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
Hampshire sells Hackettstown flex, industrial complex to Devli Group

The Hampshire Cos. has sold a nearly 200,000-square-foot flex and industrial park in Hackettstown, along with roughly eight acres of developable land nearby.

Retail
Pierson touts new Jersey Mike’s stores in northern, central N.J.

Jersey Mike’s Subs has expanded its footprint in its home state, leasing more than 10,000 square feet over the past year across seven locations in northern and central New Jersey.

Finance & Capital Markets
Growing NKF capital markets team picks up seven assignments

Newmark Knight Frank is marketing four office and industrial properties for sale in northern and central New Jersey, along with a construction-ready development site in Bergen County.

Retail
Mount Holly retail center inks 7,500 sq. ft. lease with liquor store, LMC says

A liquor store has joined the tenant roster at a Mount Holly shopping center, following a 7,500-square-foot lease brokered by Levin Management Corp.

Government & Public Policy
Christie: Newark is ‘the only location for Amazon here in the state of New Jersey’ (VIDEO)

As the state prepares to submit its official bid later this week, Gov. Chris Christie has declared Newark “the clear winner” of the competition among several New Jersey municipalities that have expressed hopes of landing the coveted Amazon HQ2 project.

Finance & Capital Markets
HFF: Investment firm buys 26-building Mack-Cali portfolio in South Jersey

Mack-Cali Realty Corp. has sold a 1.2 million-square-foot office and flex portfolio in Burlington County, according to brokers with HFF who marketed the buildings.

Professional Services
G.S. Wilcox announces two new hires

Commercial mortgage banking firm G.S. Wilcox & Co. has expanded its team with an eye toward the future, touting the recent hiring of two senior associates.

Health Care & Education
Growing art school concept adds four N.J. and N.Y. locations, Colliers says

Colliers International has brokered more than 12,000 square feet in recent leases for a growing art school operator in the region, including transactions in Bergen and Essex counties.

Retail
Jeffery Realty inks 1,100 sq. ft. lease with fruit bowl concept in Hillsborough

A smoothie and fruit bowl restaurant will occupy 1,100 square feet at a Hillsborough shopping center, following a lease brokered by Jeffery Realty.

Industrial
Hampshire, First Westwood unveil ‘integrated’ self-storage building in downtown Westwood (SLIDESHOW)

The newest building in downtown Westwood has the look and feel of many other properties in the neighborhood, yet it’s unlike anything else in the central business district. Jon Hanson knows that to be a winning formula for a self-storage project.