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.

Retail
Levin taps operations, asset management veteran Tocco as executive vice president

Levin Management Corp. has filled a key role on its team with the hiring of a veteran executive in real estate and asset management.

Industrial
Sporting goods business takes 5,000 sq. ft. at Somerset industrial building, BRC says

A sporting goods supplier has signed a 5,000-square-foot industrial lease in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Tuesday.

Office
Boniakowski: Mortgage firm leases 5,000 sq. ft. at Springfield office building

A mortgage company has leased 5,000 square feet of office space near Route 22 in Springfield, in one of two new deals by The Boniakowski Commercial Real Estate Group.

Residential & Mixed Use
Tulfra launches leasing at new 160-unit luxury rental project in Rochelle Park

Leasing is underway at a 160-unit luxury apartment property in Rochelle Park that is slated to come online early next year.

Residential & Mixed Use
Tishman Speyer eyes groundbreaking for 1,017-unit Jersey City rental tower, its first of two

Tishman Speyer is set to break ground on the first of two new luxury apartment towers that will add nearly 2,000 new apartments in total to Jersey City’s booming waterfront.

Office
JLL marketing 104,000 sq. ft. office building, potential redevelopment site in Parsippany

The site of a 104,000-square-foot office building in Parsippany is on the market for sale in what brokers say is a new opportunity in the town’s growing redevelopment pipeline.

Office
C&W: Greenbaum renewal leads flurry of leasing at Opal Holdings’ Metropark portfolio

Greenbaum Rowe Smith & Davis LLP has signed a 40,000-square-foot lease renewal for its office in Woodbridge, in one of several newly announced deals by Cushman & Wakefield.

Residential & Mixed Use
Kislak: Longtime owner sells 30-unit Trenton apartment building for $3 million

A local investor has acquired a 30-unit apartment building in Trenton for more than $3 million, in a newly announced deal by The Kislak Co. Inc.

Industrial
AEP, equipment rental company ink 22,000 sq. ft. lease in Jersey City, Blau & Berg says

An equipment leasing and rental company has taken more than 22,000 square feet of industrial space on three acres in Jersey City, brokers with The Blau & Berg Co. announced Monday.

Retail
Spenga Fitness adds 4,000 sq. ft. New Jersey location with new lease in Montvale

A fitness franchise has expanded to New Jersey after taking 4,000 square feet in Montvale, according to a brokerage team with The Goldstein Group.