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
Denholtz signs 9,000 sq. ft. lease at East Brunswick flex complex

Denholtz Properties has signed a new 9,000-square-foot lease at a flex industrial complex in East Brunswick, bringing another tenant to the two-building, 84,000-square-foot property.

Industrial
AY: Prologis, visual communications firm renew 107,000 sq. ft. lease in Carlstadt

Prologis Inc. and a visual communications firm have renewed and extended a nearly 107,000-square-foot lease in Carlstadt, under a newly announced transaction by Avison Young.

People
CSG adds veteran municipal attorney, former Atlantic City business administrator

Jason Holt — Courtesy: Chiesa Shahinian & Giantomasi PC By Joshua Burd Chiesa Shahinian & Giantomasi PC has bolstered its team of real estate and property tax attorneys with the addition of a longtime municipal official in the state. Jason…

Retail
Bed Bath & Beyond completes $250 million sale-leaseback that includes stores, industrial space

Bed Bath & Beyond Inc. has completed a $250 million sale-leaseback agreement spanning more than 2 million square feet of commercial space, in a step aimed at stabilizing the finances of the Union-based retailer.

Professional Services
Murphy Partners announces new partners, changes name in key expansion

Murphy Partners LLP, a Newark-based law firm specializing in commercial real estate, has added two veteran attorneys to form a new practice known as Murphy Schiller & Wilkes LLP.

Industrial
Boniakowski: High-end candy, sweets company buys 27,000 sq. ft. Middlesex building

A candy and sweets importer is relocating from New York after acquiring a 27,000-square-foot building in Middlesex Borough, The Boniakowski Commercial Real Estate Group announced.

Events
March of Dimes to honor Milanaik at annual real estate industry fundraiser

The March of Dimes has picked veteran developer Jeff Milanaik as the latest honoree for its annual northern New Jersey real estate awards reception.

Industrial
CBRE details 312,373 sq. ft. lease, plans for new Modell’s logistics hub in Bordentown

Modell’s Sporting Goods is relocating to a new logistics and distribution hub in Bordentown after an “exhaustive search” that spanned three states, according to brokers with CBRE.

Retail
Wayne retail project coming to life, with locally based March Associates at the helm

A planned retail center in Wayne has joined the growing list of redevelopment projects in the municipality, thanks in large part to a locally based construction firm led by township residents.

Professional Services
Lee & Associates expands, adds Morris County-based broker

Lee & Associates has added a veteran broker to its New Jersey team, with an eye toward gaining a greater foothold in Morris and Essex counties.