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.

Industrial
Servpro franchise renews for 8,400 sq. ft. in Mountainside, NAI Hanson says

NAI James E. Hanson has negotiated a renewal for 8,350 square feet of industrial space in Mountainside, the home of a local Servpro franchise.

Health Care & Education
Larken Associates inks expansion for pediatric dental office near Princeton

A child dental practice has expanded its footprint at a Montgomery office park as part of a recent lease with Larken Associates.

Residential & Mixed Use
Albanese closes $70 million land deal in Jersey City, eyes 670-unit apartment tower

A developer has acquired nearly two acres in Jersey City with plans to build 670 luxury apartments on the property, in a recently completed deal by Grid Real Estate.

Office
Veris Residential to sell flagship Harborside office buildings in Jersey City for $420 million

Veris Residential Inc. has agreed to sell its iconic Harborside 1, 2 and 3 buildings in Jersey City for $420 million, in a deal that all but completes its exit from traditional commercial assets.

Industrial
Dermody taps former Duke Realty exec as senior VP for development in east region

Dermody Properties has named a new senior vice president for development in its east region office, the industrial real estate builder and investment firm announced Monday.

Office
Sanzari debuts high-end, 3,400 sq. ft. dining hall concept at Glenpointe campus

Alfred Sanzari Enterprises has unveiled a new 3,350-square-foot, upscale dining hall at its Glenpointe campus in Teaneck, marking the latest addition to its flagship office property.

Retail
Craft brewery, tasting room set to open new 12,000 sq. ft. location at Fort Monmouth

A craft brewery is set to open its doors at Fort Monmouth after recently leasing space at a repurposed commissary building, according to a brokerage team with Pierson Commercial.

Retail
Lighting business takes 7,000 sq. ft. for new Paramus location, Goldstein Group says

A well-known lighting business has found a new home in Paramus after leasing more than 7,000 square feet on Route 4, brokers with The Goldstein Group announced Monday.

Industrial
Samsung takes 735,000 sq. ft. in Linden, as N.J. industrial rents continue surge in Q3

Industrial rents in northern and central New Jersey continued to soar in the third quarter, amid ongoing demand for relatively few spaces and locations near the New Jersey Turnpike, fueling deals such as Samsung’s lease for more than 735,000 square feet in Linden.

Professional Services
CSG adds four attorneys, group administrator to real estate practice

Chiesa Shahinian & Giantomasi PC has announced five new additions to its team of real estate, development and land use attorneys.