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
Printing equipment maker inks 34,000 sq. ft. lease, moves headquarters to Parsippany

A global printing equipment company has moved its North American headquarters to Parsippany, where it’s leasing nearly 35,000 square feet as part of a newly announced transaction by Avison Young.

Finance & Capital Markets
C&W: Owner of Meadowlands, Union industrial portfolio inks $66 million refi loan

An investment group has refinanced a six-building industrial portfolio in Bergen and Union counties for $66 million, in a newly completed transaction by Cushman & Wakefield.

Finance & Capital Markets
PGIM inks $408 million senior loan facility for five-state, 4 million sq. ft. industrial deal

PGIM Real Estate has provided a $408 million senior loan facility for an institutional investor’s purchase of a five-state, 4 million-square-foot industrial portfolio.

Professional Services
Dresdner Robin promotes from within, names new planning director

Dresdner Robin, a Jersey City-based land use consultancy, has named a new director of planning.

Office
JLL tapped to lease 120,000 sq. ft. office building in Morris County

Highstone Equity Group has selected JLL as its leasing agent at a nearly 120,000-square-foot office building in Cedar Knolls.

Retail
Goldstein Group brokers sale of bank, restaurant buildings in North Jersey

A former Chase bank branch in Lake Hopatcong has changed hands for an undisclosed price, in one of two newly announced transactions by The Goldstein Group.

Office
Orthodontist takes 3,400 sq. ft. in New Providence, NAI Hanson says

An orthodontist is opening a new location after signing a 3,400-square-foot lease in downtown New Providence, brokers with NAI James E. Hanson announced Tuesday.

Residential & Mixed Use
Developers, city officials taking a holistic approach as northwestern Hoboken grows

It may be the Mile Square City, but Hoboken still has room to grow. After creating mixed-use projects in the largely industrial western half, developers are focusing on the city’s northwestern corner, known as the North End. City officials are in favor of the growth, with a North End Redevelopment Plan in progress that focuses on a diversified tax base, open space and flood-resistant infrastructure. 

Industrial
BRC: Piscataway parcel sold, slated for 76,000 sq. ft. industrial project

Duke Realty Corp. is planning a 76,000-square-foot industrial project in Piscataway after acquiring a nearly six-acre parcel near Interstate 287, according to Bussel Realty Corp.

Residential & Mixed Use
JLL marketing 22-acre development site at Linde campus in New Providence

Chemical maker Linde is seeking a buyer for the site of a vacant research building in New Providence, where it has secured approvals for up 297 multifamily units.