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
Larken hails completion, lease-up of 120-unit multifamily property in Pohatcong

Larken Associates has completed and leased up a collection of 120 new apartments in Warren County, marking another milestone for its fast-growing residential portfolio.

Office
Buyer sought for Plainsboro office buildings with value-add, redevelopment prospects, JLL says

The owner of a nearly 462,000-square-foot office portfolio in Plainsboro has put the properties on the market for sale, presenting what brokers say is a broad range of value-add options.

Residential & Mixed Use
Weiss Realty sells Fort Lee development site approved for 24 high-end rentals

Weiss Realty has sold a development site in Fort Lee with approvals in place for a 24-unit luxury apartment building.

Industrial
JLL named leasing team for 250,000 sq. ft. industrial building on Manhattan’s West Side

Essex Capital has tapped JLL’s East Rutherford-based Northeast Industrial group as its leasing agent for a full-block, 250,000-square-foot logistics facility on Manhattan’s West Side.

Office
Insurance agency takes 5,200 sq. ft. for expansion to Vineland, WCRE says

An insurance agency has leased 5,200 square feet of office space in Vineland, in a newly announced deal by Wolf Commercial Real Estate.

Office
Inside Day Pitney’s new 55,000 sq. ft. office in Parsippany (SLIDESHOW)

Day Pitney LLP has opened its new 55,000-square-foot office in Parsippany after relocating from another building in the township.

Industrial
NAIDB arranges Union County industrial sales totaling $5 million

An HVAC company has purchased a 6,000-square-foot industrial building in Linden, in one of two newly completed deals in Union County by NAI DiLeo-Bram & Co.

Residential & Mixed Use
PRC enters New Jersey, acquires 150-unit affordable housing complex in Paulsboro

Real estate firm PRC has acquired a 150-unit apartment complex in Paulsboro, where it’s now planning a major update to help maintain the property’s affordable housing subsidies.

Health Care
Children’s Hospital of Philadelphia eyes new Hamilton facility after buying ex-theater site

The Children’s Hospital of Philadelphia has acquired a former AMC movie theater property in Hamilton as part of a plan to bring a new pediatric care facility to the Mercer County township.

Office
Haleon takes 79,000 sq. ft. for new North American HQ at The Park in Berkeley Heights

Consumer health company Haleon has leased nearly 79,000 square feet at The Park in Berkeley Heights, bringing another tenant to the property as The Connell Co. continues its sweeping overhaul of the 185-acre business and lifestyle campus.