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.

Deals
NAI Mertz inks new lease in Pennsylvania for growing badminton, table tennis business

A badminton and table tennis club has leased space in Pennsylvania’s Bucks County, about 45 miles west of New Jersey, in a deal arranged by NAI Mertz.

Industrial
Goodman launches leasing for planned 100,000 sq. ft. industrial building in Carlstadt

Construction is set to begin on a 100,000-square-foot industrial building in Carlstadt, in a project that will bring modern logistics space to the aging Meadowlands submarket.

Residential & Mixed Use
Fox and Foxx eyes 85-unit rental project in Green Brook, continuing move into multifamily

A longtime homebuilder in New Jersey has entered the multifamily sector with two projects in Edison and plans for another in the Somerset County township of Green Brook.

Residential & Mixed Use
Sheldon Gross, Berkadia close $4 million sale of 21-unit South Orange rental building

The longtime owner of a 21-unit apartment building in South Orange has sold the property for $4.1 million, in a deal arranged by Sheldon Gross Realty and Berkadia.

Professional Services
Bertone Piccini deepens real estate law team with newest attorney hires

Bertone Piccini LLP has bolstered its real estate practice with two recent additions to its Hasbrouck Heights-based team.

Health Care & Education
Fennelly: East Windsor medical office building trades for $3 million

A private investor has purchased a single-tenant, 10,000-square-foot medical office building in East Windsor, brokers with Fennelly Associates announced Wednesday.

Industrial
Flemington business park is 55 percent preleased after newest deals, Larken says

Larken Associates has preleased more than 50 percent of a new four-building, 150,000-square-foot flex industrial park under construction in Flemington.

Residential & Mixed Use
New 60-unit apartment building in Rutherford is 50 percent leased, developer says

Renters are snapping up apartments at Vango Development’s new 60-unit building in Rutherford, the second phase of a project in the borough’s downtown.

Retail
Plans to revamp mall parcels with new apartments, public space taking shape across New Jersey

Redevelopment is coming to some of New Jersey’s largest malls, as owners and local officials weigh plans to add apartments, health care facilities and vibrant public spaces meant to infuse them with new foot traffic. Proponents say the projects are essential to the long-term health of even the most successful assets. In other cases, they’re a potential lifeline to once-dominant shopping hubs that have become obsolete and seen their values plummet in recent years.

Industrial
Petrucci, FedEx sign 100,000 sq. ft. renewal for last-mile facility in Hamilton

FedEx has signed a lease renewal for its last-mile distribution facility in Hamilton, where it occupies 100,000 square feet under a deal with J.G. Petrucci Co. Inc.