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
7-Eleven commits to new store in Denville, Zoltek says

A new 7-Eleven store will take over the former site of an auto repair shop in Denville, following a lease arranged by Zoltek Realty.

Industrial
Woodmont sells 104,000 sq. ft. Meadowlands warehouse

The industrial arm of Woodmont Properties has sold a 104,000-square-foot warehouse in Moonachie, whose new owner is now planning a major renovation at the building.

Retail
Bagel, fruit bowl shops lease space at Aberdeen train station project

Two food operators are coming to a new mixed-use development near the Aberdeen train station, following recent leases brokered by Pierson Commercial.

Government & Public Policy
New EDA incentive aimed at spurring projects, research near N.J. colleges

Businesses that locate near New Jersey’s colleges and universities and form research partnerships with the institutions can now qualify for enhanced tax credits under the Grow New Jersey program, the state Economic Development Authority said Thursday.

Office
Upgrades coming to Woodcliff Lake office building (UPDATED)

An investor is launching a multimillion-dollar renovation of a Bergen County office building, following its recent purchase of the property from Mack-Cali Realty Corp.

Residential & Mixed Use
Denholtz, a leader in value-add commercial projects, also returning to residential

Now in its 65th year in business, Denholtz Associates has continued its longtime focus on value-add office and industrial projects. But it’s also marking a return to its roots, with a pipeline that includes new residential construction for the first time in decades.

Professional Services
New sales associate joins NAI Hanson

NAI James E. Hanson has expanded its brokerage team in Parsippany with the hiring of a new sales associate.

Office
Zimmel touts 45,300 sq. ft. in leases at Raritan Center

A global insurance firm has leased 35,000 square feet at an Edison office building, in one of four recent transactions announced by brokerage firm Zimmel Associates.

Government & Public Policy
Connell Foley real estate attorney serving on Murphy transition team

A top real estate attorney at Connell Foley is among those advising the transition team of Gov.-elect Phil Murphy, who will be sworn in next month.

Office
P3 Properties acquires Morris Corporate Center III in Parsippany

A real estate investment firm has added to its growing office portfolio in the state, acquiring a piece of the well-known Morris Corporate Center campus in Parsippany.