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
Goldstein Group: Busy 47,000 sq. ft. retail center in Fort Lee trades for $37 million

An investor has acquired a 47,000-square-foot retail property in downtown Fort Lee for $37 million, in a deal arranged by Booth Street Realty and The Goldstein Group.

Industrial
Investor buys flex, warehouse portfolio in Rockaway Borough for $13 million, CBRE says

A private investor has acquired more than 123,000 square feet of commercial space in Rockaway Borough for $12.75 million, in a newly announced deal by CBRE.

Residential & Mixed Use
Value Cos. adds Byrne as leasing, marketing manager for new construction projects

Value Cos. has welcomed Cheryl Byrne as a leasing and marketing manager, filling a key role that will support its new construction pipeline.

Retail
Kislak: Brooks Brothers coming to downtown Red Bank with new 5,300 sq. ft. lease

Brooks Brothers has leased nearly 5,300 square feet for a new store in downtown Red Bank, in a newly announced deal by Kislak Commercial Real Estate Services Inc.

Residential & Mixed Use
Developer lands site plan approval for 156-unit rental project in Irvington

A developer has taken a key step toward bringing 156 new apartments and retail space to a well-known corridor in Irvington, according to a project team with Taylor Architecture & Design.

Office
Hackensack Meridian tops off new headquarters, medical office building at Metropark station

Hackensack Meridian Health’s new headquarters and medical office building in Woodbridge is on track to open this fall after reaching a key construction milestone last week.

Professional Services
NAIDB promotes standout broker Shein to executive vice president

NAI DiLeo-Bram & Co. has promoted Marc Shein, a leading producer at the commercial real estate brokerage firm, to executive vice president.

Health Care
Accordia: Montvale office building adds dentistry practice as latest health care tenant

A general and cosmetic dentistry practice is coming to an Accordia-managed office building in Montvale after leasing more than 3,000 square feet at the property.

Professional Services
McCarter property tax attorney Norcia among firm’s newest partners

Property tax attorney Joseph J. Norcia is among nine newly elevated partners at McCarter & English LLP, the Newark-based law firm announced last week.

Residential & Mixed Use
Walters hits full occupancy at new 50-unit affordable housing property in Holmdel

Walters has leased up a new 50-unit residential property in Holmdel, one of the latest additions to its portfolio of income-restricted housing at the Jersey Shore and across the state.