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.

Industrial
Former longtime Heller leasing executive Paster joins BRC as vice president

Bussel Realty Corp. has deepened its bench with the addition of David Paster, a longtime leasing executive at Heller Industrial Parks and other New Jersey commercial real estate firms.

Professional Services
Genova Burns forms distressed asset task force amid uncertainty in lending, banking

Genova Burns LLC has launched a new task force to focus on distressed real estate assets, as clients navigate growing concerns around lending, banking and bankruptcy.

Hospitality & Tourism
TFE sells East Windsor hotel after three decades, adds first industrial flex property

TFE Properties has sold one of its longtime hotel properties in New Jersey, having also expanded to a new asset class with an acquisition less than 30 miles away.

Retail
KPOT Korean BBQ & Hot Pot takes 12,000 sq. ft. at Woodbridge retail center, LMC says

KPOT Korean BBQ & Hot Pot has leased 12,300 square feet at St. Georges Crossing, a grocery-anchored retail center in Woodbridge, according to a team with Levin Management Corp.

Health Care & Education
Atkins: Three tenants expand at 70,000 sq. ft. Gloucester County medical office building

Atkins Cos. has completed three lease expansions at its recently acquired, 70,000-square-foot medical office building in Gloucester County’s Washington Township.

Retail
Art school, learning center combine for 4,800 sq. ft. at Larken’s Hillsborough Village Center

Larken Associates has announced two leases that will bring an art school and a learning center to Hillsborough Village Center, its new mixed-use development off Route 206.

Industrial
Newmark: Investor buys 405,000 sq. ft. industrial portfolio in Carteret, West Caldwell

A five-building, 405,000-square-foot portfolio of new industrial space in Carteret and West Caldwell has changed hands, in a deal arranged by brokers with Newmark.

Residential & Mixed Use
Alpine, Fields Grade launch preleasing at 169-unit rental tower in Jersey City

Alpine Residential and Fields Grade have all but completed their latest project in Jersey City, a 169-unit rental tower that will be the tallest in the city’s Bergen-Lafayette neighborhood.

Retail
Marcus: Investment group sells 21,000 sq. ft. Somerville retail center for $3.5 million

An investment firm has sold a nearly 21,000-square-foot retail property in Somerville for more than $3.5 million, brokers with Marcus & Millichap announced Tuesday.

Office
Lee & Associates marketing Orange office building, land parcel for sale

The owner of an office building and adjacent land in Orange is seeking a buyer for the properties, in a newly announced offering by Lee & Associates New Jersey.