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.

Industrial
IDI leases 111,000 sq. ft. at new Passaic industrial building, in reported deal with Lowes

IDI Logistics has secured a full-building commitment at a newly built industrial building in Passaic, leasing more than 100,000 square feet to a home improvement giant.

People
Kauffman to step down from full-time duties with NRBP

Barbara E. Kauffman, the longtime executive vice president and chief operating officer at the Newark Regional Business Partnership, will step down from the full-time role this fall.

Retail
Grocery app Gorillas signs first New Jersey location in downtown Jersey City

A grocery app has selected its first New Jersey location, leasing 4,000 square feet in downtown Jersey City, in a newly announced deal by Grid Real Estate LLC.

Residential & Mixed Use
B6 inks sale of development site in Jersey City’s Canal Crossing Redevelopment Zone

B6 Real Estate Advisors has negotiated the sale of a 27,500-square-foot development site in the Bergen-Lafayette neighborhood of Jersey City for $5.725 million.

Retail
Sushi eatery takes 7,000 sq. ft. for new Morristown location, Chilmark says

A sushi restaurant is relocating in Morristown after agreeing to lease nearly 7,000 square feet, in a newly announced transaction by Chilmark Real Estate Services.

Deals
Performing arts school signs 12,000 sq. ft. renewal in Berkeley Heights, NAI Hanson says

NAI James E. Hanson has negotiated a lease renewal for an 11,500-square-foot office and flex building in Berkeley Heights, the brokerage team announced.

Residential & Mixed Use
Gebroe-Hammer: 66-unit South Orange rental building sells for fourth time in 23 years

A private investor has acquired a 66-unit apartment building in downtown South Orange and steps from NJ Transit rail service, in the fourth trade of the property since 1999.

Industrial
Printing, marketing firm joins growing list of tenants at STRO warehouse in Hackensack

The STRO Cos. has secured another tenant at a Hackensack industrial building after inking a 12,000-square-foot lease with a printing and marketing company.

Health Care & Education
Medical office buildings in South Jersey, Pennsylvania trade in $22 million sale-leaseback

A real estate investment trust has acquired a medical office portfolio in southern New Jersey and Pennsylvania’s Montgomery County, in a newly announced deal by Avison Young.

Office
National Integrity Title Agency opens satellite office in Northfield

National Integrity Title Agency has opened a satellite office in Northfield, aiming to provide a base for servicing homeowners and realtors from the Jersey Shore region.