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
Cell tower repair business takes 6,200 sq. ft. in Hackensack

NAI James E. Hanson has negotiated a 6,200-square-foot lease for industrial space at 262 Hudson St. in Hackensack.

Industrial
Forsgate acquires 4.6-acre Meadowlands development site, NAI Hanson says

Forsgate Industrial Partners has acquired a former hotel property in Lyndhurst that figures to be a prime development parcel at the intersection of two major highways.

Retail
New 30,000 sq. ft. retail center in Butler trades for $24 million, Marcus & Millichap says

A private investor has purchased a newly built retail center in Morris County for nearly $24 million, in a transaction arranged by Marcus & Millichap.

People
STRO names new director of construction

The STRO Cos. has hired a 15-year construction industry veteran to support its in-house team and the ongoing growth of its commercial real estate portfolio.

Office
JLL named property manager of 760,000 sq. ft. Headquarters Plaza in Morristown

The owners of Morristown’s Headquarters Plaza complex have tapped JLL to manage the three-building, 760,000-square-foot property.

Retail
Dave’s Hot Chicken coming to New Jersey with new lease in Wayne

A fast casual chicken brand has found its first New Jersey location after a franchisee’s newly completed lease in Wayne.

Retail
LMC: Mattress Warehouse takes 7,000 sq. ft. for first Middlesex County store

Mattress Warehouse has leased 7,000 square feet at a busy Route 1 shopping center in North Brunswick, under a newly announced deal by Levin Management Corp.

Retail
Buyer of Ridgewood property plans new retail, office space, Lee & Associates N.J. says

A family-owned real estate firm has acquired a 3,200-square-foot building in downtown Ridgewood, with plans to repurpose the site to create new retail and office space.

Office
Edison Properties, baby care products firm ink 18,000 sq. ft. lease at Ironside Newark

A consumer products company has leased 18,000 square feet of office space at Ironside Newark, Edison Properties’ sprawling commercial hub at the site of a historic warehouse.

Industrial
Deugen plans early 2023 delivery for new 47,000 sq. ft. Meadowlands warehouse facility

Deugen Development has broken ground on a project that will bring nearly 50,000 square feet of much-needed, modern industrial space to the Meadowlands submarket.