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
Denholtz plans lobby upgrades at Somerset office space

Denholtz Associates has launched a lobby renovation at a Somerset County office building that the development and investment firm acquired last year.

Office
Bergen County office building trades for $7 million

A private investment firm has acquired a 30,000-square-foot office building in Ramsey, in a $7 million transaction brokered by Brown Commercial Real Estate Services.

Finance & Capital Markets
Loan will fund spec warehouse in Piscataway, HFF says

A joint venture is planning to build a new industrial building spanning more than 450,000 square feet in Piscataway, with the help of $22 million in financing secured by HFF.

Residential & Mixed Use
Mack-Cali announces new residential deliveries, $1B pipeline

Mack-Cali Realty Corp. is set to open the doors to a new 762-unit apartment tower in Jersey City and is pushing ahead with a $1 billion multifamily construction pipeline, the company said, as it finalized a plan to raise $300 million for acquisitions in the high-end rental space.

Office
NAI Fennelly brokers new deals in Mercer, Middlesex

The owner of six Princeton-area commercial buildings has sold one of the properties for $4.9 million, one of several recent deals announced by NAI Fennelly.

Office
Fintech firm’s 160K sq. ft. lease ‘legitimizes the Newark market’

A global financial technology firm has leased 160,000 square feet at 2 Gateway Center in Newark, planting a flag in the city with one of the downtown’s largest new office deals in recent years.

Retail
HFF: 116K sq. ft. shopping center sells for $36 million

A sprawling grocery-anchored shopping center in East Orange has changed hands, following a sale brokered by HFF’s New Jersey office.

Professional Services
Roseland law firm bolsters real estate group

A.Y. Strauss LLC has added a new attorney to its commercial real estate practice, one of two new hires by the Roseland-based law firm.

Retail
Union County 7-Eleven site fetches $2.5M

A developer has sold a 2,800-square-foot 7-Eleven property at the border of Plainfield and Fanwood for more than $2.5 million, Marcus & Millichap announced Monday.

Industrial
Amid supply constraints, developers look down the Turnpike for new opportunities

It was New Jersey’s largest industrial lease of the fourth quarter — and it was a fitting end to the year for a market that has been fueled by e-commerce tenants and big box construction. But the commitment by Modway Furniture was every bit as notable for its location as it was for its size.