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
Stro acquires 141,000 sq. ft. office, data center building in Florham Park

The Stro Cos. has added to its holdings in North Jersey with the acquisition of a 141,000-square-foot office and data center facility in Florham Park.

Residential & Mixed Use
Developers eye debut of new luxury apartments in Old Bridge

A joint venture is nearing completion of a new luxury apartment complex in Old Bridge, seeking to lure renters with a long list of amenities and access to a host of nearby highways.

Office
NAI Hanson: Title company, tech firm sign leases at Parsippany office building

Two companies have combined to lease nearly 5,700 square feet of office space in Parsippany, becoming the latest tenants at a recently upgraded building in the township.

Office
Advertising, PR agency details 10,000 sq. ft. lease, move to Whippany office building

A communications firm has moved its headquarters within Morris County, having signed a new 10,000-square-foot lease in Hanover with Bergman Real Estate Group.

Office
WCRE named leasing agent at Mount Laurel office building

The new owner of a 41,000-square-foot office building in Mount Laurel has picked Wolf Commercial Real Estate as the property’s leasing agent.

Residential & Mixed Use
Kislak: Asbury Park apartments sold for $18.5 million, nearly tripling in value from 2012

An investor has sold a 98-unit apartment building in Asbury Park for $18.5 million, completing the deal roughly a decade after buying the property for less than $7 million.

Retail
Urban Edge adds former Triple Five leasing executive to lead efforts at Paramus mall

Urban Edge Properties has named a new senior vice president of leasing as part of its plan to reposition a well-known mall in Bergen County and other pieces of its portfolio.

Industrial
Wharton Industrial adds to area portfolio with Pennsauken, Cherry Hill deals

A real estate investment firm has acquired six industrial properties in Camden County, marking the latest additions to its growing portfolio in southern New Jersey.

Finance & Capital Markets
JLL secures loan to refinance Denholtz industrial campus in Fairfield

Denholtz Properties has refinanced a two-building, 90,000-square-foot industrial portfolio in Fairfield, in a transaction arranged by brokers with JLL.

People
Sanzari taps longtime real estate finance executive as CFO

Alfred Sanzari Enterprises has hired a longtime industry executive as its new chief financial officer.