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.

Retail
Craft brewery, tasting room set to open new 12,000 sq. ft. location at Fort Monmouth

A craft brewery is set to open its doors at Fort Monmouth after recently leasing space at a repurposed commissary building, according to a brokerage team with Pierson Commercial.

Retail
Lighting business takes 7,000 sq. ft. for new Paramus location, Goldstein Group says

A well-known lighting business has found a new home in Paramus after leasing more than 7,000 square feet on Route 4, brokers with The Goldstein Group announced Monday.

Industrial
Samsung takes 735,000 sq. ft. in Linden, as N.J. industrial rents continue surge in Q3

Industrial rents in northern and central New Jersey continued to soar in the third quarter, amid ongoing demand for relatively few spaces and locations near the New Jersey Turnpike, fueling deals such as Samsung’s lease for more than 735,000 square feet in Linden.

Professional Services
CSG adds four attorneys, group administrator to real estate practice

Chiesa Shahinian & Giantomasi PC has announced five new additions to its team of real estate, development and land use attorneys.

Finance & Capital Markets
JLL sources $47 million acquisition loan for Thor industrial deal in Passaic

An institutional lender has provided $47 million in financing to Thor Equities Group for a recently acquired, 330,000-square-foot industrial building in Passaic.

Retail
Vietnamese restaurant inks lease at ex-Panera site in Delran, Vantage Commercial says

A new restaurant is coming to a former Panera space at a Burlington County shopping center, under a deal arranged by Vantage Commercial.

Industrial
Investment firm snags industrial property in Elizabeth, Linden for $47 million

A Dallas-based firm has expanded its New Jersey holdings with the addition of a 10-acre industrial site in Union County, under a deal arranged by Cushman & Wakefield.

People
Larken Associates taps Iacobucci as chief investment officer

Larken Associates has picked a veteran commercial real estate executive as its new chief investment officer.

Office
KS Group buys 9,000 sq. ft. office building in home city of Newark, brokers say

A locally based developer has purchased a 9,000-square-foot office building in Newark, according to a brokerage team with Lee & Associates New Jersey.

Office
NAI Hanson: Engineering firm inks 1,800 sq. ft. sublease in Allendale

A civil engineering firm has subleased 1,800 square feet of office space in the Bergen County borough of Allendale, in a newly announced deal by NAI James E. Hanson.