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.

Office
CBRE: Wayne office complex fetches $10.8 million

A landlord has sold a roughly 122,000-square-foot office complex in Wayne for nearly $11 million, according to brokers with CBRE who orchestrated the deal.

Office
JLL: Chinese investment, development firm buys Newark office tower

A joint venture has sold the 423,000-square-foot One Newark Center tower, the latest office building to change hands in downtown Newark amid heightened investor interest.

Office
Mars Wrigley moving to downtown Newark by 2020

The maker of the iconic Mars and Wrigley brands is officially moving its U.S. headquarters to Newark, where it will anchor a soon-to-redeveloped piece of the city’s downtown.

Government & Public Policy
At NAIOP forum, coalition unveils playbook for redevelopment policy

A group of commercial real estate leaders gathered Tuesday to unveil a new policy agenda to promote smart growth and redevelopment, urging lawmakers and Gov.-elect Phil Murphy to take action that will help New Jersey stay competitive in the years to come.

Health Care & Education
NAI Hanson brokers sale of medical office space near Hackensack hospital

A pain management practice is expanding with its purchase of a 2,610-square-foot medical office space in Hackensack, following a deal arranged by NAI James E. Hanson.

Residential & Mixed Use
On the market: The most expensive apartment in Jersey City history (PHOTOS)

LeFrak has unveiled what it says is the most expensive apartment listing in Jersey City history.

Retail
JLL: Jersey Shore retail center inks 30,000 sq. ft. in leases

An Aldi supermarket and an urgent care center will be among the tenants at a soon-to-be-completed shopping center in Monmouth County, following leases brokered by JLL.

Industrial
Woodbridge warehouse sells for $6.3 million, BRC says

A private investor has paid more than $6.3 million to acquire a 55,000-square-foot industrial building in the Avenel section of Woodbridge, according to Bussel Realty Corp.

Office
Denholtz renews longtime law book tenant at Clark commercial center

A seller of books for law professionals has renewed its 11,700-square-foot office lease at a Clark commercial complex, landlord Denholtz Associates announced recently.

Office
Pagano: Construction, accounting firms expand at Fair Lawn office building

Two tenants have expanded their footprint inside of a three-story office building in Fair Lawn, according to representatives from Pagano Co. who brokered the deals.