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
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.

Professional Services
Engineer returns to PS&S as senior vice president

A veteran engineer has rejoined PS&S, where she will serve as a senior vice president with a focus on infrastructure and site development projects.

Professional Services
Rock Brook names new assistant project manager after recent promotion

The Rock Brook Consulting Group PA has announced a promotion on its New Jersey-based project management team.

Professional Services
Structural Workshop taps Denaga as head of drafting department

Structural Workshop, a Mountain Lakes-based engineering and consulting firm, has named a new head of its drafting department.

Industrial
Faropoint sells multistate, 6.8 million sq. ft. industrial portfolio for $481 million

Investment firm Faropoint has sold a multistate, 6.8 million-square-foot portfolio of warehouse and light industrial properties for $481 million.