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
Tutoring center takes 5,000 sq. ft. in Summit in lease arranged by Chilmark, Jeffery

A tutoring business has leased 5,000 square feet for a new location in downtown Summit, in a deal arranged by Chilmark Real Estate Services and Jeffery Realty.

Professional Services
Genova Burns’ Pizzillo named to Hudson County Chamber board as director

Gerard Pizzillo, a Jersey City-based attorney with Genova Burns, has joined the Hudson County Chamber of Commerce as a director.

Professional Services
Lincoln Property Co. promotes Bucci to executive vice president, New Jersey market leader

Lincoln Property Co. has named Benjamin Bucci as its new market leader in New Jersey.

Industrial
Different by design: Crow Holdings welcomes brokers to new Elmwood Park warehouse, with its distinctive Marcal-inspired architecture

A new warehouse in Elmwood Park has come with great expectations and great anticipation. Fittingly so, for a building that evokes the iconic Marcal Paper factory on Interstate 80.

It’s why Clark Machemer was eager to show off the facility’s exterior during a recent open house with brokers — not to mention its nearly 207,000 square feet of modern industrial space that’s now ready for a tenant.

Residential & Mixed Use
Solaia in North Bergen hits 60 percent sold after six luxury condo sales in one week

Luxury condo tower Solaia is now more than 60 percent sold after a recent flurry of activity at the North Bergen property.

Professional Services
HITT, top 20 U.S. general contractor, promotes Grebenstein to leader of New York region

Construction firm HITT has tapped Andre Grebenstein to lead its team that covers New York, New Jersey and Connecticut.

Retail
Monmouth Cards, Bergen Debate Club combine for 3,200 sq. ft. at Livingston Town Center

The mixed-use Livingston Town Center property is welcoming two new tenants after a pair of leases arranged by Azarian Realty Co.

Technology
Data center vacancy for tristate region hits all-time low, CBRE report finds

Soaring demand for data center space has pushed vacancy in the region to an all-time low in recent months, thanks in part to the growth of firms tied to artificial intelligence.

Residential & Mixed Use
Plainfield development site slated for 71 rental units trades for $2.6 million

A developer has acquired a site in Plainfield with approvals in place for more than 70 apartments, in a deal arranged by Berkadia’s Morristown office.

Government & Public Policy
NJ Transit: Ground lease with LCOR ‘sets the stage’ for Hoboken Connect groundbreaking

The long-awaited Hoboken Connect project took a key step forward on Tuesday with the approval of a ground lease between NJ Transit and LCOR, the developer for what’s slated to include new apartment and office towers and upgrades to the city’s historic transit terminal.