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
Hampshire inks 17,000 sq. ft. office lease in Morristown with Sanofi Consumer Healthcare

The Hampshire Cos. has leased up a newly renovated office building in downtown Morristown after securing a nearly 17,000-square-foot deal with Sanofi’s Consumer Healthcare unit.

People
Larken’s Iacobucci promoted to CFO one year after joining firm

Larken Associates has promoted veteran industry executive David Iacobucci to chief financial officer, the Branchburg-based firm announced Tuesday.

Industrial
Stone importer takes 40,000 sq. ft. in New Brunswick industrial lease, Connors says

A stone supplier has leased 40,000 square feet of warehouse space in New Brunswick, in a deal arranged by the William F. Connors Agency.

Professional Services
LMC adds Harrison as senior leasing representative

Levin Management Corp. has deepened its bench with the addition of a new senior leasing representative.

Industrial
Ex-fitness facility in Glassboro trades in 25-acre deal by Vantage Commercial

A local business owner has acquired two parcels in Glassboro, including one that’s home to a 33,000-square-foot former athletic facility, in a deal by Vantage Commercial Real Estate.

Retail
Hunterdon County retail center rebounds with the help of small businesses, entrepreneurs

A stream of new leasing activity has revitalized a Hunterdon County shopping center, creating a home for entrepreneurs and other small businesses outside the traditional retail space.

Office
AEP, with Newmark brokers, launches leasing at Harborside 6 after $46 million acquisition

Nearly 200,000 square feet of office space in Jersey City has hit the market for the first time in years, following American Equity Partners’ recent acquisition of what’s known as Harborside 6.

Residential & Mixed Use
Kislak inks multifamily deals in Passaic, Orange totaling $3.9 million

A building with 23 apartments and a restaurant space in Passaic has traded for $2.5 million, in one of two newly announced deals by The Kislak Co. Inc.

Retail
Mixed-use portfolio in Morris Plains trades for $2 million, JLL says

The longtime owner of two mixed-use buildings and a warehouse in Morris Plains has sold the portfolio for $2 million, in a newly announced deal by JLL.

Government & Public Policy
Trenton Housing Authority names co-developer for North Trenton revitalization plan

The Trenton Housing Authority has tapped Property Resources Corp. as its co-developer for a plan that would bring more than 500 new homes to the city’s Battle Monument neighborhood.