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
DMR completes design, build-out of construction firm’s HQ

A construction company is now occupying its new 30,000-square-foot headquarters space in Secaucus, following a design and build-out overseen by DMR Architects.

Industrial
Furniture seller inks lease at Carteret distribution center

Bob’s Discount Furniture has been identified as the newly signed tenant at a 360,000-square-foot industrial building in Carteret, one of two deals announced recently by developer Prologis.

Industrial
New owner will convert Totowa pharma building after $11M sale

A buyer has paid $11 million to acquire a pharmaceutical manufacturing building in Totowa, where it now plans to retrofit the space into a warehouse and storage facility.

Office
Livingston office park recapitalized in C&W-brokered deal

The owner of a 385,000-square-foot office complex in Livingston has a new partner at the property after a recapitalization arranged by Cushman & Wakefield, the brokerage said.

Residential & Mixed Use
Hackensack apartments change hands for $6.1M

The Kislak Co. Inc. has arranged the $6.1 million sale of a 40-unit garden apartment complex in Hackensack, marking the second-highest per unit price recorded for such a property in the city.

Industrial
Warehouse sale allows beverage maker to relocate, NAI Hanson says

A beverage company is consolidating from two locations into more than 49,000 square feet in South Hackensack, following a deal arranged by NAI James E. Hanson.

Office
Normandy sells Zoetis HQ building in Parsippany for $44M

A group led by Normandy Real Estate Partners has sold a Parsippany office building for $44 million, following a gut rehabilitation project that attracted a blue-chip pharmaceutical tenant.

Retail
CBRE brokers retail trades totaling $25.5M

Two net leased retail sites in Monmouth and Camden counties have been sold for a total of more than $25 million, in separate deals arranged by brokers with CBRE.

Residential & Mixed Use
Developer opens new senior housing complex in Barnegat

The Walters Group has opened the doors to a new 70-unit age-restricted community in Barnegat, touting a project that was completed less than a year after it closed on the property.

Industrial
NAI Hanson inks 5,000 sq. ft. industrial lease in Englewood

A retail merchandising company has leased 5,000 square feet at an Englewood industrial building, brokerage firm NAI James E. Hanson announced Thursday.