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
Towing company leases 1,500 sq. ft. for dispatch hub in Fair Lawn, NAI Hanson says

A towing company has found a new home for its dispatch center after agreeing to lease more than 1,500 square feet in Fair Lawn, according to brokers with NAI James E. Hanson.

Industrial
Urban Edge acquires 187,000 sq. ft. warehouse, distribution center in Morris County, AY says

Urban Edge Properties has acquired a nearly 190,000-square-foot industrial building in East Hanover, citing its strategy of adding sites with expansion and redevelopment potential.

Top News
Dermody executive, former NAIOP chapter president Preston to retire at year-end

A rendering of 395 Pedricktown Road, a nearly 482,000-square-foot industrial building that is among the final pieces of Dermody Properties’ LogistiCenter Logan in Logan Township. — Courtesy: Dermody/Ware Malcomb By Joshua Burd Veteran development executive Gene Preston is set to…

Finance & Capital Markets
Progress inks $27 million acquisition loan for Kearny apartment deal

The buyer of a six-building, 171-unit apartment complex in Kearny has secured $27 million in financing, in a newly announced transaction by Progress Capital.

Office
Sanzari, law firm sign 3,100 sq. ft. lease in Hasbrouck Heights

A law firm has found a new home in Hasbrouck Heights, having agreed to lease more than 3,000 square feet of office space from Alfred Sanzari Enterprises.

Professional Services
Consulting firm plays key role in Empire State Building’s green power milestone

A local team is touting its role in helping to bring renewable energy to a series of properties held by the owner of the Empire State Building.

Residential & Mixed Use
Fisher debuts resident amenities at twin high-rises in Jersey City

Fisher Development Associates has unveiled more than 70,000 square feet of upscale amenity space at a pair of 45-story waterfront residential towers in Jersey City.

Office
Co-working demand grows in New Jersey, as users seek flexibility amid continued uncertainty

After 18 months doing their jobs from home because of COVID-19, many New Jersey workers are returning to flex and co-working spaces. Operators are responding by adding more private suites to their offerings to make users feel safer from infection — and while they’re keeping a wary eye on COVID’s Delta variant, they’re optimistic about demand, for both the short term and long term.

Residential & Mixed Use
CHA eyes 2022 delivery for 66-unit rental project in Wharton

Construction is underway on a project that will bring 66 new upscale apartments and retail space to the Morris County borough of Wharton.

Industrial
HVAC supplier inks 50,000 sq. ft. Meadowlands industrial lease

A family-owned HVAC supply company has taken more than 50,000 square feet of industrial space in East Rutherford, according to a brokerage team with CBRE.