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.

People
Ryan Sanzari named president of Alfred Sanzari Enterprises

Alfred Sanzari Enterprises has named a new president as part of an expanded role for the company’s third-generation leader.

Industrial
Colliers touts 70,000 sq. ft. industrial lease in Camden

A cocoa bean distributor has leased more than 70,000 square feet at a Camden industrial building, under a newly announced transaction by Colliers International.

Industrial
Larken inks 23,000 sq. ft. renewal with long-term tenant in Hillsborough

Larken Associates has signed a nearly 23,000-square-foot renewal with a longtime tenant at its flex industrial campus in Hillsborough.

Government & Public Policy
Developers press their case, setting sights on bill to allow third-party code inspections

A bill that would allow building owners to obtain faster code inspections using third-party, private-sector agents has moved through the Legislature in recent weeks, raising the hopes of developers and other industry stakeholders who support the proposal.

Residential & Mixed Use
Investment group sells 136-unit senior housing site in Sayreville for $28 million

An investment firm has announced the sale of a new two-building, 136-unit senior housing complex in Sayreville for $28 million.

Industrial
Generator company takes 3,000 sq. ft. in Fairfield, Lee & Associates New Jersey says

A backup generator company has leased 3,000 square feet of commercial space in Fairfield, in a newly announced transaction by Lee & Associates New Jersey.

Retail
Italian trattoria moves to Short Hills, Midtown Commercial says

An Italian restaurant is relocating within Essex County, under a newly announced lease by Midtown Commercial Realty.

Office
Behavioral health agency takes office space in Cherry Hill

A mental health services provider is expanding with a newly completed office lease in Cherry Hill, under a transaction arranged by Vantage Commercial.

Office
Birch Group acquires three-building office portfolio near Morristown for $77 million

An investment firm has made another high-profile addition to its Morris County portfolio, acquiring three office buildings near downtown Morristown for $77 million.

Government & Public Policy
FMERA issues requests for proposals to redevelop 82-acre Fort Monmouth parcel

State officials are now accepting proposals for a key parcel at Fort Monmouth, touting an opportunity to redevelop more than 80 acres at the gateway of the historic property.