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.

Office
Sanzari signs 13,000 sq. ft. office lease in Teaneck with global telecom firm

Alfred Sanzari Enterprises has secured another office tenant at its Glenpointe campus in Teaneck, where a global telecommunications firm has leased nearly 13,000 square feet.

People
Larken taps longtime residential leasing agent for new post with commercial team

Larken Associates has announced a new addition to Raider Realty, its in-house commercial brokerage division, tapping a longtime member of its residential team for the post.

Residential & Mixed Use
Family sells 126-unit Elizabeth apartment complex after 40 years, Gebroe-Hammer says

The longtime owner of a 126-unit garden apartment complex in downtown Elizabeth has sold the property, in a newly announced deal by Gebroe-Hammer Associates.

Professional Services
JLL promotes DeVesty to director with Morristown-based capital markets team

JLL has promoted a longtime member of its New Jersey-based capital markets team to a production role focused on multifamily investment sales.

Industrial
Lee & Associates: Water filtration company takes 16,000 sq. ft. in Whippany

A water technology company has leased 16,000 square feet of industrial space in the Whippany section of Hanover, according to a brokerage team with Lee & Associates New Jersey.

Retail
Paramount Assets buys 5,000 sq. ft. retail, commercial building in Elizabeth, RIPCO says

Paramount Assets has purchased a 5,000-square-foot retail and commercial building in Elizabeth for nearly $900,000, brokers with RIPCO Real Estate announced Monday.

Professional Services
Sitar hires new sales associate focused on industrial, multifamily

Sitar Realty Co. has announced the addition of a sales associate to its Woodbridge-based team of brokerage professionals.

Office
Veris places another Harborside office tower, land site under contract for combined $104 million

Veris Residential Inc. has agreed to sell two additional pieces of its flagship Harborside campus in Jersey City, including a nearly 250,000-square-foot office building and a development parcel that was once slated for more than 1 million square feet of additional space.

People
Rockefeller Group’s Leondi joins National Institute of Building Sciences as board member

A key executive with Rockefeller Group’s Morristown-based team is among five new board members at The National Institute of Building Sciences.

Retail
Retail tenants combine for 13,000 sq. ft. in Hunterdon, Union in newest deals by CBRE

Manhattan Bagel has taken nearly 3,000 square feet for a new standalone location in Flemington, in one of three newly announced leases by CBRE.