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
Life sciences firm doubles footprint, takes 28,000 sq. ft. at Iselin office park

A genetic testing company has renewed and expanded its lease in the Iselin section of Woodbridge, where it now occupies a total of 28,000 square feet.

Residential & Mixed Use
Gebroe-Hammer inks sale of 39-unit Bloomfield apartment building

A private investor has purchased a 39-unit apartment building in southeastern Bloomfield, under a newly announced deal by Gebroe-Hammer Associates.

Finance & Capital Markets
JLL sources predevelopment, construction loan for Thor warehouse project in Bogota

Thor Equities Group has secured predevelopment and construction financing for a plan to build a nearly 151,000-square-foot industrial building in Bogota, according to brokers with JLL.

Office
NAI Hanson: Law firm sells 3,000 sq. ft. office space in Chester, signs new lease nearby

A law firm has found a new home in Morris County after leasing 3,000 square feet near its previous location on Route 24, in a deal arranged by NAI James E. Hanson.

Retail
Prism inks lease with Woodbridge salon, its third retail user at new 232-unit apartment building

Prism Capital Partners has signed another retail lease at its new downtown apartment building in Woodbridge, attracting a family-owned salon with deep ties to the central business district.

Industrial
STRO teams with KRE, Fidelco to buy 77,000 sq. ft. Newark industrial complex

Three of the state’s well-known commercial real estate firms have acquired a multi-building, 77,000-square-foot industrial complex just west of Newark Liberty International Airport.

Residential & Mixed Use
Veris Residential eyes debut of new 750-unit, ecofriendly apartment tower in Jersey City

Veris Residential Inc. has unveiled a new 56-story, 750-unit apartment tower in Jersey City with what it says is a focus on water efficiency, green energy and other sustainability features.

Professional Services
Deugen welcomes new team members in construction, development roles

Deugen Development has announced four new hires to bolster its development and construction teams.

Professional Services
Day Pitney adds Terhune as partner, vice chair of environmental team

Day Pitney LLP has added a well-known attorney as a partner in its New Jersey office and vice chair of its environmental group.

Office
Lee & Associates N.J. named leasing agent for 122,000 sq. ft. Morristown office complex

The Silverman Group has tapped Lee & Associates New Jersey to market space at a two-building, 122,000-square-foot office complex in Morristown.