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.

Retail
LMC: Liquor Cave adds newest brick-and-mortar store with 7,400 sq. ft. lease in Bridgewater

A wine and spirts retailer is expanding in the state with a newly completed, 7,400-square-foot lease in Bridgewater, according to a team with Levin Management Corp.

Office
Risk management, insurance firm takes 3,400 sq. ft. at Sanzari’s Glenpointe campus

Alfred Sanzari Enterprises has secured another tenant for its Glenpointe campus in Teaneck after leasing more than 3,400 square feet to a global consulting firm.

Office
Realtors group sells 4,500 sq. ft. Trenton office building, Boniakowski says

A trade organization has sold a 4,500-square-foot office building in Trenton, in a transaction arranged by The Boniakowski Commercial Real Estate Group.

Residential & Mixed Use
Hornrock buys Hackensack development site slated for 350 rentals, Alexander Anderson says

Hornrock Properties has acquired a development site in Hackensack with plans to build some 350 apartments and retail space, in a deal arranged by Alexander Anderson Real Estate Group.

Office
NJIT takes 74,000 sq. ft. in sublease at Fidelco-owned property in downtown Newark

New Jersey Institute of Technology has filled more than 74,000 square feet of office space in Newark, securing a location in a high-profile property owned by Fidelco Realty Group.

Industrial
Blau & Berg: Parent of Mike’s Amazing mayo, mustard leases 59,000 sq. ft. in Saddle Brook

The maker of Mike’s Amazing condiments and other products has signed a new 59,000-square-foot industrial lease in Saddle Brook, brokers with The Blau & Berg Co. announced.

Office
NAI Hanson: Real estate, law firms lease a combined 4,700 sq. ft. at Englewood Cliffs building

A commercial real estate firm has renewed its lease in Englewood Cliffs, where it occupies nearly 3,100 square feet, in one of two newly announced deals by NAI James E. Hanson.

Residential & Mixed Use
Renters flocking to newly opened, 300-unit Woodmont rental property near Princeton

Woodmont Properties has unveiled a new luxury rental project in Hopewell Township, having already leased more than a third of the property’s 300 units.

Residential & Mixed Use
Kislak sells 60-unit rental property in Lancaster County for $11.7 million

The developer of a 60-unit luxury apartment complex in Pennsylvania’s Lancaster County has sold the property for $11.7 million, in a deal arranged by The Kislak Co. Inc.

Professional Services
Rock Brook’s Wachter promoted to president, as DeMarco assumes CEO role

Consulting and engineering firm Rock Brook has a new president after promoting Michael J. Wachter, a longtime leader on its Monroe-based team.