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.

Vantage RES names new executive VP

A commercial real estate services firm has hired a longtime marketing expert as its new executive vice president.

Investor taps Accordia to manage, renovate Elmwood Park office building

Accordia Realty Ventures is set to manage and reposition a 102,000-square-foot office building in Elmwood Park, one of two assignments the firm has taken on behalf an out-of-state investor.

Denholtz inks 14,000 sq. ft. lease for inflatable play center

A new children’s play center is set to open in Piscataway after its operator signed a 13,085-square-foot lease with Denholtz Associates, the commercial real estate firm said.

Prologis, Allied Beverage detail plans for 540,000 sq. ft. distribution center in Elizabeth

Prologis is set to build a new 540,000-square-foot distribution center in Elizabeth as part of a recently signed lease with a major wine and spirits distributor based in the state.

Gebroe-Hammer: South Jersey rental properties fetch a combined $89 million

Investors have paid a combined $89 million for nearly 900 garden apartments in southern New Jersey, under three separate transactions announced this week by Gebroe-Hammer Associates.

Saddleback inks 31,000 sq. ft. lease in Parsippany

Saddleback Real Estate Developers has leased more than 30,000 square feet in Parsippany to a bearing products distributor, the investment and management firm said this week.

NAI Hanson: Large-format printer inks 10,700 sq. ft. lease in South Hackensack

A firm that prints vehicle wraps and other large-format graphics has leased nearly 11,000 square feet of industrial space in South Hackensack, according to brokers with NAI James E. Hanson.

IN THE MOMENT: NAIOP New Jersey’s President’s Awards and Hall of Fame Dinner (SLIDESHOW)

NAIOP’s New Jersey chapter recently hosted a crowd of more than 300 real estate executives and professionals for the association’s annual President’s Awards and Hall of Fame Dinner.

EDA: Mars Wrigley weighing 110,000 sq. ft. lease at Newark project

State officials have approved a 10-year, $31.5 million tax credit to encourage Mars Wrigley to move more than 480 employees to Newark, where it would lease 110,000 square feet at a historic warehouse that is being redeveloped by Edison Properties.

Quest, Ralph Lauren eye projects at ex-Roche campus on Route 3

Quest Diagnostics and Ralph Lauren could be among the newest tenants at the former Hoffmann-LaRoche campus in Clifton and Nutley, now known as ON3, following the approval of $88 million in tax credits to support more than 500,000 square feet of activity at the site.