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
Russo, Onyx debut 124-unit second phase of Vermella Woodbridge

Russo Development has unveiled the second piece of a new luxury rental project in Woodbridge, delivering another 124 units to the former Hess Corp. property just off Route 9.

Industrial
NAI Hanson: Truck dealership acquires Parsippany parcel, eyes new repair facility

A commercial truck dealership has acquired a property and maintenance facility in Parsippany for nearly $3.7 million, in a newly announced deal by NAI James E. Hanson.

Industrial
Electrical maintenance business buys 2,100 sq. ft. Ewing warehouse, Fennelly says

An electrical contractor has acquired a 2,100-square-foot industrial building in Ewing, brokers with Fennelly Associates announced Tuesday.

Residential & Mixed Use
BridgeInvest, Birch Group ink $35 million acquisition loan for 147-unit Passaic rental property

A private lender has closed a nearly $35 million loan to finance The Birch Group’s acquisition of a newly opened, 147-unit multifamily property in Passaic.

People
Recine joins Accordia as principal, in development firm’s latest high-profile addition

Frank Recine, a prominent broker who spent a combined 20 years with JLL and Newmark’s New Jersey teams, has joined Fairfield-based Accordia as a principal.

Residential & Mixed Use
Newest Urby residential tower set to debut in Journal Square

The developer behind the Urby residential brand is set to unveil its latest project, a 317-unit apartment tower in Jersey City’s booming Journal Square neighborhood.

Professional Services
AKF Group — MEP engineering firm with New Jersey presence — joins WSP Global

Professional services firm WSP Global Inc. has acquired AKF Group LLC, a New York-based mechanical, electrical and plumbing firm with a significant footprint in New Jersey.

Industrial
BRC: Moving, storage company takes 54,000 sq. ft. in Millburn

A moving company has leased a nearly 54,000-square-foot industrial building in Millburn, in a newly announced deal by Bussel Realty Corp.

Retail
Salon suites business leases 8,600 sq. ft. in Pequannock, Goldstein Group says

A salon suites business has taken nearly 8,600 square feet at a Route 23 shopping center in Pequannock, brokers with The Goldstein Group announced Monday.

Top News
JLL: Iconic former AT&T campus in Bedminster on the market for lease or sale to users in life sciences, technology

MetLife Investment Management has tapped JLL to reposition and market the nearly 1 million-square-foot former AT&T campus in Bedminster, providing what the brokerage team says is a prime opportunity for new users or a developer seeking to reinvent the property.