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
Leonia office building with new adult daycare center listed for sale for $15 million, C&W says

The owner of a Bergen County office building that will house an adult daycare center has listed the property for sale, in a newly announced offering by Cushman & Wakefield.

Finance & Capital Markets
Paragano, longtime acquisitions specialist, joins JLL debt and equity group in New Jersey

JLL has strengthened its Morristown-based capital markets team with the hiring of Nazario Paragano, a veteran of several well-known commercial real estate firms in New Jersey.

Industrial
NAIDB marketing Union Township warehouse, flex spaces totaling 28,000 sq. ft.

The owner of a Union Township industrial building is looking to fill more than 28,000 square feet, working alongside a leasing team with NAI DiLeo-Bram & Co.

Retail
Vita & Vita lands planning board approval to expand Lincoln Park shopping center

Vita & Vita Realty Corp. is moving ahead with a fresh addition to its footprint in Lincoln Park after securing approvals to expand a busy retail property along Route 202.

Food & Beverage
Fogo de Chão takes high-profile pad site on Route 1 in West Windsor, Zoltek says

A new Fogo de Chão restaurant is coming to West Windsor after a lease arranged by Zoltek Commercial Real Estate Services.

Office
Decisive action: How officials in Englewood Cliffs moved to land Samsung as town’s newest corporate tenant

Samsung Electronics America’s expansive new headquarters isn’t just a successful move for the global electronics giant. It’s also a win for Englewood Cliffs, which acted quickly to lure the company to the space vacated by Unilever.

Professional Services
Land use, redevelopment attorney Silbert joins MSW as counsel

Murphy Schiller & Wilkes LLP has bolstered its land use, zoning and redevelopment team with the addition of Michael E. Silbert as counsel.

Office
New office leases in Denville, Millburn among latest deals by RRNNJ

Woodmont Properties has secured a new tenant for a highway office building in Denville, in one of two newly announced deals by Resource Realty of Northern New Jersey.

Industrial
CBRE: Silverman, FDA-approved packaging company ink 114,000 sq. ft. renewal in Randolph

The Silverman Group has signed a nearly 114,000-square-foot lease renewal in Randolph with a specialty packaging company for the health care and food and nutrition industries.

Residential & Mixed Use
Harrison property with six rentals, retail space trades for $1.1 million, Cervelli says

An investor has purchased a six-unit apartment building with retail space in Harrison for $1.11 million, according to a team with Cervelli Real Estate & Property Management.