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
New 191,000 sq. ft. industrial building coming to Route 1 in North Brunswick, C&W says

The developer of what will be nearly 200,000 square feet of new industrial space in North Brunswick has tapped Cushman & Wakefield to lease the property.

Residential & Mixed Use
Marcus inks sale of 15-unit Union City apartment building for $4.8 million

A seller has reaped nearly $5 million in the trade of a 15-unit apartment building in Union City, in a deal arranged by Marcus & Millichap.

Professional Services
JLL boosts tristate appraisal group with acquisition of Metropolitan Valuation Services

JLL has acquired Metropolitan Valuation Services, one of the region’s largest independent commercial property appraisal and real estate consulting firms, with an eye toward bolstering its in-house team amid a looming shift in real estate values.

Industrial
Larken announces new leases, expansion at 550,000 sq. ft. Hillsborough business park

Larken Associates has announced nearly 9,000 square feet in new leasing at its 550,000-square-foot Hillsborough Business Center in Somerset County.

Office
NAI Hanson: Speech, occupational therapy practice leases 4,000 sq. ft. in Wayne

A speech and occupational therapy group has taken 4,000 square feet of office space in Wayne, in a newly announced deal by NAI James E. Hanson.

Residential & Mixed Use
Gebroe-Hammer inks sale of Philadelphia apartments, rounding out $93 million in deals

The longtime owner of a 44-unit apartment complex in Philadelphia has sold the asset, in the newest of several recent deals in the city by Gebroe-Hammer Associates.

Residential & Mixed Use
Fort Lee apartment high-rise sells for $52 million

An investment firm has acquired a 128-unit apartment tower in Fort Lee for nearly $52 million, brokers with Cushman & Wakefield announced Tuesday.

Residential & Mixed Use
PREIT inks sale of Moorestown Mall parcel slated for 375 apartments

Moorestown Mall owner PREIT has completed its sale of two key parcels at the site, including one that’s slated for 375 apartments as part of an ongoing redevelopment plan.

People
Woodmont makes five new hires to support growing portfolio, development pipeline

Woodmont Properties has announced five new hires across its multifamily development, industrial, legal and marketing teams.

Industrial
STRO, Hispanic foods company sign 20,000 sq. ft. lease in Hackensack

The STRO Cos. has leased nearly 20,000 square feet of industrial space in Hackensack to a national food distributor, the real estate firm announced Tuesday.