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.

Retail
AutoZone ground lease in Irvington sells for $3.9 million, Marcus says

A developer has sold the ground lease for an 8,000-square-foot net-leased retail property in Irvington, in a nearly $4 million deal arranged by Marcus & Millichap.

Retail
Colliers: Investor buys 125,000 sq. ft. Robbinsville retail center

An out-of-state investor has acquired a 125,295-square-foot shopping center in Robbinsville, following a three-month marketing effort by Colliers International and Ten-X.

Office
Private equity, real estate firms moving to Sanzari campus in Teaneck

Two companies are relocating to Alfred Sanzari Enterprises’ flagship Glenpointe campus in Teaneck, where they are taking a combined 7,300 square feet.

Top News
Stockton’s plan to buy Atlantic Club falls through, reports say

Stockton University’s plan to purchase the former Atlantic Club Casino Hotel has fallen through, marking the latest setback for the Atlantic City property more than four years after it closed its doors.

Professional Services
Transwestern moving, expanding New Jersey office in Morris County

Transwestern is on the move in New Jersey, announcing plans to grow its footprint and shift its operations from Parsippany to Florham Park.

Professional Services
Ware Malcomb announces new lead architect in New Jersey, New York

Ware Malcomb has named a new leader of its architecture practice in New Jersey and New York.

Finance & Capital Markets
Hackensack lender debuts new $1 million to $12 million loan program for real estate

Silver Arch Capital Partners has launched a new special loan program that it says will offer lower rates for income-producing real estate.

Office
Denholtz inks 15 leases at South Plainfield business park

More than a dozen companies have combined to lease 40,000 square feet in South Plainfield, where Denholtz Associates has renovated a six-building, 140,000-square-foot business park.

Office
CRG unveils new-look Parsippany office building

A landlord has completed $3 million in upgrades at a 36,000-square-foot office building in Parsippany, including a new glass façade and atrium that have modernized the property.

Editor’s Note
Metaphorically speaking

As you’ll read in this month’s cover story, Vision Real Estate has thrived with what it describes as “an assembly line mentality” for transforming old corporate campuses, with the right mix of creativity and capital and a full-service, in-house team that has landed some of the state’s most coveted tenants. It’s now building on that track record with other high-profile projects in Morris County and a growing list of value-add investments across northern and central New Jersey.