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.

Residential & Mixed Use
S. Hekemian Group unveils new luxury rentals, in latest step to revive ex-Mercedes campus

The S. Hekemian Group has unveiled the first of two apartment buildings in Montvale that will house a combined 308 units, marking the latest step in its plan to redevelop the former Mercedes-Benz USA headquarters campus in the borough.

Residential & Mixed Use
Investors trade 53-unit apartment portfolio in Woodbridge, Marcus & Millichap says

A private investor has sold a three-building, 53-unit apartment portfolio near downtown Woodbridge, according to an investment sales team with Marcus & Millichap.

Office
Kimmerle details newly expanded, 17,000 sq. ft. office for Newark-based staffing firm

A health care staffing firm has completed a major expansion in Newark as part of a project spearheaded by Kimmerle Group, the Harding Township-based design and planning practice.

Retail
Azarian touts 3,900 sq. ft. learning center lease in Livingston among new retail, office deals

A children’s learning center has committed to nearly 3,900 square feet at Livingston Town Center, in the largest of several newly announced deals by Azarian Realty Co.

Residential & Mixed Use
JLL: AvalonBay sells 617-unit Westchester rental property in deal with Harbor Group, Azure

AvalonBay Communities Inc. has sold a 617-unit multifamily property in New York’s Westchester County, in a deal arranged by JLL’s Morristown-based capital markets team.

Industrial
IDI plans new industrial developments after acquiring office sites in Piscataway, Ewing

IDI Logistics has bolstered its development pipeline in the state with its purchase of office properties in Piscataway and Ewing, with plans to redevelop both as industrial space.

Finance & Capital Markets
JLL sources acquisition loan for Paterson warehouse, outdoor storage site

A real estate firm has secured financing to acquire a fully leased, 66,000-square-foot light industrial building and outdoor storage space in Paterson, under a deal arranged by JLL.

Industrial
Connors inks sale of 30,000 sq. ft. Passaic warehouse

The William F. Connors Agency has announced the sale of a 30,000-square-foot industrial building in Passaic.

Retail
Investors sell 15,000 sq. ft. retail strip center in East Hanover, The Goldstein Group says

An investment group has sold a 15,000-square-foot retail center off Route 10 in East Hanover, in a newly announced transaction arranged by The Goldstein Group.

Office
Scarinci Hollenbeck takes 19,000 sq. ft. in planned HQ move to Overlook Corporate Center

Law firm Scarinci Hollenbeck LLC has found a new home after leasing space at a well-known location in Little Falls, brokers with JLL and Avison Young announced this week.