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
Importer buys 16,200 sq. ft. warehouse in Elizabeth, Team Resources says

An importing company has acquired a 16,200-square-foot industrial building in Elizabeth, under a newly announced transaction by Team Resources Inc.

Residential & Mixed Use
Developer launches site work, proceeds with adaptive reuse of historic Paterson complex

A developer is moving ahead with a sweeping adaptive reuse plan in Paterson, where it hopes to transform a historic industrial complex into a destination for residents and businesses.

Office
Onyx-led group seals purchase of 10-building Morris County portfolio from Mack-Cali

A joint venture led by Onyx Equities has closed on its $158 million purchase of a 10-building, 1.5 million-square-foot office portfolio in Parsippany and Madison from Mack-Cali Realty Corp.

Office
Highstone taps JLL to lease 141,000 sq. ft. office building in Ramsey

An investment firm has picked JLL as its leasing agent at a newly upgraded, 141,000-square-foot office building in Ramsey.

Professional Services
B6 adds broker to lead Bergen County investment sales

B6 Real Estate Advisors has expanded its New Jersey team with the addition of a broker focused on investment sales in Bergen County.

Industrial
Marcus brokers sale of 45,000 sq. ft. flex industrial complex in Toms River

A private buyer has purchased a two-building, 45,000-square-foot flex industrial property in Toms River, brokers with Marcus & Millichap announced Wednesday.

Office
NAI Mertz named leasing agent at Bellmawr office building

The new owner of a Camden County office building has tapped NAI Mertz as its leasing agent, as it embarks on a set of improvements at the 40,000-square-foot property.

Professional Services
Garibaldi Group announces new, multigenerational leadership structure

The Garibaldi Group has made a major change to its leadership structure, including a move that brings the firm’s fourth generation into the uppermost ranks of its management team.

Professional Services
Dobco taps Kimmerle Newman Architects to help reposition ex-Toys R Us campus

The owner of the former Toys R Us headquarters site in Wayne has hired Kimmerle Newman Architects to help it reinvent the three-building, 191-acre office campus.

Office
JLL: Data backup, restoration firm extends, expands to 60,000 sq. ft. in Englewood Cliffs

A data backup and restoration provider is doubling its footprint in Englewood Cliffs, where it’s set to occupy 60,000 square feet within a four-building office complex.