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
Two-building, 75,000 sq. ft. industrial portfolio in Clark trades for $11 million, Zimmel says

Affiliates of Denholtz Properties have sold more than 75,000 square feet of flex industrial space in Clark, under a deal arranged by Zimmel Associates.

Office
NAI Hanson: Investor buys 10,000 sq. ft. mixed-use building in Flemington

The longtime owners of a 10,000-square-foot mixed-use building in downtown Flemington have sold the property, according to a broker with NAI James E. Hanson.

Industrial
BRC: Dredging company takes 14,000 sq. ft. in Hillside industrial deal

A dredging and marine salvage company has leased more than 14,000 square feet at a Hillside industrial building, in a newly announced deal by Bussel Realty Corp.

Top News
AT&T is leaving its iconic campus in Bedminster. Local officials say they’re more than ready.

Bedminster Township has spent eight years preparing for the possibility that AT&T would vacate its iconic 1.1 million-square-foot campus near the junction of interstates 78 and 287, culminating in in a recent vote to rezone the 194-acre property. Now that the move is imminent, local officials are confident that their efforts will pay off.

Industrial
McBride: Goodman buys second Carlstadt parcel, plans 100,000 sq. ft. warehouse

A developer is planning a new 100,000-square-foot warehouse in Carlstadt after acquiring the second of two adjacent properties, in a deal arranged by McBride Corporate Real Estate.

Professional Services
Fox Rothschild names new partner on Morristown-based real estate team

Fox Rothschild LLP has promoted a member of its Morristown-based real estate and land use teams to partner, doing so as part of a series of moves across its national footprint.

Professional Services
AMHigley adds construction manager to Morristown-based team

The Albert M. Higley Co. has made another new hire in New Jersey, adding a construction manager to its recently opened Morristown office.

Photos
IOREBA hosts bourbon tasting in Fairfield

A group of New Jersey commercial real estate leaders kicked back last week for a special bourbon tasting hosted by the Industrial & Office Real Estate Brokers Association.

Top News
Onyx rebrands Merck campus in Kenilworth, plans full marketing push at BIO conference

Onyx Equities has revealed new details of its plan for the 2 million-square-foot former Merck & Co. campus in Kenilworth, as it prepares a broad campaign to attract life sciences and biotechnology firms seeking both turnkey space and new ground-up facilities.

Industrial
Prologis buys 25,000 sq. ft. Lodi industrial building for $5.5 million, CBRE says

Prologis Inc. has acquired a nearly 25,000-square-foot industrial building in Lodi for $5.5 million, brokers with CBRE announced Thursday.