team

NAI Mertz has expanded the brokerage team at its Mount Laurel headquarters with two recent hires, the real estate services firm announced.

Retail
Goldstein Group broker promoted to director

The Goldstein Group has promoted one of its brokers to the position of director.

Top News
UNICOM has bold plans for technology, community hub after acquiring former Merck HQ in Readington

UNICOM, the California-based company that has acquired the former Merck campus in Readington, is doing far more than simply backfilling space at one of New Jersey’s largest stranded assets — with plans to create a dynamic, inclusive technology campus that will attract other tenants and serve as a regional hub for research and innovation.

Office
American Water unveils new 220,000 sq. ft. headquarters in Camden

American Water has opened the doors to its new 220,000-square-foot headquarters in Camden, the first completed piece of a high-profile, billion-dollar redevelopment of the city’s waterfront.

Industrial
BRC: Food company moving from Brooklyn, buys Perth Amboy warehouse

A food company has acquired a 62,000-square-foot industrial building in Perth Amboy as part of a plan to relocate from Brooklyn, brokers with Bussel Realty Corp. announced.

Professional Services
NIA National Realty hires new sales associate

NIA National Realty has expanded its brokerage team with one of its newest hires.

Government & Public Policy
EDA seeking applications for grant program for ailing office, retail buildings

The state Economic Development Authority is accepting applications for a new grant program aimed at helping municipalities and counties find solutions for vacant or underused commercial properties within their borders.

Retail
Marcus inks $2 million sale of Wyckoff strip center

A private investor has sold a nearly 10,300-square-foot strip center in Wyckoff for $2 million, brokers with Marcus & Millichap announced Tuesday.