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
Dentist takes 2,200 sq. ft. at Paramus medical office building, NAI Hanson says

A dental practice has leased more than 2,200 square feet at a Paramus medical office building, under a deal arranged by NAI James E. Hanson.

Office
With Deloitte set to depart, landlord kicks off $3 million upgrade of Parsippany office building

Signature Acquisitions has kicked off a sweeping redesign and modernization of a 175,000-square-foot office building in Parsippany, seeking to overhaul the property ahead of the planned departure of Deloitte LLP.

Office
Chilmark: Financial services firms combine for 14,700 sq. ft. in Harding, Morristown

A national financial services firm has leased 7,600 square feet of office space in Morris County, in one of two newly announced deals by Chilmark Real Estate Services.

Industrial
AY: Cooking oil management, cleaning business takes 27,000 sq. ft. at Kearny industrial park

A restaurant service business has leased more than 27,000 square feet of industrial space in Kearny, in a transaction by brokers with Avison Young.

Office
Mental health clinic signs 17,800 sq. ft. renewal in Paramus

A mental health and substance abuse clinic has renewed its nearly 18,000-square-foot lease at a Paramus office building, according to a leasing team with Equity 3 LLC.

Industrial
Larken fills 18,000 sq. ft. at newly expanded industrial, flex buildings in Hillsborough

Larken Associates has announced the completion and lease-up of two newly expanded buildings within its 100-acre, 550,000-square-foot industrial and flex park in Hillsborough.

Health Care & Education
Vantage inks 2,000 sq. ft. lease in Voorhees for addiction, mental health service provider

A provider of addiction treatment and mental health services has leased 2,000 square feet of medical office space in Voorhees, brokers with Vantage Commercial said Thursday.

Residential & Mixed Use
JLL: Buyer wanted for landmark 245-unit apartment tower in downtown Newark

A gleaming 22-story apartment tower in Newark that opened in 2018, marking the city’s first ground-up, luxury high-rise in more than 50 years, is on the market for sale.

Industrial
Thor acquires 131,000 sq. ft. industrial complex in Newark

Thor Equities Group has added more than 130,000 square feet of industrial space in New Jersey with its acquisition of a two-building complex in Newark.

Events
NAIOP New Jersey to honor Preston, other industry leaders at 35th annual gala

A longtime development executive will headline the slate of honorees at this year’s NAIOP New Jersey gala, where the organization will also highlight two key service professionals and the firm behind several high-profile projects in the state.