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
NAI Hanson inks sale of 8,000 sq. ft. Hackensack warehouse

An owner-occupier has purchased a nearly 8,000-square-foot industrial building in Hackensack, in a newly announced deal by NAI James E. Hanson.

Residential & Mixed Use
Larken Associates’ Irwin elevated to property manager

Larken Associates has promoted a leasing consultant on its multifamily team to the role of property manager, the Branchburg-based firm announced Tuesday.

Residential & Mixed Use
Petrucci, TD+ Partners unveil 172-unit rental property in East Orange

J.G. Petrucci Co. Inc. has completed a new 172-unit luxury apartment building in East Orange, having transformed what was a vacant site about two blocks from Interstate 280.

Finance & Capital Markets
Developers ink $180 million construction loan for 1.7 million sq. ft. Pennsville logistics park

A joint venture has secured a $180 million construction loan for what will be a two-building, 1.7 million-square-foot industrial park just off the Delaware Memorial Bridge in Salem County.

Office
C&W: Nashville-based buyer enters New Jersey market, inks $40 million medical office deal

The Silverman Group has shed more than 130,000 square feet of medical office space in New Jersey, selling a portfolio in Essex and Union counties for more than $40 million.

Professional Services
Garibaldi Group broker, cancer survivor, completes first deals after joining firm

The Garibaldi Group’s newest broker has inked his first two deals for the firm, completing office leases in May that allowed two clients to find new space in Morris County.

Residential & Mixed Use
Vango debuts 60 units for second phase of Rutherford rental project

Vango Development has launched leasing at 60 new luxury apartments in downtown Rutherford, in the second piece of a project just two blocks from the borough’s train station.

Office
Historic camera maker opens new 12,000 sq. ft. North American headquarters at Glenpointe

A global camera manufacturer has unveiled its new North American headquarters in Teaneck after leasing space last spring at Alfred Sanzari Enterprises’ flagship Glenpointe campus.

Retail
Coffee, waffle shop opens at Walters-owned building in Toms River

A new coffee and waffles eatery has opened its doors at the Jersey Shore, where it’s leasing space at a property owned by Walters.

Industrial
Bathroom products wholesaler moving from Secaucus, takes 70,000 sq. ft. in Pennsylvania

A distributor of luxury bathroom products is relocating from Secaucus after leasing 70,000 square feet of industrial space in Central Pennsylvania, brokers with CBRE said Monday.