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
Pierson Commercial named leasing agent at 204,000 sq. ft. Hazlet retail center

An investment team has tapped Pierson Commercial as its leasing agent at an upgraded shopping center in Hazlet, as it seeks to lure tenants to a newly dedicated restaurant section.

Industrial
Bridge, furniture maker ink 309,000 sq. ft. lease in Somerset, NAI DiLeo-Bram says

A furniture manufacturer has leased more than 300,000 square feet at Bridge Development Partners’ newly built industrial park in Franklin Township, NAI DiLeo-Bram & Co. announced.

Residential & Mixed Use
Ironstate, Brookfield announce three retail, medical leases at Montclair project

A joint venture has signed its first three commercial tenants at a soon-to-be-completed, mixed-use project in downtown Montclair, inking leases with an arts education school, an indoor rock-climbing gym and a well-known health care provider.

Residential & Mixed Use
Mixed-use building in Hudson County trades for $1.3 million, Marcus says

A private investor has acquired a mixed-use property in Union City for more than $1.3 million, under a newly announced transaction by Marcus & Millichap.

Office
Equity inks sale of 3,600 sq. ft. office building in Elmwood Park

An office building on Route 46 in Elmwood Park has changed hands for more than $750,000, in a transaction arranged by Equity Real Estate Brokerage LLC.

Professional Spotlight
Larken names new in-house counsel amid growing deal volume

Larken Associates has announced the hiring of a new in-house corporate counsel, citing its high leasing velocity across its mix of commercial properties in several states.

Industrial
Cold storage REIT acquires South Plainfield owner, operator for $480 million

The world’s largest real estate investment trust focused on temperature-controlled warehouses has acquired a South Plainfield-based owner and operator for $480 million.

Office
SJP touts build-out of new TIAA office space in Metropark (SLIDESHOW)

SJP Properties has taken the wraps off a new 64,000-square-foot office space in Woodbridge for TIAA, the Fortune 100 financial services company.

Professional Services
Colliers expands Woodbridge office to support its growing team

Colliers International has expanded the size of its Woodbridge office, touting the need to accommodate its growing team in the region.

Retail
Four tenants join Advance retail center in Paramus, leasing 11,000 sq. ft.

Advance Realty Investors has added four tenants at a newly developed retail center in Paramus, where it has also tapped Newmark as its leasing agent.