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
Electronics maker preleases 30,000 sq. ft. Piscataway warehouse, LMC says

An electronics manufacturer has taken 30,000 square feet at a nearly complete warehouse in Piscataway, in the latest addition to an industrial park near Interstate 287.

Professional Services
Son of late Sheldon Gross Realty founder rejoins firm, as senior vice president

A member of the Gross family has rejoined Sheldon Gross Realty, the West Orange-based firm founded more than 60 years ago.

Office
Nonprofit buys 26,000 sq. ft. Jamesburg office building, Lee & Associates New Jersey says

A former school building in Jamesburg that now houses more than 26,000 square feet of office space has traded for $4.4 million, in a deal arranged by Lee & Associates New Jersey.

Residential & Mixed Use
Prism debuts two new apartment buildings at 252-unit Dunellen project

Prism Capital Partners has completed two additional buildings at a luxury residential development across from the Dunellen train station.

Health Care & Education
Deluccia: Social services provider takes 6,000 sq. ft. for new Bridgewater facility

A facility serving individuals with developmental and related disabilities has leased 6,000 square feet along Route 22 in Bridgewater, according to Deluccia Commercial Group.

Hospitality & Tourism
Veris sells Port Imperial hotels for $97 million, completing exit from hospitality sector

Veris Residential Inc. has completed its exit from the hotel business after selling two Weehawken properties for a combined $97 million, the company announced this week.

Office
C&W details 117,000 sq. ft. in new leases, renewals at Opal portfolio in Metropark

An accounting firm has extended its nearly 31,000-square-foot lease in Woodbridge, in one of several newly announced deals in Opal Holdings’ six-building office portfolio in the region.

Office
Matrix adds new food option, touts 37,000 sq. ft. in leasing at Newark Legal Center

Matrix Development Group has announced a flurry of new leasing activity at the office tower known as the Newark Legal Center, where it’s also welcoming a new café operator.

Retail
Cervelli marketing 2,900 sq. ft. restaurant, retail space at new Jersey City building

A developer has hired Cervelli Real Estate as its leasing agent for a soon-to-be-complete restaurant and retail space in Jersey City’s McGinley Square neighborhood.

Office
Fennelly inks sale of 3,400 sq. ft. Hamilton medical office building

A private investor has purchased a 3,400-square-foot medical office building in Hamilton, in a newly announced deal by Fennelly Associates.