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
Terreno adds Kearny industrial parcel for $26.3 million, NAI Hanson says

Terreno Realty Corp. has acquired a 5.4-acre industrial property in Kearny for more than $26 million, in a transaction arranged by NAI James E. Hanson.

Office
Chilmark: Engineering firm leases 29,000 sq. ft. in Parsippany

An engineering firm has taken nearly 29,000 square feet of office space in Parsippany, in a newly announced deal by Chilmark Real Estate Services.

Industrial
Rockaway commercial building trades for $3.9 million, Charity Realty says

A commercial building in Morris County has changed hands for the first time in 30 years, according to a brokerage team with Charity Realty International.

Residential & Mixed Use
Denholtz breaks ground on riverfront condos at long-vacant Red Bank site

Denholtz Properties has broken ground on a new luxury condominium complex in Red Bank, in a development that will transform a long-dormant parcel along the Navesink River.

Residential & Mixed Use
Developers kick off 600-unit third phase of Journal Squared project

Construction is underway on the final phase of the acclaimed Journal Squared project in Jersey City, with plans calling for 600 new apartments amid continued demand at the property.

Residential & Mixed Use
Kislak inks $11 million apartment sale in Central Jersey, part of 1031 exchange

An investor has sold an apartment property in central New Jersey for $11 million, in the first piece of a two-leg transaction arranged by The Kislak Co. Inc.

Industrial
Boniakowski completes sale, lease-up of 28,000 sq. ft. Piscataway building

A nearly 30,000-square-foot industrial building in Piscataway has a new owner and a new tenant, following a set of transactions by The Boniakowski Commercial Real Estate Group.

Industrial
Advance, Greek sell 1.1 million sq. ft. Target facility in Logan, in $265 million deal

A joint venture has sold a newly built, 1.1 million-square-foot Target facility and a nearby parcel in Logan Township for $265 million, in a transaction arranged by CBRE.

Top News
CBRE: Pipeline for office conversions on the rise in New Jersey, exceeding 8.6 million sq. ft.

Developers are on track to remove nearly 9 million square feet of obsolete office space in New Jersey, as they repurpose the sites with in-demand uses such as industrial and apartments.

People
RBH Group names new COO, announces three promotions

Development firm RBH Group LLC has announced the hiring of a new chief operating officer as well as the promotion of three other executives.