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
‘The Delford’ opens in Rochelle Park, having already hit key leasing milestone

Tulfra Real Estate has opened the doors to its new upscale apartment building in Rochelle Park, where renters have already snapped up 50 percent of the property’s 160 units.

Finance & Capital Markets
Cronheim: Owner of East Windsor, Garwood shopping centers lands $17.5 million in financing

The owner of two shopping centers in Mercer and Union counties has secured $17.5 million in financing for the grocery-anchored properties, brokers with Cronheim Mortgage announced.

Retail
Prism inks leases with Club Pilates, JAG Physical Therapy at Rutherford retail space

Prism Capital Partners has announced two new leases that will bring health and wellness tenants to a mixed-use building in Rutherford.

Residential & Mixed Use
Hoboken parcel fetches $7.5 million in latest deal involving ex-NRIA portfolio, CBRE says

AIRN Management has sold a multifamily development site in Hoboken for $7.5 million, in the latest deal involving the former holdings of National Realty Investment Advisors LLC.

Professional Services
Rock Brook unveils new logo, brand identity to mark 20-year milestone

Rock Brook is sporting a new look as the well-known consulting engineering firm marks a key milestone in its business.

Office
Sanzari, Bertone Piccini sign 12,000 sq. ft. renewal at Heights Plaza

Alfred Sanzari Enterprises has signed a lease renewal with Bertone Piccini LLP, a longtime tenant at its Heights Plaza property at the junction of Route 17 and Interstate 80.

Residential & Mixed Use
DMR touts debut of 81-unit rental building at major Whippany redevelopment site

Leasing is underway at a new 81-unit luxury apartment building in the Whippany section of Hanover, part of a sweeping redevelopment project designed by DMR Architects.

Professional Services
Levy, Halpern join Bennett Realty & Development’s growing retail platform

Bennett Realty & Development has added Howard Levy and Benjamin Halpern to its team of brokers focused on shopping centers and single-tenant, net-leased assets.

Office
Olnick, Fisher unveil plan to transform concourse at Headquarters Plaza in Morristown

The owners of Morristown’s Headquarters Plaza have unveiled their plans to refresh the 1 million-square-foot property, with a focus on the cavernous interior concourse that connects its three office towers, the Hyatt Regency Morristown and a host of retailers and restaurants.

Industrial
Invesco adds 216,000 sq. ft. South Brunswick warehouse, in JLL-brokered deal

Invesco Real Estate has acquired a 216,000-square-foot warehouse in South Brunswick, in a newly announced deal by JLL.