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
Larken, pediatric practice ink 1,400 sq. ft. medical office lease in Parsippany

Larken Associates has added a new tenant at a Parsippany office building, having leased nearly 1,400 square feet to a pediatric practice.

Office
Marcus: Redeveloped boutique office building in Summit trades for $12.6 million.

An investor has acquired a boutique office building in downtown Summit for more than $12.5 million, in a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Investor acquires East Brunswick development site, eyes 96-unit rental project

An investment firm has acquired a seven-acre development site in East Brunswick, where it plans to build nearly 100 new apartments about a mile from Route 18.

Industrial
BRC adds sales associate to Edison-based team

Bussel Realty Corp. has expanded its brokerage team with the hiring of a new sales associate.

Industrial
Larken inks two new leases at sprawling Hillsborough business park

Two new tenants have combined to lease more than 2,600 square feet at a sprawling business park in Hillsborough, in a set of transactions announced by Larken Associates.

Office
Bergman acquires 237,000 sq. ft. Giralda Farms office building in Madison

Bergman Real Estate Group has added to its suburban office holdings in the state, acquiring a piece of the well-known Giralda Farms corporate campus in Madison.

Office
Altera, Avison Young detail plans to overhaul 70,000 sq. ft. office building in West Orange

An investment firm has unveiled plans to modernize a 70,000-square-foot medical office building in West Orange, in a newly announced project by Avison Young’s New Jersey team.

Office
Newmark: Health care, business litigation law firm expands to 18,000 sq. ft. in Paramus

A law firm is relocating and expanding to more than 18,000 square feet inside a Paramus office building, under a newly announced transaction by Newmark.

Residential & Mixed Use
Builder acquires Hackensack parcels, securing approvals for 224 apartments, NAI Hanson says

A construction firm has closed on four adjacent parcels in downtown Hackensack, having secured approvals to build 224 new apartments with ground-floor retail space.

Finance & Capital Markets
Progress inks $20 million construction loan for new luxury rentals in East Orange

The developer of a new 119-unit luxury apartment building in East Orange has landed nearly $20 million in financing, according to a debt advisory team with Progress Capital.