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.

Office
Prism: Fragrance maker acquires Parsippany building as part of HQ move

Prism Capital Partners has sold a 102,000-square-foot office building in Parsippany to a global fragrance and flavor company, allowing the business to relocate its U.S. headquarters to the property.

Finance & Capital Markets
Hartz warehouse properties secure nearly $25 million in financing, Wilcox says

G.S. Wilcox & Co. has arranged $24.7 million in financing across two transactions for Hartz Mountain Industries, the Morristown-based mortgage banking firm announced.

Industrial
NAI Hanson sells industrial, flex space for longtime client in Elmwood Park

The longtime owner of an industrial and flex portfolio in Elmwood Park has sold one of the buildings, in a deal arranged by brokers with NAI James E. Hanson.

Retail
LMC named retail leasing agent for new mixed-use Madison project

The developers of a new mixed-use project in downtown Madison have hired Levin Management Corp. to oversee leasing for a 4,300-square-foot retail and restaurant component at the site.

Office
Sheldon Gross inks deals for chiropractor, bus company in West Orange

West Orange-based Sheldon Gross Realty Inc. has brokered two new leases in its hometown, including one that has brought a new business to the community.

Residential & Mixed Use
Jersey City apartment tower, Airbnb ink region’s first home-sharing partnership

The developer of a new Jersey City rental tower has inked a partnership with Airbnb, allowing residents to rent out their apartments through the home-sharing site on a limited basis.

Residential & Mixed Use
Investor interest rising in Newark apartments, Gebroe-Hammer says

Three apartment buildings with a total of 95 units in Newark have traded for a combined $6.53 million, following deals arranged by brokers with Gebroe-Hammer Associates.

Professional Services
Longtime sales, planning professional joins Newmark

Newmark Associates has announced the hiring of a new broker, who is making the jump from residential to commercial real estate.

Office
Colliers: Iconic mustard brand French’s recommits to Morris County HQ

French’s Food Co. has inked a long-term renewal for its global headquarters at a 32,000-square-foot office building in Chester, Colliers International Group Inc. said Friday.

Office
Sanzari announces renewal at Hasbrouck Heights office building

A software firm has recommitted to its 12,400-square-foot space at a Hasbrouck Heights office building, according to landlord Alfred Sanzari Enterprises.