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.

People
Procida Funding names three new partners, ensuring next generation of leadership

Procida Funding & Advisors has named three new principals alongside its founder, helping to cement the future of the Englewood Cliffs-based lender and financial services firm.

Office
Garibaldi: Appeal of urban, suburban submarkets on display in three new office leases

A broker with The Garibaldi Group has completed new office leases in Jersey City, Florham Park and Summit, highlighting the appeal of three distinct submarkets in New Jersey.

Professional Services
NAI Hanson adds two property managers

NAI James E. Hanson has announced the addition of two property managers to its Teterboro-based team.

Residential & Mixed Use
Walters launches construction at second phase of 150-unit senior housing site in Branchburg

Development firm Walters has broken ground on the second phase of a new 150-unit, age- and income-restricted apartment complex in Somerset County.

Office
Sanzari, union chapter complete 6,000 sq. ft. office lease in Elmwood Park

Alfred Sanzari Enterprises has negotiated a 6,029-square-foot office lease in Elmwood Park with the United Food and Commercial Workers Union Local 888.

Industrial
NAI Fennelly tapped to market 27,000 sq. ft. former parachute maker HQ in Trenton

The owner of a Trenton industrial building is seeking a buyer or tenant for the nearly 30,000-square-foot property, brokers with NAI Fennelly announced Tuesday.

Retail
Three retail tenants ink leases at Paramus apartment building, Goldstein Group says

Three tenants have joined the ground-floor retail space at a new boutique apartment building in Paramus, leasing a combined 6,700 square feet at the Midland Avenue property.

Professional Services
Wesley, Bridget Wilcox named partners with G.S. Wilcox & Co.

A new generation has joined the ownership ranks of G.S. Wilcox & Co., the Morristown-based mortgage banking firm founded nearly three decades ago.

Office
SJP completes first two phases of McCarter’s revamped 100,000 sq. ft. office in Newark

An affiliate of SJP Properties has completed two phases of a plan to overhaul the five-floor, 100,000-square-foot office space in Newark that is home to McCarter & English LLP.

Residential & Mixed Use
Preleasing underway at new 57-unit Denholtz rental property in Red Bank

Denholtz Properties has launched preleasing at a collection of 57 new apartments in Red Bank, aiming to continue efforts to revitalize the borough’s west side neighborhood.