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
Livingston retail center trades for $5.9 million, Marcus says

A private investor has acquired a 7,840-square-foot retail property in Livingston, in a $5.9 million deal announced Tuesday by Marcus & Millichap.

Office
C&W: Pharma driving New Jersey office leasing in 2018

Teva Pharmaceuticals isn’t the only life sciences company to impact New Jersey’s office market this year, as several others have inked sizable leases to expand or upgrade their space.

Industrial
Profeta acquires Sherwin-Williams distribution center in Florida

Paul V. Profeta & Associates has expanded its out-of-state portfolio with the acquisition of a 362,000-square-foot, triple-net-leased industrial complex in Central Florida.

Retail
Bank takes ex-restaurant space in Sayreville, Goldstein Group says

Chase Bank has leased more than 3,500 square feet in Sayreville, where it is taking the location of a former chain restaurant off Route 9.

Office
JLL: Transit hub office clusters still shine, despite 2017 hiccup

For all of the appeal of having office space near a train station, eight of New Jersey’s best-known “transit hub” submarkets took a collective step back in 2017, although they continue to stand apart from the state’s suburban highway corridors.

Professional Services
LAN announces promotions in engineering, marketing

LAN Associates has made three promotions within its management team, including two within its engineering department and another in marketing.

Industrial
Newmark: Livingston flex building fully leased

Newmark Associates is touting the lease-up of a newly built, 41,250-square-foot flex industrial building in Livingston.

Retail
Martial arts school acquires Florham Park bank building, NAI Hanson says

A former bank building in Florham Park will be the new home of a martial arts school, following a sale arranged by brokers with NAI James E. Hanson.

Professional Services
Heller: Avison Young eyeing continued growth in New Jersey

Avison Young has not looked back since entering New Jersey with a splash in 2012 — and the real estate services firm has its sights set on continued growth in the state. 

Hospitality & Tourism
Bell Works names operator for rooftop hotel, conference space

Somerset Development has tapped an international hospitality brand as its operator for a planned rooftop hotel at Bell Works, the landmark mixed-use complex in Holmdel.