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
BRC: Import company takes 8,800 sq. ft. in Garwood industrial deal

An imported foods company has leased nearly 8,800 square feet at a Garwood industrial property, according to a brokerage team with Bussel Realty Corp.

Residential & Mixed Use
Longtime owner sells 76-unit Catskills rental complex for $3.2 million, Kislak says

A longtime owner has sold a 76-unit apartment complex in New York’s Sullivan County for $3.225 million, in a deal arranged by The Kislak Co. Inc.

Industrial
Larken eyes 71,000 sq. ft. of new shallow-bay industrial space with latest Flemington project

Larken Associates has broken ground on a project that will add nearly 71,000 square feet to its portfolio of shallow-bay industrial space in Flemington, the firm announced Tuesday.

Top News
Legacy-led JV acquires 126,000 sq. ft. former Casio headquarters in Morris County

A joint venture has acquired the former Casio America Inc. headquarters in Dover, adding more than 126,000 square feet of commercial space that it will update and look to fill with new users.

Industrial
Renewal by trucking firm among 55,000 sq. ft. in new Fairfield industrial deals by RRNNJ

A logistics company that occupies more than 48,000 square feet of industrial space in Fairfield has renewed its lease, in one of three new deals by Resource Realty of Northern New Jersey.

Retail
C&W: Investor buys seven-building Flagstar Bank portfolio in North Jersey for $4.4 million

Seven former Flagstar Bank branches in northern New Jersey have changed hands for a combined $4.4 million, according to a listing team with Cushman & Wakefield.

Professional Services
KSS names five new principals after promotions in Princeton, Philly offices

KSS Architects has announced five new principals, touting them as the next generation of its leadership teams across its New Jersey and Pennsylvania offices.

Top News
VanRockCRE launches with longtime brokers Huter, Palestina at the helm

Veteran brokers CJ Huter and Marc Palestina have launched VanRockCRE, a new commercial real estate services firm focused on retail and mixed-use properties in New Jersey.

Government & Public Policy
Hartz lands $57 million Aspire award to clean up, redevelop Secaucus site as 775,000 sq. ft. warehouse

Hartz Mountain Industries will build a new 775,000-square-foot warehouse in Secaucus with the help of a nearly $57 million tax credit under New Jersey’s Aspire program, following a major environmental cleanup at the site that allows it to qualify for the incentive award.

Retail
Jiu-Jitsu gym takes 2,100 sq. ft. in Pine Brook for second location, Azarian says

A martial arts studio has leased more than 2,100 square feet at a Morris County shopping center, in a newly announced deal by Azarian Realty Co.