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
Insurance firm takes 20K sq. ft. at Morristown office building

Vision Real Estate Partners has leased nearly 20,000 square feet to an insurance firm at its newly acquired office building in Morristown, the largest among several recent deals announced by the firm.

Professional Services
Residential, day care building set to rise in Newark’s Ironbound

An architectural firm has completed its design of a new mixed-use residential and day care building that is now under construction in Newark’s Ironbound section.

Residential & Mixed Use
HFF marketing Mercer County apartment community

The owner of a 312-unit, Princeton-area apartment community has hired HFF to sell the property.

Office
Nonprofit looks to streamline footprint in northern New Jersey

The United Way of Northern New Jersey has tapped JLL to help it consolidate its footprint in the region, starting with the sale of an office condominium in Morris County.

Residential & Mixed Use
Kislak touts $11.6 million in North Jersey multifamily deals

Three Essex County buildings with a combined 178 apartments have changed hands for a total of $11.6 million, following recent sales arranged by The Kislak Co. Inc.

Retail
Mixed-use building in Bergen County trades for $2.6 million

A private investor has sold a 13,500-square-foot retail and office building in Westwood, in a nearly $2.6 million sale brokered by Marcus & Millichap.

Events
NAIOP gala honors projects and CRE leaders of past and present

NAIOP New Jersey unveiled three Deal of the Year awards at its annual gala, which also honored two late industry icons, Arthur Greenbaum and Caren Franzini. The program also recognized three of the state’s leading service firms — JLL, Biggins Lacy Shapiro & Co. LLC and Hollister Construction — before a packed house at The Palace at Somerset Park in Franklin.

Finance & Capital Markets
HFF secures $100 million refinance for Hudson County retail center

The owner of a fully leased, 410,015-square-foot retail center in Hudson County has refinanced the property for $100 million, HFF said Thursday.

Industrial
Upgrades planned at Monmouth industrial park after $7.5 million trade, Bussel says

A nine-building, 165,000-square-foot industrial park in Monmouth County has changed hands for $7.5 million, following a sale brokered by Bussel Realty Corp.

Industrial
NAI Hanson: Event manager takes 130K sq. ft. at Lackawanna Center

An event management company is relocating to Lackawanna Center in Jersey City, leasing more than 130,000 square feet at the repurposed railroad warehousing and distribution building.