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
Bussel brokers 10,600 sq. ft. industrial lease in Edison

An international trading firm has leased 10,608 square feet of industrial space in the Raritan Center section of Edison, in a deal brokered by Bussel Realty Corp.

Office
Biotech startup commits to former Roche campus in Nutley, reports say

A biotech firm has reportedly opted to move its headquarters from Brooklyn to a piece of the former Hoffmann-LaRoche campus in Nutley, following the approval of a $32.3 million state tax credit aimed at luring the company to New Jersey.

Industrial
Firms acquire 245,000 sq. ft. Paterson industrial building

A joint venture has acquired a fully leased, 245,000-square-foot industrial building along Interstate 80 in Paterson, the firms announced this week.

Professional Services
Architecture firm completes redesign of county college media center

A library at the Essex County College campus in Newark is reopening this month as a modern media center and student lounge, following a project designed by an area architecture firm.

Retail
LMC announces Jersey City lease with indoor playground

An indoor playground operator has leased 14,000 square feet at a Jersey City shopping center, Levin Management Corp. announced recently.

Industrial
Terreno buys Newark industrial sites for nearly $30 million

An industrial real estate firm has expanded its New Jersey holdings by acquiring two sites in Newark for a combined $29.5 million, according to the buyer and brokers involved with the deal.

Residential & Mixed Use
Madison Realty brokers $77 million in multifamily sales

An area brokerage firm has arranged more than $77 million in recent multifamily property sales in Monmouth, Ocean and Atlantic counties.

Retail
RKF touts 23,000 sq. ft. of retail leasing in downtown Summit

A high-end furniture store and a California-based home décor chain are among the newest retailers in downtown Summit, following a series of leases brokered by RKF.

Office
Law firm leases 2,325 sq. ft. at Hackensack complex

Alfred Sanzari Enterprises has added another law firm to its tenant roster at Court Plaza, a 335,000-square-foot office complex in downtown Hackensack.

People
Teaneck firm touts addition of third-generation executive

A third generation has joined the leadership team at Key Properties LLC, a Teaneck-based developer and real estate management firm.