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
Federal Business Centers, 3PL firm ink 158,000 sq. ft. lease in Edison’s Raritan Center

Federal Business Centers has leased more than 158,000 square feet of industrial space in Edison to a third-party logistics firm, brokers with Bussel Realty Corp. announced Monday.

Office
JLL: Buyer wanted for high-end Parsippany office building, would-be redevelopment site

An office building in Parsippany is on the market for sale with more than 100,000 square feet of high-end, soon-to-be-vacant space or what brokers say is a redevelopment opportunity.

Retail
Net-leased Wawa store, gas station in Wayne trades for $6.7 million

A private investor has purchased the site of a new Wawa store and gas station in Wayne for nearly $6.7 million, according to a brokerage team with Marcus & Millichap.

Health Care & Education
Princeton Property Partners, CBRE seeking tenant for 29,000 sq. ft. lab space in Ewing

The owner of more than 29,000 square feet of laboratory space in Ewing has tapped Princeton Property Partners and CBRE as its leasing team.

Retail
Paramount Realty plans new Wawa project after buying Pennsville tract, Goldstein Group says

Paramount Realty has acquired a development site in Salem County that it now plans to develop as a Wawa convenience store and gas station, in a deal arranged by The Goldstein Group.

Office
CBRE: Health, wellness products maker inks 42,000 sq. ft. office lease in Pearl River

A maker of health and wellness products has taken more than 42,000 square feet at a well-known office building in New York’s Rockland County, in a newly announced lease by CBRE.

Retail
Veris-, Woodmont-led venture sells 50,000 sq. ft. Morristown retail asset to Winfield Properties

A joint venture led by Veris Residential Inc. and Woodmont Properties has sold nearly 50,000 square feet of retail space in downtown Morristown, brokers with JLL announced Friday.

Office
ABS Management, Aerotek ink 18,000 sq. ft. lease at Parsippany office campus, JLL says

ABS Management has secured a new tenant at a refreshed office building in Parsippany, inking a lease for more than 18,000 square feet with a publicly traded staffing company.

Residential & Mixed Use
Kislak brokers sale of 10-unit Point Pleasant rental property for $3.5 million

A buyer has paid $3.5 million for a 10-unit luxury apartment property in Point Pleasant, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Viv Muldoon Group, Ridgewood-based residential realtor, joins The Gill Group

Two prominent residential real estate teams in Ridgewood have joined forces with the addition of the Viv Muldoon Group to The Gill Group of Keller Williams Village Square Realty.