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

Tulfra, Hampshire sell repositioned industrial building for $12M

A joint venture has sold a Springfield industrial building for $12 million, nearly a decade after acquiring the property and embarking on a series of upgrades that attracted new tenants.

Retail

Somerset retail center inks lease with T-Mobile

T-Mobile has leased 2,000 square feet at a Somerset County shopping center, Levin Management Corp. said Tuesday.

Industrial

NAI Hanson: Tenant’s growth drives 9K sq. ft. industrial lease

A piping contractor has leased more than 9,000 square feet at a Waldwick industrial building, with NAI James E. Hanson serving as the broker for the property’s owner.

Industrial

Bussel brokers 50K sq. ft. lease at Millburn warehouse

A spice distributor has leased more than 50,000 square feet at a Millburn industrial building, in a deal arranged by Bussel Realty Corp.

Office

C&W: Mack-Cali acquires Red Bank campus for $26M, while selling elsewhere

Mack-Cali Realty Corp. has acquired three office buildings in Red Bank for $26 million while selling a property in Bridgewater, in separate transactions arranged by Cushman & Wakefield.

People

CRE veteran joins HFF debt and equity team

HFF has hired Greg Nalbandian as a senior managing director in its Florham Park office. He joins the firm with more than 23 years of experience in the industry, having most recently served as a senior vice president and managing director with NorthMarq Capital LLC.