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
C&W seeking tenant for top floors at PSEG tower in Newark

The new owner of the Public Service Enterprise Group headquarters tower in Newark has kicked off $4 million in upgrades and is marketing five vacant floors atop the 26-story office building, according to brokers with Cushman & Wakefield.

Finance & Capital Markets
HFF brokers $124.5M loan for Mack-Cali acquisition in Short Hills

HFF has secured $124.5 million in financing for three properties in Short Hills that Mack-Cali Realty Corp. is acquiring as part of high-profile deal announced earlier this month.

Office
Denholtz plans upgrades at Somerset County office building

With occupancy at nearly 100 percent, Denholtz Associates has unveiled plans to upgrade a 54,600-square-foot office building in the heart of Somerset County.

Roundtable
What can government do to help the commercial real estate industry in the near term?

What can government do to help the commercial real estate industry in the near term? We assembled a panel of industry experts to tackle this month’s question.

Retail
Grocery-anchored retail center in Morris County fetches $51 million

A real estate investment trust has acquired the only grocery-anchored shopping center in Pompton Plains, in a $51 million deal brokered by HFF’s New Jersey office.

Residential & Mixed Use
Union County apartment sales total $15.4M

Nearly 130 apartments in Union County have changed hands for a total of more than $15 million under two separate transactions brokered recently by The Kislak Co. Inc.

Office
Health care tenant leases more than 3,300 sq. ft. in Cherry Hill, Mertz says

The owner of a Cherry Hill office building has landed its third new tenant in the past six months with the signing of a 3,310-square-foot lease, according to brokers with NAI Mertz.

Office
KBS touts 30K sq. ft. in renewals, new deals at Woodbridge office campus

By Joshua Burd KBS Realty Advisors has signed leases totaling nearly 30,000 square feet at its six-building, 632,000-square-foot office campus along Route 1 in Woodbridge, the company announced. The deals at Woodbridge Corporate Plaza include a 4,055-square-foot renewal with Biocon…

Professional Services
Family values: NAI Mertz has staked its claim in South Jersey, while keeping its nimble, ‘mom-and-pop’ feel over more than 35 years

NAI Mertz might be the largest independent commercial real estate brokerage in southern New Jersey, but Barry Mertz will never forget the company’s humble beginnings.

After all, working with his wife Faye is a daily reminder of how it all started.

Industrial
New cold storage facility coming to Hudson County

Preferred Freezer Services will open its ninth cold storage warehouse in the region next year with the addition of a 197,000-square-foot facility in Kearny, the company said.