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 brokers 126K sq. ft. sale-leaseback in North Bergen

A company has sold and leased back a North Bergen industrial building that houses its manufacturing and distribution business, in a deal brokered by NAI James E. Hanson.

Health Care & Education
Medical office building, mixed-use project land 20K sq. ft. anchor tenant

An orthopedic group will anchor a new 40,000-square-foot medical office building in Gloucester County, following a lease arranged by Markeim Chalmers.

Industrial
Hampshire sells Bergen County flex industrial building

The Hampshire Cos. has sold an 82,524-square-foot commercial building in Northvale to a firm that will take up occupancy at the property alongside an existing tenant.

Office
Prism, C&W launch office leasing at rebranded Roche site

Prism Capital Partners has officially rebranded the former Hoffmann-LaRoche campus in northern New Jersey, while picking Cushman & Wakefield to market the office space that will anchor one of the state’s most high-profile redevelopment projects.

Retail
Ripco tapped to market retail space at historic West Orange redevelopment

Brokers with Ripco Real Estate are leading the effort to attract retail tenants to a long-awaited mixed-use development currently under construction in West Orange.

Finance & Capital Markets
Meridian: Senior housing complex trades with the help of $15.3 million loan

Meridian Capital Group has arranged $15.3 million in financing for a client to acquire a 159-unit senior housing complex in Essex County, the firm said Wednesday.

Retail
Marcus & Millichap brokers $1 million mixed-use sale at Jersey Shore

A private partnership has sold an 8,500-square-foot mixed-use building in Long Branch for just over $1 million, according to brokers with Marcus & Millichap.

Government & Public Policy
Christie: Raised Bayonne Bridge will open to larger ships by June 30 (VIDEO)

Supersized cargo ships will be able to pass under a newly raised Bayonne Bridge in order to reach Port Newark-Elizabeth as soon as June 30, marking a milestone in a $1.6 billion infrastructure project seen as critical to the state’s industrial real estate market.

Industrial
NAI Hanson brokers 23K sq. ft. Fairfield industrial sale

A building that’s home to a food processing equipment manufacturer in Fairfield is under new ownership, following an industrial sale brokered by NAI James E. Hanson.

Professional Services
Mertz earns top NAI Global distinction for third straight year

NAI Mertz President Scott Mertz has been recognized as a top producer within the NAI Global network of commercial real estate professionals, the brokerage and real estate services firm said.