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
Third-party logistics user leases 6,000 sq. ft. at Ballantine industrial complex in Newark

A logistics firm is taking 6,000 square feet at a sprawling industrial complex in Newark, in a lease arranged by brokers with NAI James E. Hanson.

Government & Public Policy
Pandemic’s full impact still unclear, prompting a measured approach to property tax appeals

The pandemic’s impact on property valuations is still far from clear, with some owners taking a more measured approach to tax appeals ahead of this year’s filing deadline in New Jersey.

Finance & Capital Markets
Lender for residential investors moves into New Jersey, opens Woodbridge office

A growing residential real estate investment lender has expanded into New Jersey, while announcing the hiring of an executive to lead the new office.

Industrial
Meadowlands warehouse trades for $2.7 million, Equity Real Estate says

An industrial building in the Meadowlands has changed hands for nearly $2.7 million, following a transaction arranged by Equity Real Estate Brokerage.

Health Care & Education
Heart, vascular practice acquires Nutley medical office building

A physician is expanding its practice with the purchase of a 3,050-square-foot medical office building in Nutley, in a newly announced deal by Midtown Commercial Realty.

Residential & Mixed Use
JLL seeking buyer for 351-unit luxury apartment complex in Fort Lee

A seven-building, 351-unit apartment complex in Fort Lee is on the market for sale, with the potential to draw offers in the range of $170 million.

Office
Medical device firm takes 48,000 sq. ft. of life science, office space near Princeton

A medical device maker has leased some 48,000 square feet in Plainsboro, with plans to use the space for research and development, product assembly and its administrative offices.

Professional Services
Dresdner Robin details remediation, infrastructure work in Jersey City redevelopment

Land use consultancy Dresdner Robin has completed the first phase of environmental remediation at the site of what will be a mixed-use, two-tower development in Jersey City.

Industrial
NAI Hanson: Auto parts company takes 28,000 sq. ft. in South Hackensack

An auto parts distributor has leased nearly 28,000 square feet of industrial space in South Hackensack, under a newly announced transaction by NAI James E. Hanson.

Office
Auctioneer relocating from New York, inks lease at Sanzari campus in Teaneck

An auctioneer is moving its headquarters from Manhattan to Teaneck, having leased more than 2,500 square feet at Alfred Sanzari Enterprises’ flagship Glenpointe campus.