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
C&W marketing new-look warehouse space in Parsippany

The owner of a newly upgraded, 550,000-square-foot warehouse in Parsippany has tapped Cushman & Wakefield to market the complex to would-be tenants.

Residential & Mixed Use
JMF, local officials hail opening of Plainfield’s largest-ever residential project

JMF Properties has marked the opening of more than 200 new luxury apartments in Plainfield, joining local officials to hail the latest addition to the city’s housing stock.

Retail
LMC: Nail salon takes 1,700 sq. ft. at North Brunswick retail center

A nail salon has inked a 1,700-square-foot lease at a North Brunswick shopping center, under a recently completed transaction with Levin Management Corp.

Industrial
New construction in 2020, 2021 unlikely to quench demand for New Jersey industrial stock

Users in New Jersey’s booming industrial sector have faced a severe lack of supply in recent years, leading to unprecedented rent growth and an unabated race to find development sites. New space is on the way — and plenty of it — with millions of square feet slated to come online in the next two years. Yet market experts say demand will continue to outpace supply, given the continued upside of e-commerce and a race by traditional retailers to update their supply chains.

Office
Bergman, Rialto sell Florham Park office complex for $31 million

A joint venture has reaped more than $30 million from the sale of a two-building, 230,000-square-foot office complex in Florham Park, brokers with Colliers International said.

Residential & Mixed Use
Sanzari completes 1031 exchange, purchasing 24-unit rental complex in Essex County

Alfred Sanzari Enterprises has acquired a 24-unit luxury apartment community in Essex County as part of a newly completed 1031 exchange.

Industrial
CenterPoint adds 74,000 sq. ft. Jersey City building

CenterPoint Properties has expanded its New Jersey holdings with the acquisition of a nearly 75,000-square-foot industrial building in Jersey City.

Industrial
Hartz, medical instruments maker ink 72,000 sq. ft. lease in Bloomfield

A medical instruments company has leased more than 70,000 square feet of production space in Bloomfield, under a newly completed transaction by Team Resources Inc.

Industrial
Sheldon Gross touts leasing activity at Hillsborough business parks

The owner of two Hillsborough business parks has inked 10 leases for combined 43,859 square feet, in a series of transactions by Sheldon Gross Realty.

Industrial
Meadowlands industrial building fetches $15 million, JLL says

A private equity investor has acquired a nearly 103,000-square-foot industrial building in the Meadowlands for $15 million, under a newly announced transaction by JLL.