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.

Professional Services
Gensler grows workplace strategy team in New Jersey office

Global architecture firm Gensler has added to its team in New Jersey with the hiring of a new strategist in its Morristown office.

Finance & Capital Markets
Pricing power: A look at recent investment sales in New Jersey’s industrial market

Industrial space has become a favored asset class among institutional investors in New Jersey, even if high-profile opportunities are few and far between. Here is a sampling of industrial deals from the past 12 months that show just how fierce the competition has become.

Industrial
New lease structures, longer terms take hold in N.J. industrial market

Among the many changes that have come to New Jersey’s industrial market — especially those that have rallied investors — Rob Kossar points to the differences in how leases are structured.

The Rundown
KPMG mulling another expansion in Montvale, report says

Less than six months after starting construction on a new technology center in Montvale, KMPG LLP reportedly is seeking to expand its footprint in the borough once again.

Professional Services
Greenbaum Rowe hires new attorneys in real estate, environmental groups

Greenbaum, Rowe, Smith & Davis LLP has added to its real estate and environmental practices with the hiring of two new attorneys.

Office
Colliers: Workout supplements firm relocating to Newark

A bodybuilding and weight loss solutions company has subleased 11,200 square feet at Robert Treat Center in Newark, according to brokers with Colliers International Group.

Industrial
Saddleback inks 14,000 sq. ft. industrial lease in Rockaway

A beauty products company has leased nearly 14,000 square feet at a Rockaway industrial building, according to property owner Saddleback Real Estate Developers.

Office
At Kearny Point, diversification is key

The wide, light-filled hallways inside Building 78 are lined with glass panels that offer a look into the businesses that have moved into Kearny Point — from a wedding dress designer to a 3D printer to venture capital-backed research labs. All signs point to a project that has succeeded in creating diversity at the 207,000-square-foot flex office space, where the first tenant committed in late 2015.

Industrial
NAI Hanson marketing new 271,000 sq. ft. warehouse in Mahwah

A developer has tapped brokers with NAI James E. Hanson to market a new 271,195-square-foot warehouse under construction along the northern edge of Bergen County.

Retail
CBRE: National furniture, fitness brands to anchor new Union retail center

A well-known furniture brand is set to open later this month at a new shopping center in Union, the first of two national tenants that will anchor the 110,000-square-foot project on Route 22.