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.

Government & Public Policy
Ex-CRDA official tapped for Newark economic development post

The former head of the state Casino Reinvestment Development Authority is joining Newark City Hall, where he will serve in a newly created position tied to economic development.

Industrial
NAI Hanson: Clothing distributor leases 14,300 sq. ft. in Hackensack

A clothing distributor is relocating to a Hackensack industrial building, where it will occupy more than 14,000 square feet with the potential for expansion.

Residential & Mixed Use
Developer sells Wood-Ridge apartments after 40 years

The original developer of a 22-unit apartment complex in Wood-Ridge has sold the property after four decades, in a $4.1 million deal brokered by The Kislak Co.

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.