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
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.

Finance & Capital Markets
JLL: Bridge Industrial inks $29 million loan for spec warehouse project in South Plainfield

Bridge Industrial has closed on a nearly $29 million construction loan for a project that will bring more than 167,000 square feet of new industrial space to South Plainfield.

Retail
Chipotle leases 2,300 sq. ft. for new drive-thru store in Wayne, Goldstein Group says

Chipotle Mexican Grill has taken more than 2,300 square feet for a new location on a key thoroughfare in Wayne, in a recent deal arranged by The Goldstein Group.

Health Care & Education
NAI Hanson: Glen Rock building adds physical therapy chain with new 2,220 sq. ft lease

A physical therapy chain has leased nearly 2,200 square feet of medical office space in downtown Glen Rock, brokers with NAI James E. Hanson announced this week.

Retail
Woodbridge Center to remain retail, dining destination after $70 million sale to mystery buyer

The ailing Woodbridge Center is seemingly poised to remain a mall under its new owner, but its exact future is still unclear after the recent sale of the property for $70.4 million, in a deal that was reported to be a massive loss for its bondholders.

Finance & Capital Markets
Veteran broker Pizzolato joins Accordia as EVP for acquisitions, capital markets

Accordia Realty Ventures has tapped Matthew Pizzolato as its executive vice president for acquisitions and capital markets, in a key hire aimed at supporting its expansion plans.

Industrial
Principal leases new 191,000 sq. ft. industrial building in North Brunswick, C&W says

Principal Asset Management has secured a tenant for more than 191,000 square feet of new industrial space in North Brunswick, in a deal arranged by Cushman & Wakefield.