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
Fennelly: Family owners sell medical office portfolio in Hamilton for $11 million

The longtime owners of two medical office properties in Hamilton have sold the portfolio for a combined $11.1 million, according to a brokerage team with Fennelly Associates.

Office
Investor buys 3,500 sq. ft. Totowa office building from Sheetmetal Contractors

An investor has acquired a 3,500-square-foot office building in Totowa, in a newly announced deal by Zoltek Commercial Real Estate Services.

Residential & Mixed Use
Kislak inks sale of Orange County apartment complex, development site for $3.5 million

A local owner has purchased a 20-unit apartment complex and an adjacent development site in New York’s Orange County, in a newly announced deal by The Kislak Co. Inc.

Industrial
Seagis adds 97,000 sq. ft. Avenel industrial building, reportedly for $24 million

Seagis Property Group has acquired a nearly 97,000-square-foot industrial building in Woodbridge as part of a sale-leaseback announced this week.

Office
Life sciences firm takes 27,000 sq. ft. at Princeton-area office building, CPN says

A contract research organization has leased nearly 27,000 square feet of office space in Plainsboro, in a newly announced deal by Commercial Property Network Inc.

People
Blau & Berg promotes Meade to senior associate

A broker with The Blau & Berg Co. has earned a promotion to senior associate.

Health Care & Education
AFC franchise team opens in Clark, eyes next urgent care location in Livingston

An AFC Urgent Care franchise has added new locations in Clark and Livingston, leasing a combined 8,000 square feet under a set of transactions by The Goldstein Group.

Office
Leasing slowdown, consolidations weigh on New Jersey office market, despite Class A deals

Office vacancy in northern and central New Jersey continued upward in early 2023, driven by a slowdown in leasing and large blocks of space flooding the market, even as high-end buildings remained a draw for tenants seeking a more modern work environment.

Residential & Mixed Use
Kokes, expanding to affordable housing, tapped to manage West Windsor rental property

Kokes Properties is expanding its presence in affordable housing with a new property management role at a 61-unit, income-restricted multifamily complex in West Windsor.

Office
Signature inks renewals with law firms in Parsippany, with Q1 deals totaling 29,000 sq. ft.

A regional law firm has renewed its nearly 8,600-square-foot lease for office space in Parsippany, in the largest of several newly announced deals by Signature Acquisitions.