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
Onyx, NJM ink 53,000 sq. ft. lease for insurer’s new home in Parsippany

Onyx Equites has leased 53,000 square feet in Parsippany to NJM Insurance Group, securing another tenant for a newly renovated, five-building office campus off Route 202.

Retail
Middlesex retail center with new SuperFresh store fetches $8.6 million, NAIDB says

A private seller has completed its trade of a nearly 70,000-square-foot, grocery-anchored retail asset in Middlesex Borough, brokers with NAI DiLeo-Bram & Co. announced.

Office
Victory Home Remodeling moving to Bell Works in 43,000 sq. ft. sublease with Guardian Life

Victory Home Remodeling has taken nearly 43,000 square feet of office space at the Bell Works campus in Holmdel, in a deal arranged by Cushman & Wakefield and JLL.

Retail
JLL: Buyer wanted for 38,000 sq. ft. grocery-anchored retail center in Bloomfield

A grocery-anchored shopping center in Bloomfield is on the market for sale, boasting full occupancy and a location that’s adjacent to more than 300 luxury apartments.

Office
Fennelly: Micro-Air, growing manufacturing business, takes 19,000 sq. ft. in Hamilton

A manufacturing business is poised to expand after leasing more than 19,000 square feet of office space in Hamilton, in a newly announced transaction by Fennelly Associates.

Office
Keller Williams team opens at new Walters office building on Long Beach Island

A realtor has expanded to Long Beach Island with a lease at Walters’ newly constructed, 5,000-square-foot office building in Ship Bottom.

Industrial
Blau & Berg helps logistics firm expand to Midwest with 197,000 sq. ft. deal with Prologis

A freight logistics company has leased nearly 200,000 square feet of industrial space outside Chicago, in a newly announced deal by The Blau & Berg Co.

Finance & Capital Markets
JLL: Canoe Brook lands $150 million loan for 426-unit rental project at Port Imperial

Canoe Brook Development has secured a $150 million construction loan for a planned 426-unit luxury apartment building along the Hudson River waterfront in West New York.

Industrial
CBRE’s Dudley promoted to vice chairman, firm’s top rank for brokers

CBRE has promoted highly regarded industrial broker Kevin Dudley to vice chairman, the highest rank for advisory and transaction professionals within the company.

Retail
Kislak: New retail building in Matawan with approvals for expansion fetches $2.6 million

The site of a new 9,000-square-foot retail building in Matawan has traded for $2.6 million, in a deal arranged by The Kislak Co. Inc.