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.

Government & Public Policy
Netflix studio hub at Fort Monmouth closer to reality, emerges as top bid for 300-acre site

Netflix has taken a major step toward building a sprawling production studio in New Jersey, emerging as the preferred bidder for some 300 acres at the iconic Fort Monmouth property.

Government & Public Policy
Russo, Onyx and Terminal to lead transformation of NJ Transit’s Metropark station

State officials have picked Russo Development, Onyx Equities and Terminal Construction to spearhead a project that would reshape NJ Transit’s busy Metropark station in Woodbridge.

Finance & Capital Markets
C&W: Investors land $27 million acquisition loan for Port Newark spec industrial site

An investment group has procured a $27.3 million acquisition loan for a nearly 10-acre industrial parcel adjacent to Newark Liberty International Airport.

Industrial
Longpoint, glass distributor ink 29,000 sq. ft. industrial deal in Clifton, Lee & Associates says

A commercial glass distributor has leased 29,000 square feet of warehouse space in Clifton, in a newly announced deal by Lee & Associates New Jersey.

People
NAI Hanson promotes three brokers to associate vice president

By Tina Traster NAI James E. Hanson has promoted Justin Allessio, William Ericksen and Andrew Kirshenbaum to the role of associate vice president, the Teterboro-based firm announced. The company said that, since joining NAI Hanson in winter 2017, Alessio has…

Industrial
Donnelly breaks ground on 25,000 sq. ft. warehouse project in Wayne

Construction is underway for a new 25,000-square-foot industrial building in Wayne, one of two that a development team is planning for a site just west of routes 23 and 202.

Retail
Sanzari inks lease to bring global fitness franchise to Hackensack

A global fitness concept is coming to Hackensack after leasing space at Summit Plaza, an 88,000-square-foot retail complex owned by Alfred Sanzari Enterprises.

Office
AT&T leases 230,000 sq. ft. in Bedminster, plans move from iconic office campus

AT&T has signed a new lease at a 230,000-square-foot office property in Bedminster, reportedly with plans to relocate employees from its massive campus in township.

Office
Saxum sells repositioned Montclair office building for $4.4 million

Saxum Real Estate has sold a boutique office building in downtown Montclair for $4.4 million, in a recently completed deal by Marcus & Millichap.

Residential & Mixed Use
FirstService Residential names business development director for New Jersey, New York

FirstService Residential has hired a new business development director for the New Jersey and New York market, the property management company announced Tuesday.