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.

Health Care & Education
CBRE: Vacancy in New Jersey lab, R&D space ticks down, with large users still in the market

The stock of available life sciences space in New Jersey continues to shrink, despite some headwinds, following strong activity in 2022 and what’s likely to be ongoing demand.

Deals
NAI Hanson inks sale of parking lot, would-be development site in downtown Newark

A prospective developer has acquired a parking lot in Newark’s growing Lincoln Park neighborhood, in a recent deal by NAI James E. Hanson.

Industrial
Reusable grocery bag maker takes 11,000 sq. ft. in Somerset, BRC says

A maker of reusable grocery bags has leased 11,000 square feet of warehouse space in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Professional Services
Ware Malcomb promotes Rodgers to director of public relations, communications

Design firm Ware Malcomb has elevated Maria Rodgers to director of public relations and communications, marking her second promotion since the start of last year.

Professional Services
Interiors firm dancker acquires Maryland-based workplace technology company

dancker, the Somerville-based interior solutions firm, has expanded its platform with the acquisition of a workplace technology integrator.

Office
Commvault to sell Fort Monmouth headquarters for $40 million, lease back ‘small footprint’

Data management giant Commvault is selling and leasing back a fraction of its 275,000-square-foot headquarters in the Tinton Falls section of Fort Monmouth, it said this week.

Residential & Mixed Use
Trammell Crow taps Adamo as senior vice president for Northeast multifamily business

Trammell Crow Co. has named a new senior vice president to help grow its multifamily development pipeline in the tristate area.

Residential & Mixed Use
Accurate unveils 105-unit luxury rental property in downtown Bound Brook

Accurate has launched leasing at a new 105-unit multifamily property in Bound Brook, in the latest addition to its portfolio and to the borough’s stock of high-end apartments.

Office
Edron Realty sells 45,000 sq. ft. micro-office building in Elizabeth, Gebroe-Hammer says

The longtime owner of a 45,000-square-foot mixed-use building in downtown Elizabeth has sold the property, according to a brokerage team with Gebroe-Hammer Associates.

Office
Zimmel: Logistics firm buys 46,000 sq. ft. Matawan office building as investor-user

A logistics services firm has purchased a 46,000-square-foot office building in Matawan for $7.6 million, in a newly announced deal by Zimmel Associates.