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

Advance, Greek sell 1.1 million sq. ft. Target facility in Logan, in $265 million deal

A joint venture has sold a newly built, 1.1 million-square-foot Target facility and a nearby parcel in Logan Township for $265 million, in a transaction arranged by CBRE.

CBRE: Pipeline for office conversions on the rise in New Jersey, exceeding 8.6 million sq. ft.

Developers are on track to remove nearly 9 million square feet of obsolete office space in New Jersey, as they repurpose the sites with in-demand uses such as industrial and apartments.

People

RBH Group names new COO, announces three promotions

Development firm RBH Group LLC has announced the hiring of a new chief operating officer as well as the promotion of three other executives.

Residential & Mixed Use

Woodmont marks opening, leasing momentum at new West Windsor rentals

Woodmont Properties has taken the wraps off a new luxury apartment complex in West Windsor, having already rented nearly a third of its 443 units at the site.

Office

Larken brings speaking agency to Branchburg office building

Larken Associates is set to welcome a new tenant to a Branchburg office building, having leased more than 1,300 square feet to an agency that represents prominent public speakers.

Health Care & Education

Doctor buys 1,200 sq. ft. office condo in Mahwah, NAI Hanson says

A physician has found a new home for her practice after purchasing a medical office condominium in Mahwah, according to brokers with NAI James E. Hanson.

Residential & Mixed Use

Gebroe-Hammer inks $12 million sale of 88-unit apartment portfolio in East Orange

A private investor has purchased a two-building, 88-unit apartment portfolio in East Orange for nearly $12 million, according to a brokerage team with Gebroe-Hammer Associates.

People

Stro names new chief operating officer

The Stro Cos. has tapped a veteran commercial real estate executive as its new chief operating officer.

Office

Solar company takes 9,000 sq. ft. in Jersey City office deal, C&W says

A solar energy company has leased more than 9,000 square feet of office space in Jersey City, in a newly announced transaction by Cushman & Wakefield.

Retail

LMC: Poke bowl shop takes 2,400 sq. ft. at Flemington shopping center

An Asian fusion restaurant has committed to a new location in Flemington, having leased more than 2,000 square feet inside a prominent shopping center in the borough.