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
Buyer adds 5,000 sq. ft. office, retail property in Chatham for $2.35 million, Kislak says

An office and retail property in Chatham has changed hands for $2.35 million — or $470 per square foot — in a newly announced deal by Kislak Commercial Real Estate Services Inc.

Retail
Blau & Berg: Site of ex-bakery in Kearny sold, slated for renovations

The former site of a well-known bakery in Kearny has changed hands, brokers with The Blau & Berg Co. announced Wednesday.

Finance & Capital Markets
JLL: Denholtz inks $11 million permanent loan for 288-unit high-rise complex in Rahway

Denholtz Properties has closed on $11 million in permanent financing for a two-building, 288-unit apartment property in downtown Rahway.

Residential & Mixed Use
Paramount nears completion of 70-unit rental building in Plainfield

Paramount Assets is set to unveil a new 70-unit luxury apartment building in Plainfield that has helped revitalize the former site of a used car dealership.

Industrial
Greek announces key promotions, new hires for third-party construction team

Greek Development has announced a flurry of promotions and new hires in connection with its fast-growing, third-party construction and project management division.

People
STRO taps 20-year real estate veteran as chief operating officer

The STRO Cos. has announced the hiring of a new chief operating officer.

Office
Consultant takes 5,465 sq. ft. at new mixed-use Somerville building, Deluccia says

A consultant for large-scale utility projects has leased nearly 5,500 square feet at a new mixed-use building in Somerville, in a deal arranged by Deluccia Commercial Group.

Government & Public Policy
Montgomery opens new 62,000 sq. ft. municipal center after DMR-designed project

DMR Architects is marking the completion of a new municipal center in Montgomery Township, with a design that honors the community’s heritage while modernizing its facilities.

Professional Services
NAI Mertz adds construction, facilities executive with deep ties to public sector

A longtime business owner and member of the state’s facilities and leasing team has joined NAI Mertz as a director for the office division, the Mount Laurel-based firm said Tuesday.

Office
Office construction booms in Lakewood amid stunning influx of residents, businesses

Those heralding the death of the suburban office park may not have seen Lakewood recently, where the growth of Class A space is defying conventional wisdom and statewide trends.