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
Atkins completes upgrades of 120,000 sq. ft. West Orange medical office building

Atkins Cos. has completed its renovation of a 120,000-square-foot medical office building in West Orange that it built nearly four decades ago.

Industrial
NAI Hanson completes sale of three-building property in Westwood

NAI James E. Hanson has negotiated the trade of a three-building property in the Bergen County borough of Westwood.

Industrial
Pool plastering business takes 8,000 sq. ft. in Plainfield, Boniakowski says

A swimming pool construction business has leased 8,000 square feet of warehouse space in Plainfield, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Industrial
Tenant takes 569,000 sq. ft. at new multistory Bronx warehouse, JLL Northeast team says

A joint venture has leased nearly 570,000 square feet at its newly developed, two-story logistics facility in the Bronx, in a deal by JLL’s Northeast Industrial team.

Office
Investors sell three-building, 554,000 sq. ft. Hopewell office portfolio for $224 million

An investment group has reaped nearly $224 million from its sale of three Hopewell office buildings totaling more than 550,000 square feet.

Finance & Capital Markets
Hampshire, Invesco score construction loan for 112,000 sq. ft. Meadowlands industrial project

A joint venture has closed on a construction loan for a development that will bring more than 110,000 of new logistics space to North Arlington, brokers with JLL announced Monday.

Retail
VanRock buys 14,000 sq. ft. Paramus strip center, Goldstein Group says

A local real estate firm has purchased a strip center along Route 17 in Paramus, in one of several newly announced deals by The Goldstein Group.

Residential & Mixed Use
Adoni hits 60 percent leased milestone at new Franklin Lakes rental property

Adoni Property Group has rented nearly two-thirds of a new boutique apartment building in Franklin Lakes, the developer announced Monday.

Retail
R.J. Brunelli named leasing agent for Brick Township shopping center

The owner of a nearly 250,000-square-foot shopping center in Brick Township has tapped R.J. Brunelli & Co. as its leasing agent for the newly updated property.

Residential & Mixed Use
Russo, local officials mark completion of long-awaited Garwood project’s first phase

Russo Development is marking the completion of nearly 300 new luxury apartments in Garwood, the first phase of a project that was more than 10 years in the making.