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
Prism acquires 40,000 sq. ft. ex-bank headquarters in Rutherford, C&W says

Prism Capital Partners is set to reposition a former bank headquarters in downtown Rutherford after acquiring the 40,000-square-foot building, in a deal arranged by Cushman & Wakefield.

Residential & Mixed Use
Gebroe-Hammer cracks $2 billion in 2021 with sale of nearly 12,800 apartments

Gebroe-Hammer Associates is eyeing continued momentum in 2022 after a year in which it brokered the sale of nearly 13,000 apartments, inking some $2 billion in transaction volume.

Retail
LMC marks 1.2 million sq. ft. of deal activity in 2021, expects continued growth

Levin Management Corp. is marking a record year in which it closed 1.2 million square feet in transaction activity, in a hopeful sign for the health of brick-and-mortar retail.

Professional Services
Avison Young acquires workplace design firm Studio Eagle, adding 30-plus N.J. team members

Avison Young has acquired Studio Eagle, a Springfield-based design and workplace planning firm, marking a major addition to its New Jersey project management platform.

Cover Story
How Devco does it: Inside $1.5 billion pipeline — and decades of high-profile New Jersey projects

New Brunswick Development Corp. is forging ahead after a year in which it broke ground on more than $1.5 billion worth of projects — a milestone that’s all the more notable for a team that never does the same project twice.

Industrial
Redevelopment underway for Meadowlands industrial project, Premier Design + Build says

A project that will bring nearly 60,000 square feet of new industrial space to Moonachie is now underway, according to a team with Premier Design + Build Group.

Finance & Capital Markets
JLL: Joint venture refinances two-building, 335-unit apartment portfolio in Rahway

A partnership has refinanced a two-building, 335-unit luxury apartment portfolio in Rahway, in a deal arranged by JLL’s New Jersey capital markets team.

Industrial
Connors inks 25,000 sq. ft. warehouse lease in North Bergen

An industrial user has leased nearly 25,000 square feet at a warehouse in North Bergen, the William F. Connors Agency announced recently.

Retail
New York investor buys ex-furniture store building in Paramus, NAI Hanson says

The former home of a furniture store in Paramus is under new ownership, following a transaction arranged by NAI James E. Hanson.

Industrial
Newmark: Investors acquire 352,000 sq. ft. Gannett plant in Rockaway for $39 million

A joint venture has acquired a 352,461-square-foot printing plant in Rockaway for $39 million, in a deal arranged by Newmark’s tristate capital markets team.