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.

Health Care & Education
Atkins, ABA Centers ink 10,000 sq. ft. medical office lease in Washington Twp.

Atkins Cos. has leased nearly 10,000 square feet of medical office space in Washington Township to a growing provider of autism-related services in the region.

Professional Services
Newmark Associates’ Melillo, Swatek promoted to vice president

Newmark Associates has promoted brokers Jeannette Melillo and Mary Swatek to the role of vice president with the Morris County-based team.

Industrial
Zimmel: Recycling firm buys Branchburg facility for $14 million after three years of leasing

A recycling company has acquired a 90,000-square-foot industrial property in Branchburg for nearly $14 million, in a newly announced deal by Zimmel Associates.

Health Care & Education
Devco set to top out first phase of HELIX project, hailing a key milestone with more to come at distinctive New Brunswick campus

The developer of the landmark HELIX project in New Brunswick will mark a key milestone on Friday when it tops out the first of three buildings at the campus, hoisting the final steel beam for the 12-story, 574,000-square-foot structure downtown.

For New Brunswick Development Corp., it’s also a chance to highlight what’s still to come at a facility that will be unlike anything else in New Jersey.

Industrial
CenterPoint hires Rosenbaum as senior vice president of investments in east region

CenterPoint Properties has added a key team member in New Jersey and surrounding markets, tapping Roy Rosenbaum as senior vice president of investments for its east region.

Industrial
Connors inks sale of 5,000 sq. ft. Bayonne manufacturing facility

A private buyer has purchased a 5,000-square-foot industrial building in Bayonne, in a newly announced deal by the William F. Connors Agency.

Residential & Mixed Use
Winfield, Christie’s launch leasing at new 26-unit rental project in Morristown

Winfield Properties has taken the wraps off a new 26-unit luxury apartment building in downtown Morristown, with move-ins slated to begin this month.

Policy Page
Getting a building permit in New Jersey is about to get easier

The implications of the newly signed New Jersey Design Professional Self-Certification Act are significant. Depending on a project’s size and complexity, some permit approvals can now be made in a matter of days.

Industrial
Faropoint launches $300 million sale-leaseback fund for industrial buildings

Faropoint, the Hoboken-based industrial real estate investment manager, has launched a $300 million fund targeting sale-leaseback deals in the asset class.

Industrial
Silverman affiliate adds 49,000 sq. ft. flex industrial property in Somerset, C&W says

An affiliate of The Silverman Group has acquired a nearly 50,000-square-foot flex-industrial building in the Somerset section of Franklin, brokers with Cushman & Wakefield announced.