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
Larken inks two new leases at sprawling Hillsborough business park

Two new tenants have combined to lease more than 2,600 square feet at a sprawling business park in Hillsborough, in a set of transactions announced by Larken Associates.

Office
Bergman acquires 237,000 sq. ft. Giralda Farms office building in Madison

Bergman Real Estate Group has added to its suburban office holdings in the state, acquiring a piece of the well-known Giralda Farms corporate campus in Madison.

Office
Altera, Avison Young detail plans to overhaul 70,000 sq. ft. office building in West Orange

An investment firm has unveiled plans to modernize a 70,000-square-foot medical office building in West Orange, in a newly announced project by Avison Young’s New Jersey team.

Office
Newmark: Health care, business litigation law firm expands to 18,000 sq. ft. in Paramus

A law firm is relocating and expanding to more than 18,000 square feet inside a Paramus office building, under a newly announced transaction by Newmark.

Residential & Mixed Use
Builder acquires Hackensack parcels, securing approvals for 224 apartments, NAI Hanson says

A construction firm has closed on four adjacent parcels in downtown Hackensack, having secured approvals to build 224 new apartments with ground-floor retail space.

Finance & Capital Markets
Progress inks $20 million construction loan for new luxury rentals in East Orange

The developer of a new 119-unit luxury apartment building in East Orange has landed nearly $20 million in financing, according to a debt advisory team with Progress Capital.

Industrial
Chicago-based developer acquires Burlington site, plans 1.5 million sq. ft. logistics park

A developer has closed on more than 70 acres in Burlington County, paving the way for as much as 1.5 million square feet of new industrial space along Route 130.

Residential & Mixed Use
Tolls Bros. debuts first homes at redeveloped ex-A&P headquarters site in Montvale

Toll Brothers has unveiled the first pieces of a new luxury residential community in Montvale, where it’s redeveloping the site that once housed A&P’s corporate headquarters.

Health Care & Education
Devco, Jingoli mark completion of train-to-hire construction program in New Brunswick

A job training program tied to the construction of a new cancer hospital in New Brunswick has graduated its first class, with the help of city business leaders and anchor institutions.

Professional Services
Insurance broker names vice president for Hamilton-based team

An insurance brokerage has promoted a long-serving team member to vice president of operations within its environmental and construction professional practice.