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
Leica Camera to move North American HQ to Sanzari’s Glenpointe campus

Leica Camera Inc. has signed a long-term lease to bring its North American headquarters to Glenpointe, Alfred Sanzari Enterprises’ flagship business campus in Teaneck.

Industrial
Bergen County light industrial building on the market, priced to sell for $30 million

The owner of a light industrial building in Fair Lawn is looking to sell the nearly 150,000-square-foot property, in a new offering by JLL’s New Jersey capital markets team.

Professional Services
Veteran broker Schubert joins Lee & Associates New Jersey as partner

Lee & Associates New Jersey has announced the addition of longtime office broker Geoffrey Schubert, adding a 54-year industry veteran to its Elmwood Park-based team.

Professional Services
Gilbane taps Cornick as vice president, New Jersey business unit leader

Gilbane Building Co. has named a new head of its New Jersey office, promoting a longtime team member to the role of vice president and business unit leader in the state.

Office
Silverman Group sells 133,000 sq. ft. Florham Park office campus for $25 million, CBRE says

The Silverman Group has sold a two-building office complex in Florham Park, fetching $24.5 million for the nearly 133,000-square-foot property.

Residential & Mixed Use
Six-building, 132-unit Monmouth apartment complex fetches $29 million, Kislak says

An investor has purchased a 132-unit apartment complex in Keyport for $29 million, under a deal arranged by The Kislak Co. Inc.

Health Care & Education
Freehold medical office building trades for $8.2 million

A real estate investment trust has purchased a medical office building in Freehold for $8.2 million, according to a brokerage team with Physician Real Estate Capital Advisors.

Residential & Mixed Use
New 296-unit Garwood rental property more than 50 percent leased, Russo says

Renters have leased more than 50 percent of a new 296-unit luxury apartment property in Garwood, one of the latest pieces of Russo Development’s vast multifamily platform.

Retail
NAI Hanson: SportsCare takes 2,400 sq. ft. at Bergenfield strip center

A physical therapy chain has leased nearly 2,500 square feet of retail space in downtown Bergenfield, in a newly announced transaction by NAI James E. Hanson.

Industrial
CenterPoint buys 117,000 sq. ft. warehouse in Wayne, NAI Hanson says

CenterPoint Properties has acquired another New Jersey industrial building, adding more than 117,000 square feet in Wayne near the intersection of Route 23 and Interstate 80.