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
CBRE: Tenant renewals bring ‘sticker shock’ in red-hot N.J. industrial market

Landlords in New Jersey’s industrial market are naming their price when it comes time for tenant renewals, as availability remains at low levels not seen in more than a decade.

Office
Mack-Cali unveils new Jersey City beer garden

In the latest sign of its plans to remake its footprint along the Hudson waterfront, Mack-Cali Realty Corp. has opened the doors to a new beer garden in Jersey City.

Retail
Bridgewater retail center trades for $4.2 million, Marcus & Millichap says

A private investor has paid more than $4 million to acquire a 14,700-square-foot retail center in Bridgewater, in a deal brokered by Marcus & Millichap.

Office
NGKF: Bedminster office tenant takes over full building

A health care information technology firm has extended its lease and expanded its footprint to occupy the entirety of a 64,000-square-foot office building in Bedminster.

People
Pennrose hires new VP in property management

A property management veteran has joined Pennrose to oversee thousands of multifamily units in eastern Pennsylvania and New Jersey, the company said Friday.

Office
JLL: Life sciences firm inks new 47K sq. ft. lease in Princeton

A life sciences company is relocating within the Princeton submarket and will occupy a 47,000-square-foot office building in the Carnegie Center complex, JLL said Thursday.

Industrial
NAI Hanson brokers 126K sq. ft. sale-leaseback in North Bergen

A company has sold and leased back a North Bergen industrial building that houses its manufacturing and distribution business, in a deal brokered by NAI James E. Hanson.

Health Care & Education
Medical office building, mixed-use project land 20K sq. ft. anchor tenant

An orthopedic group will anchor a new 40,000-square-foot medical office building in Gloucester County, following a lease arranged by Markeim Chalmers.

Industrial
Hampshire sells Bergen County flex industrial building

The Hampshire Cos. has sold an 82,524-square-foot commercial building in Northvale to a firm that will take up occupancy at the property alongside an existing tenant.

Office
Prism, C&W launch office leasing at rebranded Roche site

Prism Capital Partners has officially rebranded the former Hoffmann-LaRoche campus in northern New Jersey, while picking Cushman & Wakefield to market the office space that will anchor one of the state’s most high-profile redevelopment projects.