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.

Retail
Historic retail, office building in downtown Somerville trades for $2.7 million, Kislak says

A historic 45,000-square-foot commercial building in downtown Somerville has changed hands for nearly $2.7 million, according to a brokerage team with The Kislak Co. Inc.

Office
Deluccia: Financial planning firm leases 5,000 sq. ft. at CenterPointe at Bridgewater

A financial planning firm has taken nearly 5,000 square feet of office space at Bridgewater’s CenterPointe campus, brokerage firm Deluccia Commercial Group announced Tuesday.

Retail
Pierson secures listings for retail properties in Old Bridge, Montgomery

Pierson Commercial has picked up two new leasing assignments in central New Jersey, including a mixed-use project in Middlesex County and a Princeton-area shopping center.

Office
Morristown remains front and center as companies vie for talent by transforming their real estate

Morristown has become a focal point as blue-chip companies make major real estate investments to help fortify and energize their workforces, which was on full display and is poised to continue with the recent opening of Sanofi’s new $130 million, 260,000-square-foot office building.

Office
C&W: Silverman Group sells Florham Park medical office building for $7.8 million

The Silverman Group has sold a nearly 20,000-square-foot medical office building in Florham Park for $7.8 million, brokers with Cushman & Wakefield announced last week.

Industrial
Greek acquires fully leased 141,000 sq. ft. logistics property in Bucks County

Greek Real Estate Partners has added to its holdings outside New Jersey, acquiring a more than 141,000-square-foot industrial building in Pennsylvania’s Bucks County.

Health Care
Investor buys 28,000 sq. ft. Eatontown medical office building for $8 million, Marcus says

An investor has acquired a nearly 28,000-square-foot medical office property in Eatontown for some $8 million, in a newly announced deal by Marcus & Millichap.

Professional Services
Diversified expands property management unit to serve third-party owners

Diversified Properties LLC has launched a third-party property management division, seeking to leverage its in-house team and experience for clients across a range of asset classes.

Finance & Capital Markets
Kennedy Funding closes $4.2 million land loan to major flower distributor in Ecuador

Kennedy Funding has expanded to Ecuador with a newly closed, $4.15 million land loan to a family-owned flower distributor just south of the country’s capital.

Office
Inspiring innovation: Sanofi unveils vibrant new flagship office at Morristown’s M Station

Sanofi welcomed Gov. Phil Murphy and other public officials on Thursday to showcase its new 260,000-square-foot flagship office at Morristown’s M Station campus, the result of a $130 million investment to help the global health care company attract and retain talent.