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
SL Industrial Partners adds 17-building, 925,000 sq. ft. portfolio outside Chicago

SL Industrial Partners has more than doubled its footprint in the Chicago area after buying more than 925,000 square feet of industrial flex space across three business parks.

Office
Onyx, Porzio Bromberg ink 43,000 sq. ft. lease as Parsippany campus adds another law firm

Onyx Equities has lured another law firm to The Arbors @ Parsippany office campus, leasing more than 43,000 square feet to a practice that has spent nearly 65 years in the Morristown area.

Residential & Mixed Use
LCOR breaks ground on 386-unit rental tower for sweeping ‘Hoboken Connect’ project

Construction is underway on the new 386-unit apartment tower that will mark a key private-sector component of a landmark, mixed-use project around Hoboken Terminal.

People
Levine joins Gottesman Real Estate Partners as vice president

Gottesman Real Estate Partners has hired Zachary Levine as vice president, bolstering the team overseeing its portfolio across New York, New Jersey, Connecticut and North Carolina.

Finance & Capital Markets
Cronheim sources $5.9 million refi for 90,000 sq. ft. New Providence flex building

The owner of nearly 90,000 square feet of industrial flex space in New Providence has refinanced the property for $5.85 million, in a deal arranged by Cronheim Mortgage.

Office
Sheldon Gross named property manager for 26,000 sq. ft. office condo building in Fair Lawn

The owners of an office condominium building in Fair Lawn have tapped Sheldon Gross Realty to manage the nearly 26,000-square-foot property.

Professional Services
Newmark taps Moynihan as tristate region market leader

Newmark has appointed Sean Moynihan as its tristate region market leader, filling the newly created role as the firm looks to grow in New York, New Jersey and Connecticut.

Professional Services
Garcia among newest additions to Connell Foley executive committee

Real estate and land use attorney George Garcia has joined Connell Foley LLP’s executive committee, in one of several new leadership moves announced by the firm.

Retail
Credit union inks sale-leaseback for Pleasantville bank building, Vantage Commercial says

A credit union has sold and leased back a 6,500-square-foot bank building in Pleasantville as part of a recent transaction arranged by Vantage Commercial.

Industrial
KABR sells 190,000 sq. ft. Long Island industrial building for $15.3 million, JLL says

KABR Group has sold a nearly 190,000-square-foot industrial building on Long Island for $15.25 million, in a deal arranged by JLL’s Morristown-based capital markets team.