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
C&W: Marcus Partners sells 192,000 sq. ft. Paterson industrial portfolio

Marcus Partners has sold a fully leased, 192,000-square-foot industrial portfolio in Paterson, in a deal arranged by Cushman & Wakefield.

Professional Services
Leasing, investment sales broker Marolakos joins Levin Management Corp.

Levin Management Corp. has deepened its bench with the addition of Christian Marolakos as a leasing and investment sales representative.

Office
CBRE: Newest leases, renewal at Livingston office building total 10,000 sq. ft.

Eastman Cos. has attracted three new tenants to The Eisenhower, its 384,000-square-foot office complex on West Mount Pleasant Avenue in Livingston.

Industrial
SRS Distribution adds 7,000 sq. ft. at Bridgewater industrial building, Sheldon Gross says

A building products company has expanded its footprint at a Bridgewater industrial property, in a newly announced transaction by Sheldon Gross Realty.

Professional Services
Cresa adds Fray, Hollander as managing principals and New Jersey market leaders

Cresa has welcomed veteran brokers Jason Fray and Harlan Hollander as managing principals and market leaders in the tenant representation firm’s New Jersey office.

Industrial
Deugen, Devli partner to buy seven-acre industrial parcel in Newark

Deugen Investment Group and Devli Real Estate have acquired a low-coverage, seven-acre industrial parcel near Port Newark-Elizabeth, the firms announced Wednesday.

Residential & Mixed Use
PEEK launches ‘Good Neighbor’ incentives in Orange for teachers, nurses and first responders

PEEK Properties has unveiled special incentives for educators, nursing professionals and first responders who lease a home at the firm’s new 138-unit apartment building in Orange.

Retail
JLL: Denville Commons now full after new leases totaling 11,000 sq. ft.

A shopping center on Route 10 in Denville has reached full occupancy after commitments by four new tenants, brokers with JLL announced Wednesday.

Professional Services
DIGroup spearheading rehab of historic public libraries in Philadelphia

A plan to rehabilitate two historic public libraries in Philadelphia is now taking shape under a set of projects spearheaded by New Brunswick-based DIGroup Architecture.

Policy Page
New Jersey’s path to becoming a hub for advanced industries

New Jersey stands at a pivotal moment in its economic evolution. We’re presented with a unique opportunity based on consumer needs and federal priorities, including meaningful financial incentives. If New Jersey is to position itself as a hub for advanced industries such as data centers, energy storage and cold storage manufacturing, it needs to act.