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.

Health Care & Education
Atkins teams with doctors to bring new luxury plastic surgery center to Manhattan

Atkins Cos. has completed a project that has brought a new luxury aesthetics and plastic surgery center to Manhattan’s Hudson Square neighborhood.

Retail
NAI Hanson inks sale of 42,000 sq. ft. Bridgewater retail center for $8.2 million

Cedar Hill Associates LLC has sold a nearly 42,000-square-foot retail property in Bridgewater for $8.2 million, brokers with NAI James E. Hanson announced this week.

Industrial
Private buyer snags 93,000 sq. ft. Oakland warehouse for $14.7 million, JLL says

A private investor has purchased a 93,000-square-foot industrial building in Bergen County for $14.65 million, in a newly announced deal by JLL.

Office
Newmark: Updates to Parsippany office building paying off with 91,000 sq. ft. in leasing

American Equity Partners has completed a major renovation of a Parsippany office building, where it’s reaping the benefits with nearly 91,000 square feet in recent leasing activity.

Editor’s Note
Doren Development buys new Wawa property in Mountain Lakes for $6.7 million

Doren Development has added to its portfolio in northern New Jersey after closing on a newly built Wawa property in Mountain Lakes.

Retail
Orangetheory takes 3,200 sq. ft. at Warren retail center, Goldstein Group says

Orangetheory Fitness has arrived in Warren after leasing 3,200 square feet at a grocery-anchored shopping center in the township, brokers with The Goldstein Group announced Monday.

Professional Services
Resource Realty of Northern New Jersey names Sabato, Wilson and Peck as principals

Resource Realty of Northern New Jersey has tapped Greg Sabato, Brian Wilson and Scott Peck as its newest principals, expanding its leadership ranks as it eyes continued growth.

Industrial
Elberon’s Gibbons honored with Elizabeth Development Co. Lifetime Achievement Award

Elberon Development Group CEO Dave Gibbons has received the Lifetime Achievement Award from the Elizabeth Development Co., the public nonprofit organization that has helped guide economic growth in the city for more than 45 years.

Professional Services
Greenberg Traurig’s Lipner rises to shareholder

Greenberg Traurig LLP has elevated real estate attorney David B. Lipner from associate to shareholder.

Residential & Mixed Use
Procida taps McCann Team as agents for Plaza Grande in Cherry Hill

Procida Funding & Advisors has selected the McCann Team of Keller Williams as its agents for a collection of new age-restricted homes at the Plaza Grande development in Cherry Hill.