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
Habitat for Humanity affiliate takes 11,500 sq. ft. for South Jersey replenishment center

A regional Habitat for Humanity chapter has leased nearly 12,000 square feet of industrial space in Atlantic County, in a newly announced deal by Vantage Commercial.

Office
Pest control firm takes 3,100 sq. ft. in Bridgewater, Sheldon Gross says

A pest control business has leased more than 3,100 square feet of office space in Bridgewater, under a newly completed transaction by Sheldon Gross Realty.

Office
Hartz Mountain sells 617,000 sq. ft. office building in Weehawken for $219 million

Hartz Mountain Industries has sold the larger of two buildings at its well-known, 1 million-square-foot office complex in Weehawken, the longtime home of UBS Financial Services.

Industrial
EverWest buys three-building, 190,000 sq. ft. Meadowlands portfolio for $66 million

An investment manager has acquired three Moonachie industrial buildings for nearly $66 million, adding more than 190,000 square feet to its fast-growing portfolio in New Jersey.

Industrial
Dermody Properties taps Borny as next east region partner

Dermody Properties has named a new east region partner to fill the role of a veteran industry executive who is retiring at year-end.

Residential & Mixed Use
NJAA calls for ramping up new state eviction prevention program

With New Jersey’s eviction moratorium drawing down and state officials no longer taking applications for rental assistance for landlords and tenants impacted by the pandemic, stakeholders are hoping to see a new eviction prevention program take center stage.

Finance & Capital Markets
Lenders Capital inks construction loan, LP equity for Orange multifamily project

A developer has secured a construction loan and equity for a new 138-unit apartment building in Orange, in a set of newly announced deals by Lenders Capital Realty Services.

Office
AY joins biotherapeutics firm to unveil new 10,000 sq. ft. headquarters in West Windsor

A pharmaceutical company has opened its new U.S. headquarters in West Windsor after signing a long-term, 10,000-square-foot lease, according to a brokerage team with Avison Young.

Office
Larken, health care provider complete 12,000 sq. ft. renewal in Parsippany

Larken Associates has negotiated a lease renewal with Saint Clare’s Health for 11,824 square feet of medical office space in Parsippany.

People
Blue Onyx hires former Roseland, Mill Creek exec to lead growing development pipeline

Blue Onyx Cos. has added a veteran development executive to help guide its expansion and a growing pipeline with more than $600 million of estimated construction costs.