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
JRM touts new build-out of 99,000 sq. ft. WebMD office in Newark (SLIDESHOW)

JRM Construction Management has completed its build-out of a two-level, 99,000-square-foot office space in Newark that will house the online health publisher WebMD.

Professional Services
AST expands platform with launch of residential brokerage model

Real estate firm development and financing firm AST has launched a new brokerage division, marking a new offering for homebuilders and another piece of its growing platform.

Industrial
Branchburg industrial condos totaling 15,000 sq. ft. trade for $2.7 million, Deluccia says

Deluccia Commercial Group has brokered the sale of three contiguous, 5,000-square-foot industrial condominium units in Somerset County for $2.7 million.

Residential & Mixed Use
Investors wanted for iconic Hahne & Co. mixed-use property in Newark, W&D says

The team behind the restoration of the historic Hahne & Co. building in Newark is seeking investors for the property, in a newly announced offering by Walker & Dunlop.

Industrial
Sitex adds 40,000 sq. ft. Avenel industrial building for $20 million, in short-term sale-leaseback

Sitex Group has purchased a 40,000-square-foot industrial building in the Avenel section of Woodbridge for $19.7 million, in a newly announced deal by Bussel Realty Corp.

Finance & Capital Markets
JLL: Developer of new 30-unit apartment building in Norwood refis for $10 million

JLL has arranged $10 million in refinancing for a recently completed, 30-unit apartment building in the Bergen County borough of Norwood.

Industrial
Business owner sells 33,000 sq. ft. Tinton Falls industrial building, Zimmel says

The owner of a plumbing and heating supply business has sold a 33,000-square-foot industrial building in Tinton Falls for $5.4 million, brokers with Zimmel Associates announced.

Industrial
Sitar inks sale of 39,000 sq. ft. warehouse, office asset in Wall for Manasquan Bank

Manasquan Bank has sold a nearly 39,000-square-foot warehouse and office building in Wall Township for $7.7 million, according to brokers with Sitar Realty Co.

Health Care & Education
NAI Hanson completes lease to bring primary care practice to Wayne

NAI James E. Hanson has negotiated the lease of 2,521 square feet of medical office space in Wayne, the real estate services firm announced Tuesday.

Office
Co-working, flex space provider adds Matawan location, expanding New Jersey footprint

A network of flexible workspace providers has opened a new location in Matawan, its latest in New Jersey and one of more than 70 co-working spaces in the U.S.