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 honored for Clifton industrial building

Officials in Clifton have recognized the developers and designers behind transforming a 50-year-old commercial building in the city into a 204,000-square-foot e-commerce and distribution facility.

Industrial
NAI Hanson brokers sale of 21,000 sq. ft. Moonachie property

A flex building in Moonachie has changed hands, following a sale brokered by NAI James E. Hanson.

Office
Mack-Cali has a new gameplan in Parsippany

For all the talk of white elephants and stranded assets, landlords who have paid to upgrade well-located, suburban office buildings in New Jersey have seen tenants come calling. That’s part of the strategy for Mack-Cali Realty Corp. in Parsippany — but on a bigger scale.

Finance & Capital Markets
HFF closes sale of Riverdale apartment complex

An investment group has acquired a 212-unit, midrise apartment property in Riverdale, in a deal arranged by brokers with HFF.

Office
SJP, insurance firm reach deal for space in Morris County

An insurance brokerage has inked a 19,000-square-foot lease at Morris Corporate Center IV, SJP Properties’ sprawling Class A office park at the nexus of four highways in Parsippany.

Office
Sanzari inks two renewals in Hasbrouck Heights

A life sciences company and a financial services firm have renewed their leases at a Hasbrouck Heights office building owned by Alfred Sanzari Enterprises, the landlord announced.

Industrial
Sudler redeveloping office building as industrial complex

One of the largest office buildings in Central Jersey is being torn down to make way for two state-of-the-art distribution centers just off the New Jersey Turnpike.

Health Care & Education
New Rutgers training complex coming to Piscataway

Rutgers University and RWJBarnabas Health broke ground Tuesday on a new 295,000-square-foot, four-story athletic training complex in Piscataway.

Residential & Mixed Use
Kislak: East Orange apartment properties trade for $19.6M

The Kislak Co. Inc. has sold an apartment portfolio spanning five properties in East Orange, in what the firm says is the largest multifamily sale in the city since 2012.

Industrial
Bussel brokers industrial deals in Central N.J.

Four industrial tenants have signed new leases in central New Jersey, following a series of deals brokered by Bussel Realty Corp.