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

Engineering giant renews lease at Newark office tower

A global engineering firm has renewed the lease for its longtime home at 2 Gateway Center in Newark, the owner of the 18-story office tower said Tuesday.

Industrial

NAI Hanson inks 23K sq. ft. lease in Paterson

A home furnishing firm will occupy more than 20,000 square feet at a Paterson industrial building, following a deal brokered by NAI James E. Hanson.

Retail

Net leased Fla. eatery sells for $1.8M, Marcus & Millichap says

Brokers with Marcus & Millichap’s New Jersey office have arranged the sale of a 3,861-square foot Burger King in Central Florida, the firm announced Tuesday.

Office

How 300 Kimball set the tone in suburban office redevelopment (PHOTOS)

A decision by State Farm Insurance to vacate 300 Kimball Drive in Parsippany was not just an opportunity for Transwestern’s New Jersey team in 2012. It provided a roadmap for other landlords, investors and brokers to create new value within the state’s glut of suburban office stock.

Residential & Mixed Use

HFF: Hoboken apartment complex fetched nearly $80M

Only weeks after opening its new luxury rental community in northwest Hoboken, Advance Realty has expanded its footprint in the area with the acquisition of a neighboring complex.

Finance & Capital Markets

C&W: 8A industrial sale drew ‘deep investor pool’

The owner of a 324,540-square-foot warehouse in Monroe has sold the property, Cushman & Wakefield announced, in a rare industrial investment sale in the Exit 8A submarket.

The Rundown

Report: Developer unveils plan for 650-acre Central Jersey site

A developer has floated plans to redevelop a 653-acre former chemical research complex in West Windsor, with a proposal that outlines some 2,000 residential units and mixed commercial space.