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
Faropoint adds 140,000 sq. ft. warehouse in Delanco sale-leaseback deal, NAI Mertz says

Faropoint has added to its New Jersey portfolio with the purchase of a 140,000-square-foot industrial building in Burlington County, in a newly announced deal by NAI Mertz.

Finance & Capital Markets
Hampshire lands $29 million construction loan for 85-unit Morristown rental project, JLL says

The Hampshire Cos. is proceeding with a new 85-unit luxury apartment building in Morristown with the help of a nearly $29 million construction loan, in a newly announced deal by JLL.

Industrial
E-commerce firm takes 54,000 sq. ft. at Denholtz-owned property in Eatontown

An affiliate of Denholtz Properties has leased 54,000 square feet of commercial space in Eatontown to a Brooklyn-based e-commerce company, according to Zimmel Associates.

Retail
Marcus: Net-leased Bank of America property in Clifton trades for $3.8 million

Marcus & Millichap has negotiated the sale of a 4,450-square-foot, net-leased Bank of America property in Clifton, the brokerage firm announced Tuesday.

Office
Opal, C&W tout 101,000 sq. ft. in recent office leases in Metropark

An investment firm has leased more than 100,000 square feet across its growing office portfolio in Woodbridge and Edison, under a series of recent deals by Cushman & Wakefield.

Residential & Mixed Use
Larken debuts clubhouse at 191-unit upscale rental property in Hillsborough

Larken Associates has unveiled a new clubhouse at a 191-unit residential property in Hillsborough, marking the latest piece of a project in its final stages of construction.

Office
NAI Hanson inks sale of 3,000 sq. ft. at Chester office building

NAI James E. Hanson has negotiated the sale of 3,000 square feet of office space in Chester.

Office
The S.Hekemian Group, Valley Health ink 60,000 sq. ft. lease at ‘North Market’ in Montvale

Another tenant is coming to a high-profile redevelopment site in Montvale, under a 60,000-square-foot lease between The S.Hekemian Group and Valley Health System.

Top News
JLL: Buyer wanted for 127,000 sq. ft. CAE training center in Whippany

The site of a fully leased aviation training center in Morris County is on the market for sale, in a newly announced offering by JLL’s New Jersey capital markets team.

Industrial
Distributor, sponge maker combine for 172,000 sq. ft. in Pennsauken, Colliers says

A mobile accessory distributor has leased more than 110,000 square feet of new industrial space in Pennsauken, in one of two newly announced transactions by Colliers.