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.

Residential & Mixed Use
Two-building, 408-unit rental portfolio in Jersey City trades for $222 million, CBRE says

A group advised by J.P. Morgan Asset Management has sold 408 apartments across two properties in Jersey City for nearly $222 million, brokers with CBRE announced Tuesday.

Office
JLL: Brother International signs 83,000 sq. ft. lease extension in Bridgewater, works with landlord on new shared amenity spaces

Brother International Corp. has signed a nearly 83,000-square-foot lease extension for its headquarters in Bridgewater, brokers with JLL said, in a deal that comes as part of a plan to right-size its space while allowing its landlord to update the building’s amenities.

People
Sanzari taps DeLorenzo as vice president, director of leasing and marketing

Alfred Sanzari Enterprises has welcomed real estate industry veteran Christopher DeLorenzo as its vice president and director of leasing and marketing.

Professional Services
Mahoney named principal with Gensler’s Morristown office

Gensler has named longtime architect Erin Mahoney as the latest principal in its Morristown office, touting her technical prowess and her more than 25 years of experience.

Office
Grid: Three tenants combine for 26,000 sq. ft. at loft-style flex building in Jersey City

A loft-style commercial building in Jersey City has added three tenants with more than 26,000 square feet of new leasing activity, in a set of deals arranged by Grid Real Estate.

Residential & Mixed Use
LMG, Denholtz unveil 167-unit rental property as Charlotte-area project takes shape

Denholtz Properties and Lansing Melbourne Group have marked the debut of 167 apartments in North Carolina, the second piece of a multiphase project outside Charlotte.

Office
LeFrak, Fidelity Investments ink 185,000 sq. ft. lease renewal at Jersey City office tower

LeFrak has signed a nearly 185,000-square-foot lease renewal with Fidelity Investments, a longtime tenant at one of the developer’s Jersey City office towers.

Industrial
Office furniture installer inks 214,000 sq. ft. industrial lease in Elizabeth

A commercial furniture installer has taken nearly 214,000 square feet at an Elizabeth industrial building, brokers with The Blau & Berg Co. announced last week.

Retail
Restaurant group buys 14,000 sq. ft. Glassboro property, Vantage Commercial says

A regional restaurant operator has acquired a 14,000-square-foot commercial building in Glassboro, according to a brokerage team with Vantage Commercial.

Retail
CBRE: Middletown retail center fully leased after tile company takes 2,000 sq. ft.

A flooring company has leased nearly 2,000 square feet at a recently updated shopping center in Middletown, in a newly announced deal by CBRE.