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.

Health Care
Newmark: Tenants wanted for new 52,000 sq. ft. medical office building in Hackensack

The developer of nearly 52,000 square feet of new medical office space in Hackensack has brought the building to market alongside a leasing team with Newmark.

Finance & Capital Markets
Secaucus warehouse owner lands $23 million permanent loan, G.S. Wilcox says

The owner of a 200,000-square-foot warehouse in Secaucus has closed on $23 million in permanent financing, in a newly announced deal by G.S. Wilcox & Co.

Residential & Mixed Use
Larken hails completion, lease-up of 120-unit multifamily property in Pohatcong

Larken Associates has completed and leased up a collection of 120 new apartments in Warren County, marking another milestone for its fast-growing residential portfolio.

Office
Buyer sought for Plainsboro office buildings with value-add, redevelopment prospects, JLL says

The owner of a nearly 462,000-square-foot office portfolio in Plainsboro has put the properties on the market for sale, presenting what brokers say is a broad range of value-add options.

Residential & Mixed Use
Weiss Realty sells Fort Lee development site approved for 24 high-end rentals

Weiss Realty has sold a development site in Fort Lee with approvals in place for a 24-unit luxury apartment building.

Industrial
JLL named leasing team for 250,000 sq. ft. industrial building on Manhattan’s West Side

Essex Capital has tapped JLL’s East Rutherford-based Northeast Industrial group as its leasing agent for a full-block, 250,000-square-foot logistics facility on Manhattan’s West Side.

Office
Insurance agency takes 5,200 sq. ft. for expansion to Vineland, WCRE says

An insurance agency has leased 5,200 square feet of office space in Vineland, in a newly announced deal by Wolf Commercial Real Estate.

Office
Inside Day Pitney’s new 55,000 sq. ft. office in Parsippany (SLIDESHOW)

Day Pitney LLP has opened its new 55,000-square-foot office in Parsippany after relocating from another building in the township.

Industrial
NAIDB arranges Union County industrial sales totaling $5 million

An HVAC company has purchased a 6,000-square-foot industrial building in Linden, in one of two newly completed deals in Union County by NAI DiLeo-Bram & Co.

Residential & Mixed Use
PRC enters New Jersey, acquires 150-unit affordable housing complex in Paulsboro

Real estate firm PRC has acquired a 150-unit apartment complex in Paulsboro, where it’s now planning a major update to help maintain the property’s affordable housing subsidies.