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.

Finance & Capital Markets
Normandy refinances Princeton-area office building for $14.5 million, HFF says

The owner of a 114,000-square-foot office building just outside Princeton has refinanced the property for $14.5 million, brokers with HFF said Wednesday.

Government & Public Policy
EDA: Consumer products testing firm buys longtime leased facility in Essex County

A business that tests consumer products has acquired a 44,000-square-foot facility in Essex County that it had been leasing for 20 years, thanks in part to a small business loan program offered by the state Economic Development Authority.

Office
Sanzari renews, extends 11,000 sq. ft. lease with marketing firm in Hasbrouck Heights

A marketing firm has renewed its lease for nearly 11,000 square feet at a Hasbrouck Heights office building, according to landlord Alfred Sanzari Enterprises.

Retail
NAI Hanson inks 2,200 sq. ft. lease with nurse staffing firm

A nursing staff company has leased 2,200 square feet of retail space in Bergenfield, in a transaction brokered by NAI James E. Hanson.

Office
Cherry Hill office building sells for $2.8 million

An investor is the new owner of a 22,000-square-foot office building in Cherry Hill, following a $2.8 million sale arranged by brokers with Markeim Chalmers Inc.

Professional Services
Tapping into technology: Virtual, augmented reality providing new frontier for design firm

Rotwein + Blake is hoping to tap into the next wave of innovation in the design of commercial real estate: virtual and augmented reality. The Livingston-based architecture firm is now hoping to integrate the technology into its practice going forward, seeing it as a tool that can both enhance the design process and create additional value for its clients.

Retail
New retailers commit to downtown Englewood, Ripco says

Seven retailers have signed leases in downtown Englewood, committing to more than 26,000 square feet in total under a series of deals announced by Ripco Real Estate.

Industrial
Saddleback touts 8,200 sq. ft. industrial lease in Edison

Saddleback Real Estate Developers has inked an 8,200-square-foot industrial lease at a building in the Raritan Center section of Edison.

Residential & Mixed Use
Kislak brokers $3.2 million, 27-unit apartment sale in Jersey City

An investor has acquired two Jersey City apartment buildings with a combined 27 units, in a $3.2 million sale brokered by The Kislak Co. Inc.

Retail
New owner of Toms River shopping center taps LMC as leasing, managing agent

After acquiring a 120,350-square-foot shopping center in Toms River, a joint venture has tapped Levin Management Corp. to oversee leasing at the property.