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.

Professional Services
MSW adds Russo, Lesser as associates to strengthen land use, construction law teams

Murphy Schiller & Wilkes has bolstered several key practice groups with the addition of Tiana Russo and Joshua Lesser as associates, the Newark-based firm announced.

Office
Lipton debuts full-floor, 15,000 sq. ft. office space in Hoboken after SJP buildout

The parent company of Lipton teas has unveiled its new full-floor office space in downtown Hoboken after a buildout spearheaded by SJP Project Solutions

Industrial
NAI Hanson: Maker of signs, trade show materials buys 12,000 sq. ft. Bergenfield flex building

A manufacturer has acquired a 12,000-square-foot industrial flex building in Bergenfield for $2.7 million, in a newly announced deal by NAI James E. Hanson.

Industrial
Peak Construction to build new 326,000 sq. ft. Brookfield warehouse in West Windsor

Brookfield Properties has tapped Peak Construction Corp. to build more than 326,000 square feet of new industrial space in West Windsor.

Government & Public Policy
EDA approves $11.5 million Aspire award for Somers Point affordable housing project

A developer is planning a 43-unit affordable housing project in Atlantic County with the help of a newly approved, $11.5 million tax credit under the state’s Aspire program.

Finance & Capital Markets
Developer lands $29 million in preferred equity for 568-unit rental portfolio in Bound Brook, Hackensack

The owner of a 568-unit apartment portfolio in Bound Brook and Hackensack has recapitalized the properties for $29 million, according to an advisory team with Berkadia.

Professional Services
Soltani joins Ware Malcomb as studio manager, interior architecture and design in New Jersey

Global design firm Ware Malcomb has hired Banafsheh Soltani as a studio manager with its interior architecture and design team in New Jersey.

Retail
New tenants arrive at new-look 87,000 sq. ft. shopping center in Marlton

The owner of an 87,000-square-foot shopping center in Burlington County is welcoming several new tenants as it unveils a series of newly completed renovations at the property.

Retail
Vantage Commercial named leasing team at 107,000 sq. ft. Galloway retail center

The new owner of a nearly 107,000-square-foot shopping center in Galloway has picked Vantage Commercial as the property’s leasing team.

Residential & Mixed Use
New 30-unit Fort Lee rental building trades for $17 million, Veerman says

A developer has sold a newly constructed, 30-unit apartment building in Fort Lee for $16.8 million, in a transaction arranged by Veerman Asset Management.