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
Fully occupied, 19,000 sq. ft. Parsippany office building trades for $4.4 million

Colliers has facilitated the sale of a 19,298-square-foot boutique office building in Parsippany for $4.4 million to a private New Jersey-based investor.

Office
Joint venture buys 66,000 sq. ft. medical office building in Hackettstown

A joint venture has purchased a nearly 66,000-square-foot medical office building in Hackettstown, according to JLL’s New Jersey capital markets team.

Retail
Larken Associates renews lease with new owners of The Goddard School in Branchburg

Larken Associates has negotiated a lease to keep The Goddard School at its Branchburg Commons campus in Branchburg.

Office
Habitat for Humanity South-Central New Jersey takes 5,000 sq. ft. in Moorestown

The owner of a Burlington County office building has welcomed Habitat for Humanity as one of its newest tenants, brokers with Vantage Commercial announced.

Office
In-home care provider leases 2,400 sq. ft. in Summit, NAI Hanson says

A growing provider of in-home care has taken more than 2,400 square feet of office space in downtown Summit, brokers with NAI James E. Hanson said Wednesday.

Industrial
Blau & Berg: Developer eyes 750,000 sq. ft. logistics park after assembling Woodbridge site

A developer has assembled some 38 acres in Woodbridge that could house nearly 750,000 square feet of new industrial space, following a series of deals by The Blau & Berg Co.

Office
Tech firm’s 7,500 sq. ft. lease in Hoboken among new deals by Equity Real Estate Brokerage

A technology firm has leased 7,500 square feet of office and research space in downtown Hoboken, in one of several newly announced deals by Equity Real Estate Brokerage LLC.

Professional Services
Veteran broker joins Sheldon Gross as V.P. for multifamily sales, redevelopment

Sheldon Gross Realty has named a new vice president for multifamily investment sales and redevelopment, the West Orange-based firm announced.

Residential & Mixed Use
Russo details start of 297-unit rental project at Newark’s Broad Street station

Russo Development has broken ground in Newark on a project that will bring nearly 300 apartments to a site just north of Interstate 280 and NJ Transit’s Broad Street station.

Finance & Capital Markets
STRO, KRE ink $60 million refi of new 205,000 sq. ft. Woodland Park industrial building

The STRO Cos. and Kushner Real Estate Group have secured $60 million to refinance a new 205,000-square-foot industrial development in Woodland Park.