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.

Health Care & Education
New Englewood Hospital surgical unit is latest piece of RSC-led redesign (SLIDESHOW)

A design firm has completed the latest piece of a project to modernize Englewood Hospital and Medical Center, with an eye toward improving patient experience and safely minimizing the length of their stay.

Office
Iconic Newark Club available for lease as office space, JLL says

Brokers with JLL are marketing the space that was the longtime home of The Newark Club, the popular gathering spot for New Jersey’s business and political power players for nearly 25 years.

Residential & Mixed Use
Gebroe-Hammer brokers multifamily sales in Bergen, Passaic counties

Investors have paid a combined $8.65 million for three apartment buildings in Bergen and Passaic counties, in two separate transactions arranged by Gebroe-Hammer Associates.

Industrial
Sheldon Gross: Former manufacturing site sold, slated to become self-storage

An investment firm has acquired a former manufacturing building in New Brunswick and plans to convert it to a self-storage facility, according to brokers with Sheldon Gross Realty.

Professional Services
Hosey, a former talent agent, now leading Marcus & Millichap’s growth in New Jersey

Brian Hosey has risen through the ranks of Marcus & Millichap and was hired in 2014 as the regional manager for its northern New Jersey office, where he now oversees a growing sales team of about 40 for the nation’s largest investment real estate brokerage firm for private clients.

Residential & Mixed Use
MonGroup unveils final phase of West New York redevelopment project

A developer has opened the doors of a new 40-unit apartment building in West New York, marking the completion of a plan to redevelop the former site of a handbag factory that once employed thousands of immigrants who settled in the area.

Industrial
Zimmel brokers $12.6 million in warehouse, office sales

A privately held distribution firm has sold an 85,000-square-foot warehouse in Woodbridge for nearly $10 million, in one of two recent transactions arranged by Zimmel Associates.

Retail
Transwestern: Carpet, flooring business is latest tenant at Teaneck building

A carpet and flooring store has doubled its footprint and relocated to a Teaneck commercial building, in a 2,000-square-foot deal brokered by Transwestern.

Retail
Passaic County retail building trades for $2.3 million

A private investor has paid $2.3 million for a nearly 8,000-square-foot retail property in Pompton Lakes, brokerage firm Marcus & Millichap said Monday.

Office
Report: Barclays paying $69 million for redeveloped Whippany office park

A joint venture has sold a 525,000-square-foot office park in Hanover to Barclays PLC for $69 million, following efforts to reposition the property with a series of upgrades and a new amenities center.