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.

Industrial

Tulfra, Hampshire ink 204,000 sq. ft. lease at repositioned Clifton building

A joint venture has leased 204,000 square feet in Clifton to a well-known bakery business, in the completion of its effort to redevelop a 50-year-old manufacturing plant into new industrial space.

Rutgers announces 2017 advisory board members

The Center for Real Estate at the Rutgers Business School has unveiled its 2017 advisory board and council of emerging leaders, adding to a roster that has come to include dozens of industry heavyweights and top professionals in New Jersey.

HFF’s midyear 2017 industrial capital markets brief

From an equity markets perspective, demand for industrial product continues to be strong with institutions and private funds that are underweight in northeast industrial properties. The reason we are not seeing more activity is because there has been — and continues to be — a lack of quality offerings in the most sought after markets from the Meadowlands down along the Interstate 95/Turnpike Corridor to Exits 8A/7A.

Retail

Howell retail center welcomes burger chain, LMC says

A burger franchise is relocating to a 3,400-square-foot space inside a Howell shopping center, following a deal orchestrated by Levin Management Corp.

Industrial

Hartz completes new service facility at former Kearny landfill site

Hartz Mountain Industries and Cummins Inc., a global engine maker and power company, have completed a new 57,000-square-foot facility in Kearny, marking a milestone in a complex, long-running effort to redevelop a former landfill in the Hudson County town.

Office

Roseland office building sold for $16.7 million

A special servicer has sold a roughly 280,000-square-foot office building in Roseland for $16.7 million, according to brokers with CBRE Group Inc. who marketed the property.

People

Former financial analyst joins NAI Hanson as sales associate

NAI James E. Hanson has bolstered its sales team with the addition of a new associate in its Hackensack office, the real estate services firm said Thursday.

Industrial

Somerset flex building sells for $6.25 million, Marcus & Millichap says

A vacant 67,000-square-foot flex building in Somerset County has traded for $6.25 million, in a deal brokered by Marcus & Millichap’s New Jersey office.

Industrial

Blau & Berg: Event firm joins roster at new industrial development in Secaucus

An event production company has committed to more than 14,000 square feet at a distribution center now under construction in Secaucus, The Blau & Berg Co. said Thursday.

Office

Bell Works adds flavor, fragrance developer to tenant mix

A flavor and fragrance creator is the latest tenant to commit to the newly imagined Bell Labs complex in Holmdel, where it has leased 60,000 square feet for a new creative hub.