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.

Professional Services
Michael Graves Architecture acquires Maryland-based design firm

Princeton-based Michael Graves Architecture & Design has expanded its service lines and its geographic footprint with the acquisition of a Maryland-based practice.

Industrial
Larken, biomedical firm sign 3,000 sq. ft. expansion at Hillsborough business park

A life sciences firm has signed a 3,000-square-foot expansion at its longtime home at the Hillsborough Business Center, a sprawling campus owned by Larken Associates.

Retail
WCRE named leasing agent at redesigned Cherry Hill retail, professional complex

The new owner of a retail and office complex in Cherry Hill has appointed Wolf Commercial Real Estate as its leasing agent at the site.

Office
JLL: Hartz sells 136,000 sq. ft. Jersey City office building for $48 million, in deal with AEP

Hartz Mountain Industries has sold a 136,000-square-foot office building in Jersey City to American Equity Partners, in a newly announced transaction by JLL.

Residential & Mixed Use
OneWall sells two-building, 191-unit Newark rental portfolio for $30 million

Workforce housing investor OneWall Communities has sold a 191-unit multifamily portfolio in Newark for $30 million, according to the firm and brokers with CBRE.

Government & Public Policy
State issues new call for bids on 300-acre Fort Monmouth site linked to Netflix

A state agency is once again seeking offers for nearly 300 acres at Fort Monmouth, as it looks to bring another high-profile anchor to the historic former Army base.

Retail
Tulfra, Hampshire tout momentum at Belleville site with construction loan, Starbucks lease

Tulfra Real Estate and The Hampshire Cos. have landed a nearly $6.4 million loan to fund the construction of three additional retail pads at a mixed-use site in Belleville.

Office
Sanzari inks two renewals at flagship Glenpointe campus in Teaneck

Alfred Sanzari Enterprises has signed two lease renewals for a combined 4,046 square feet at its three-building, 670,000-square-foot Glenpointe campus in Teaneck.

Industrial
Sheldon Gross: Stone supplier buys Plainfield storage, fabrication facility for $1.2 million

A marble and granite supplier has purchased an 18,000-square-foot industrial property in Plainfield, in a newly announced deal by Sheldon Gross Realty.

Industrial
BRC adds sales associate to brokerage division

Bussel Realty Corp. has announced the hiring of a new sales associate for its Edison-based brokerage division.