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.

Office
JCP&L takes 58,000 sq. ft. at Tabor Road office building in Morris Plains

JCP&L has found a new headquarters in the region after agreeing to lease some 58,000 square feet in Morris Plains, marking the latest addition to a former Honeywell International campus.

Health Care
Concierge medical practice takes 1,100 sq. ft. in West Orange, NAI Hanson says

A concierge medical practice has leased more than 1,100 square feet of medical office space in West Orange, brokers with NAI James E. Hanson announced Thursday.

Industrial
WCRE: Restoration business buys 1,800 sq. ft. flex industrial condo in Egg Harbor Twp.

A piece of a flex industrial property in Egg Harbor Township has changed hands as part of a newly announced condominium sale by Wolf Commercial Real Estate.

Industrial
MLB Network leases 207,000 sq. ft. at landmark Crow Holdings project in Elmwood Park

Crow Holdings Development has secured a tenant for its new 207,000-square-foot industrial building in Elmwood Park, announcing a lease with MLB Network that will bring the broadcast and content platform to the high-profile project along Interstate 80.

Professional Services
CBRE promotes Forcello to New Jersey market leader, senior managing director

Will Forcello has taken the reins as CBRE’s market leader in New Jersey, assuming the post after serving in an interim role since late last summer.

Residential & Mixed Use
Kislak: Family office sells Millburn apartment, retail building after more than 50 years

A family ownership group has sold an apartment and retail building in Millburn for $4 million, in a newly announced deal by The Kislak Co. Inc.

Industrial
Lincoln Equities, PCCP sell Rockland County industrial portfolio for $63 million, JLL says

Lincoln Equities Group and PCCP have sold nearly 262,000 square feet of light industrial space in New York’s Rockland County for $62.75 million, brokers with JLL announced Wednesday.

Retail
Yada Properties inks new leases in Whitehouse Station with hair salon, café

Yada Properties is welcoming two new retail tenants to a mixed-use property in Readington after a set of leases totaling nearly 6,600 square feet.

Industrial
Riefler joins Trammell Crow Co. New York metro industrial team

Trammell Crow Co. has added to its team in the tristate area with the hiring of Jagger Riefler as a vice president, the developer announced Wednesday.

Retail
LMC welcomes DXL Big + Tall to Somerville Circle Shopping Center in Raritan

DXL Big + Tall has opened its doors at the busy Somerville Circle Shopping Center in Raritan Borough, where it occupies more than 6,100 square feet under a lease arranged last fall.