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.

People
Diversified Properties taps Leifer as director of acquisitions, development

Diversified Properties has hired a longtime real estate executive as its new director of acquisitions and development, the Montville-based firm announced.

Industrial
Newark’s Ballantine Industrial Center fully leased after 21,000 sq. ft. deal, NAI Hanson says

A business that serves the fashion industry has expanded its footprint at the former Ballantine Brewery complex in Newark, bringing the sprawling property to full occupancy.

Retail
JRM details new store fit-outs for Peloton, Versace at The Mall at Short Hills

Two well-known retailers have debuted new spaces at The Mall at Short Hills after fit-out projects by JRM Construction Management, the firm announced Tuesday.

Top News
L’Oréal details plan for new $140 million research, innovation center in Clark

L’Oréal USA has unveiled plans for a new $140 million research and innovation center in Clark, where it’s replacing facilities that it has occupied in the area for more than six decades.

Industrial
Prologis, Dotcom Distribution ink 400,000 sq. ft. extension in Edison, Avison Young says

Prologis Inc. and Dotcom Distribution, an e-commerce fulfillment provider, have signed a lease extension for more than 400,000 square feet of industrial space in Edison.

Office
Two-story, 49,000 sq. ft. Manalapan office building trades for $4.3 million

The longtime owner of a 49,000-square-foot office building in Monmouth County has sold the property for $4.3 million, in a deal arranged by NAI DiLeo-Bram & Co.

Professional Services
NAI Hanson promotes two to associate vice president

NAI James E. Hanson has promoted brokers Lorenzo Lambiase and Cameron Silverstein to the role of associate vice president, the Teterboro-based firm announced Monday.

Retail
National food lab takes 9,000 sq. ft. in Bound Brook, BCREG says

A national food testing company is expanding in the region with a nearly 9,000-square-foot lease in Bound Brook, according to The Boniakowski Commercial Real Estate Group.

Industrial
Developer eyes 1.2 million sq. ft. industrial project in Northeast Pennsylvania, JLL says

A national investor has acquired an 85-acre development site in Pennsylvania, about 20 miles outside New Jersey, with plans to build 1.2 million square feet of modern industrial space.

Top News
Construction set to begin on 155,000 sq. ft. Brookfield industrial building in Fair Lawn

Brookfield Properties is bringing more than 150,000 square feet of new industrial space to the Bergen County borough of Fair Lawn, with construction set to begin in the months ahead.