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
Blau & Berg: Brookfield signs lease for 36-door terminal on 4.2 acres in Jersey City

Brookfield Properties has secured a tenant for more than 19,000 square feet of industrial space on 4.2 acres in Jersey City, in a newly announced deal by The Blau & Berg Co.

Industrial
Vehicle logistics venture takes five-acre industrial outdoor storage site in Hamilton, BRC says

An automotive logistics platform has leased five acres of industrial outdoor storage space in Hamilton, brokers with Bussel Realty Corp. announced Monday.

Professional Services
Binswanger taps Hipschman, longtime CBRE New Jersey market leader, as CEO

Longtime CBRE New Jersey market leader Jeff Hipschman has joined Binswanger as its CEO, becoming the first non-family member to lead the real estate services firm in its 93-year history.

Residential & Mixed Use
Toll Bros. debuts 259-unit condo tower in final phase of Jersey City redevelopment

Toll Brothers Inc. has unveiled the final piece of its Provost Square development in Jersey City, delivering a 34-story high-end condominium tower in tandem with Sculptor Real Estate.

Office
Newmark: MELD Law moving, expanding in 9,200 sq. ft. lease in West Orange

Law firm Manzi Epstein Lomurro & DeCataldo LLC has leased more than 9,000 square feet at a well-known office building in West Orange, in a deal arranged by Newmark.

Retail
Deals with Bath & Body Works, Jersey Mike’s bring Millville center to 99 percent leased

Irgang Group has all but leased up a 393,000-square-foot power center in Millville after securing new leases with Bath & Body Works, AAA and Jersey Mike’s.

Finance & Capital Markets
Eastern Mortgage Capital funds $10.6 million loan for 38-unit Gloucester Co. rental property

The owner of a 38-unit apartment complex in Gloucester County has secured more than $10.6 million in permanent financing for the property, its lender announced last week.

Retail
Investor sells 6,000 sq. ft. retail property in Burlington County, WCRE says

An investor has sold a 6,000-square-foot shopping center in the Burlington County township of Medford, a broker with Wolf Commercial Real Estate announced Friday.

Office
Sanofi looks to sublease part of new flagship office at 260,000 sq. ft. Morristown building

Pharmaceutical giant Sanofi is looking to sublease part of its new U.S. headquarters in Morristown, where it’s slated to occupy the new 260,000-square-foot M Station West building currently under construction.

Industrial
Saxum, Meadow Partners acquire 80,000 sq. ft. flex industrial building in Hamilton

Saxum Real Estate and Meadow Partners have acquired some 80,000 square feet of industrial space on 16 acres in Hamilton, seeking to capture demand from shallow‐bay and flex users.