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
Scarinci Hollenbeck takes 19,000 sq. ft. in planned HQ move to Overlook Corporate Center

Law firm Scarinci Hollenbeck LLC has found a new home after leasing space at a well-known location in Little Falls, brokers with JLL and Avison Young announced this week.

Retail
Denholtz, brewery ink 12,000 sq. ft. lease for new-look Fort Monmouth commissary building

Denholtz Properties has secured its first tenant at a repurposed commissary building at Fort Monmouth, leasing more than 12,000 square feet for a planned brewery and tasting room.

Residential & Mixed Use
Gebroe-Hammer inks sale of Orange apartments, with deals totaling $979 million at midyear

A private investor has purchased a 120-unit apartment building in Orange for more than $22 million, brokers with Gebroe-Hammer Associates announced, touting the firm’s completion of nearly $1 billion in multifamily investment sales during the first half of 2022.

Office
Siemens takes 43,000 sq. ft. at Parsippany’s 2 Gatehall, Newmark says

Siemens Corp. has leased more than 43,000 square feet of office space in Parsippany, according to brokers with Newmark, in a deal with Silverman Realty Group Inc.

Office
Owner of e-commerce firm buys 38,000 sq. ft. Edison office building, Zimmel says

An undisclosed e-commerce business has acquired a nearly 38,000-square-foot office building in Edison, in a newly announced deal by Zimmel Associates.

Industrial
Blau & Berg represents buyer, seller in trade of 4.3-acre industrial lot in South Plainfield

The Blau & Berg Co. has completed the sale of more than four acres of outdoor industrial storage space in South Plainfield, less than two miles from Interstate 287.

Industrial
NAI Hanson completes lease for Jersey City industrial lot

A contractor that serves water, waste and energy utilities has leased more than three quarters of an acre in Jersey City, in a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use
JLL: Parsippany apartments fetch $83 million in deal involving Harbor Group, DSF affiliates

A global investment firm has sold a 212-unit luxury apartment building in Parsippany for more than $80 million, allowing a Boston-based buyer to expand its holdings in the state.

Industrial
Newmark inks final deal in sale of $100 million light industrial portfolio in Somerset, Warren

Newmark has brokered the sale of two buildings in Somerset County with a combined 236,000 square feet, completing the trade of a portfolio valued at more than $100 million.

Finance & Capital Markets
Advance, Greek land $227 million in financing for next phases of Linden, Logan logistics parks

Advance Realty Investors and Greek Development have closed on more than $227 million in financing for their ongoing high-profile industrial developments in Linden and Logan Township.