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
New hire bolsters CSG real estate group

Chiesa Shahinian & Giantomasi PC has announced a new addition to its real estate and development practice.

Office
Camden County office building sells for $475,000

An investor has paid nearly $500,000 for a 4,700-square-foot office building in Camden County, in a sale arranged by Markeim Chalmers.

Health Care & Education
Princeton medical building is largest in 1.4 million sq. ft., multistate portfolio sale

A large medical office building near Princeton has changed hands as part of a seven-state, 1.4 million-square-foot portfolio sale announced Tuesday by JLL.

Residential & Mixed Use
HFF brokers $25 million loan for Morristown condo project

Debt brokers with HFF have arranged nearly $25 million in financing for the development of a 58-unit condominium project in downtown Morristown.

Retail
NAI Hanson: CVS coming to vacant industrial site in Little Ferry

CVS Pharmacy has acquired a vacant warehouse in downtown Little Ferry, with plans to raze the building and develop a nearly 16,000-square-foot store in its place.

Retail
Pierson touts fruit bowl, Verizon leases in Middlesex County

A fruit bowl restaurant and a Verizon dealer are among the newest tenants for an area landlord in Middlesex County, following separate leases announced this week by Pierson Commercial.

Office
Report: Leasing slowdown could yield opportunity, stable rents for N.J. office tenants

Tenant brokers with Savills Studley are touting an opportunity for office users in 2018, amid last year’s slowdown in leasing volume and growing availabilities in the state’s top submarkets.

Finance & Capital Markets
Investors Bank touts $2.7 billion in CRE loans in 2017

Multifamily projects in Morristown and Monroe are among the latest developments financed by Investors Bank, contributing to more than $2.5 billion in commercial real estate activity completed by the lender in 2017.

Industrial
Manufacturer acquires, retrofits former BD plant in Totowa

A cosmetics company has retrofitted a former Becton Dickenson plant in Totowa after recently purchasing the building to accommodate its own manufacturing operation.

Retail
Weiss: Newark retail property trades for $1.3 million

A corner retail property in Newark is under new ownership and will soon have a new use, following a $1.3 million sale arranged by Weiss Realty and Pierson Commercial.