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
NAI Hanson: Two hair care distribution firms lease new space in Teterboro

Two industrial tenants serving the hair care industry are moving within Bergen County, following a pair of leases negotiated by NAI James E. Hanson.

Professional Services
South Jersey brokerage firm WCRE joins CORFAC network

Wolf Commercial Real Estate, a brokerage and advisory firm based in southern New Jersey, has joined the global industry network known as CORFAC International.

Office
Jewish Vocational Service unveils new home in East Orange

A nonprofit community health and human service organization has moved into a new 14,000-square-foot facility in East Orange with the help of a regional philanthropy group.

Retail
Net-leased bank site in Essex County trades for $5 million

A developer has sold a 4,200-square-foot net-leased bank property in Cedar Grove as part of a $5 million deal brokered by Marcus & Millichap’s northern New Jersey office.

People
Value-add firm hires three, promotes one to support new growth

Accordia Realty Ventures has expanded its asset management team and promoted a longtime employee in order to handle its growing pipeline, the firm announced.

Industrial
Stro Cos. touts 210K sq. ft. in flex, industrial acquisitions

The Stro Cos. has started the year by growing its industrial portfolio in northern and central New Jersey, acquiring five buildings spanning more than 200,000 square feet.

Retail
Advance, Invesco get OK for office-to-retail redevelopment in Paramus

Local officials have cleared the way for Advance Realty and Invesco Real Estate to demolish an aging office building in Paramus, allowing the firms to develop a new 40,000-square-foot retail and dining complex in its place.

Retail
Retail brokers join CBRE as associates

CBRE Group Inc. has bolstered its retail brokerage team with the addition of two new associates.

Office
Withum unveils new sustainable office space in Morris County (PHOTOS)

WithumSmith+Brown PC has completed the relocation of more than 125 employees to a newly built-out 33,000-square-foot office space in Hanover, the accounting firm said Monday.

Finance & Capital Markets
With investor interest rising in Newark, JLL markets 22-story office tower for sale

The joint venture ownership of a Newark office tower has tapped JLL to find a buyer for the 423,000-square-foot property.