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.

Office
Bergman announces acquisition of Princeton office building, securing $14 million loan

A partnership led by Bergman Real Estate Group has acquired a 160,000-square-foot, Princeton-area office building from Mack-Cali Realty Corp.

Industrial
W.P. Properties, e-commerce firm ink 40,000 sq. ft. lease in Dover

W.P. Properties has leased 40,000 square feet in Morris County to a local e-commerce distributor, in the largest of several transactions at an industrial complex near Route 46.

Residential & Mixed Use
East Rutherford apartments more than two-thirds leased, developers say

A joint venture has leased more than two-thirds of a new 208-unit luxury rental complex in East Rutherford, citing continued demand for suburban apartments in the midst of the pandemic.

Industrial
WCRE closes 10,000 sq. ft. flex building sale in Pennsauken

A construction business is relocating to a nearly 10,000-square-foot flex industrial building in Pennsauken after acquiring the property, according to Wolf Commercial Real Estate.

Residential & Mixed Use
East Orange, Irvington apartments change hands for $92.5 million

A joint venture has reaped more than $90 million from the sale of 702 apartments across two dozen buildings in Essex County, according to brokers with Marcus & Millichap.

Industrial
NAI Hanson: Forsgate acquires 157,000 sq. ft. industrial building in Wayne

Forsgate Industrial Partners has acquired a nearly 160,000-square-foot industrial building in Wayne, under a newly announced transaction by NAI James E. Hanson.

Industrial
Trucking firm buys former steel plant property in Boonton, JLL says

The owner of a former steel plant in Boonton has sold the 55,000-square-foot property, in a newly announced transaction by JLL.

Residential & Mixed Use
PEEK Properties launches leasing at 39-unit apartment building in East Orange

PEEK Properties has launched leasing at its new 39-unit apartment building in East Orange, the latest addition to an area near the city’s main business district and its Brick Church train station.

Office
GSA, law firm ink renewals at Hackensack office complex

Two tenants at a well-known office complex in Hackensack have signed long-term lease renewals, in a set of newly announced transactions by CBRE.

Office
C&W tapped to manage ex-Honeywell campus in Morris Plains

The new owner of the former Honeywell International headquarters in Morris Plains has selected Cushman & Wakefield to manage the property.