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
Investor buys historic 331,000 sq. ft. industrial complex in Paterson, C&W says

An investor has acquired a historic seven-building, 331,000-square-foot industrial complex in Paterson, in a newly announced transaction by Cushman & Wakefield.

Industrial
Kokes inks purchase of net-lease fitness center building in Monmouth

Kokes Properties has expanded its holdings with the acquisition of a roughly 16,000-square-foot fitness and training facility building in Wall Township.

Health Care & Education
Dentist finds new location in Englewood Cliffs, leasing 1,100 sq. ft.

A dental practice is moving within Englewood Cliffs after signing a new lease for 1,100 square feet of medical office space, brokers with NAI James E. Hanson announced Wednesday.

Residential & Mixed Use
Morristown: Developer hits new leasing milestone at 58-unit apartment building

PCD Development has nearly completed its lease-up of a 58-unit luxury apartment building in Morristown, working alongside agents with Coldwell Banker New Homes.

Roundtable
What will be the pandemic’s longest-lasting impact(s) on New Jersey’s multifamily sector?

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.

Residential & Mixed Use
Three-property, 113-unit rental portfolio in East Orange trades for $15 million

A private investor has acquired a 113-unit apartment portfolio in East Orange for nearly $15 million, under a newly announced transaction by Gebroe-Hammer Associates.

Professional Services
B6 adds new director to North Jersey capital advisory team

B6 Real Estate Advisors has bolstered its team in New Jersey with the appointment of a new director, in one of several newly announced moves by the capital markets firm.

Office
Accordia: Tenant at Fairfield office building expands again, adding 5,000 sq. ft.

Accordia Realty Ventures has secured a lease expansion at a Fairfield office building, inking a 5,000-square-foot deal with a commercial insurance and group benefits provider.

Industrial
Yogurt bar maker expands to 33,000 sq. ft. at Piscataway industrial park, Zimmel says

A snack maker has expanded its presence at a Piscataway industrial park, leasing another 13,000 square feet beyond its original 20,000-square-foot commitment.

Health Care & Education
Plastic surgeon acquires 2,400 sq. ft. medical office condo in Ridgefield, NAI Hanson says

A plastic surgery practice is expanding into New Jersey with its purchase of a medical office condominium in Ridgefield, according to brokers with NAI James E. Hanson.