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
Sanzari unveils new flexible workspace concept at flagship Glenpointe campus

Alfred Sanzari Enterprises has made another addition to its Glenpointe campus in Teaneck with the launch of a new 5,300-square-foot flexible workspace concept.

People
Diversified Properties taps Matarazzo as new CFO

Diversified Properties has announced the hiring of a new chief financial officer.

Industrial
Trenton industrial complex fetches $5.6 million, NAI Fennelly says

A seller has reaped $5.6 million in the trade a four-building, 75,097-square-foot industrial complex in Trenton, in a newly announced deal by NAI Fennelly.

Office
Mobile gaming firm inks lease in Jersey City for first U.S. flagship location, Newmark says

A Swedish mobile gaming company has picked Jersey City for its first U.S. flagship location, leasing more than 5,000 square feet at a historic loft-style building in the downtown.

Residential & Mixed Use
Veris Residential names head of sustainability, ESG amid release of new report

Veris Residential Inc. has named a new senior vice president and head of sustainability and environmental, social and governance, as it unveils a report detailing its progress in those areas since the real estate investment trust rebranded and revamped its platform.

Finance & Capital Markets
G.S. Wilcox sources $19.4 million in loans for New Jersey, Pennsylvania office buildings

An investor has secured $19.4 million in financing in connection with an office building in Middlesex County and a second near Philadelphia, according to G.S. Wilcox & Co.

Residential & Mixed Use
Preleasing underway at 38-unit luxury rental building in Jersey City

A developer has launched preleasing at a new boutique apartment building in Jersey City, adding to the growing stock of luxury rentals in the historic Bergen-Lafayette section.

Industrial
Marcal, Crow Holdings bringing new industrial space to fire-ravaged site in Elmwood Park

More than 200,000 square feet of new industrial space is coming to the Marcal Paper complex in Elmwood Park, helping revive part of a site that was mostly leveled by an infamous 2019 fire.

Top News
Highly touted Bridgewater life sciences campus on the market for sale, JLL says

An acclaimed life sciences campus in Bridgewater with some 800,000 square feet of research, manufacturing and office space is on the market — with the potential to sell for $500 million.

Office
Tech founder plans ‘lifestyle’ business center at Fort Monmouth site

A group with ties to a local technology firm has acquired 12 acres at Fort Monmouth, with plans to create a mixed-use business center with office, retail and hospitality space.