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
Lee & Associates: Water filtration company takes 16,000 sq. ft. in Whippany

A water technology company has leased 16,000 square feet of industrial space in the Whippany section of Hanover, according to a brokerage team with Lee & Associates New Jersey.

Retail
Paramount Assets buys 5,000 sq. ft. retail, commercial building in Elizabeth, RIPCO says

Paramount Assets has purchased a 5,000-square-foot retail and commercial building in Elizabeth for nearly $900,000, brokers with RIPCO Real Estate announced Monday.

Professional Services
Sitar hires new sales associate focused on industrial, multifamily

Sitar Realty Co. has announced the addition of a sales associate to its Woodbridge-based team of brokerage professionals.

Office
Veris places another Harborside office tower, land site under contract for combined $104 million

Veris Residential Inc. has agreed to sell two additional pieces of its flagship Harborside campus in Jersey City, including a nearly 250,000-square-foot office building and a development parcel that was once slated for more than 1 million square feet of additional space.

People
Rockefeller Group’s Leondi joins National Institute of Building Sciences as board member

A key executive with Rockefeller Group’s Morristown-based team is among five new board members at The National Institute of Building Sciences.

Retail
Retail tenants combine for 13,000 sq. ft. in Hunterdon, Union in newest deals by CBRE

Manhattan Bagel has taken nearly 3,000 square feet for a new standalone location in Flemington, in one of three newly announced leases by CBRE.

Office
Larken inks three new leases, hits full occupancy at Hillsborough office park

Larken Associates has leased up a five-building office complex in Hillsborough after three new deals totaling more than 4,000 square feet, the firm announced last week.

Retail
Italian eatery opens at Renaissance Properties’ mixed-use development in Chesterfield

Renaissance Properties has welcomed another retail tenant at its sprawling mixed-use development in Burlington County with the opening of an Italian restaurant.

Industrial
Developer eyes spring 2024 delivery for new 102,000 sq. ft. Somerset warehouse, BRC says

A developer has broken ground on a project that will add more than 100,000 square feet to Franklin’s fast-growing industrial market, brokers with Bussel Realty Corp. announced.

Industrial
Mertz: Bakery ingredients maker adds 433,000 sq. ft. in New Jersey, California deals

A growing maker of bakery ingredients has added nearly 433,000 square feet after a series of industrial deals in New Jersey and California, according to a broker with NAI Mertz.