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
Biopharma firm moving HQ from Manhattan, inks 26,000 sq. ft. lease in Morris Twp.

A biopharmaceutical company is moving its headquarters from Manhattan after taking more than 26,000 square feet in Morris Township, brokers with CBRE announced Monday.

Residential & Mixed Use
Gebroe-Hammer touts $214 million in New Jersey, Philadelphia multifamily sales in January

Brokerage firm Gebroe-Hammer Associates is off to a fast start in 2022, inking the sale of nearly 1,200 apartments in New Jersey and Philadelphia across 17 transactions in January.

Industrial
BRC inks sale of 53,000 sq. ft. Lakewood industrial building

An investor has purchased a nearly 53,000-square-foot industrial building in Lakewood, in a newly announced transaction by Bussel Realty Corp.

Office
CBRE: Insurance firm leases 8,700 sq. ft., in one of four new deals at Florham Park building

Eastman Cos. is set to welcome four new tenants to a 69,000-square-foot office building in Florham Park after a series of newly completed leases by CBRE.

Health Care & Education
Becton Regional High School eyes $55 million expansion tied to upcoming bond question

Becton Regional High School has proposed a 90,000-square-foot expansion of its campus, as depicted in this rendering, in connection with a $55 million bond referendum scheduled for March 8. — Courtesy: Becton Regional High School

Office
Partnership sells 431,000 sq. ft. Jersey City office building for $300 million

A joint venture has reaped $300 million from its sale of a nearly 432,000-square-foot office building in Jersey City, under a deal announced Monday by Cushman & Wakefield.

Office
Fairfield office building trades for $7.2 million, C&W says

An investor has acquired a 104,000-square-foot office building in Fairfield for nearly $7.2 million, in a newly announced transaction by Cushman & Wakefield.

Industrial
Realterm buys two-building, 39,000 sq. ft. warehouse complex in Union Twp.

Investment manager Realterm has added to its fast-growing New Jersey portfolio, acquiring a two-building, 38,600-square-foot complex near Route 22 in Union Township.

Professional Services
Mandelbaum Barrett adds three real estate attorneys, plans new Bergen County office

Mandelbaum Barrett PC has added three new partners to its real estate group and is set to open a satellite office in Bergen County, the firm announced.

Government & Public Policy
EDA takes first step toward launching tax credit for reviving historic buildings

State officials have approved a set of proposed guidelines for a new incentive program to support the restoration of New Jersey’s historic buildings and neighborhoods.