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
WCRE inks sale of 33,000 sq. ft. office building in Marlton

An office building in the Marlton section of Evesham is under new ownership, following a transaction arranged by Wolf Commercial Real Estate.

Roundtable
What is a lesser-known need, issue or concern when preparing for a post-COVID workplace? 

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.

Finance & Capital Markets
New York Life lends $65 million for new Kearny industrial project

New York Life Real Estate Investors has completed a $65 million loan to the developer of a nearly 420,000-square-foot industrial building in Kearny.

Office
Somerset Development inks renewal, expansion among newest leases at Bell Works

Somerset Development has secured a renewal and expansion with a communications testing firm, in the largest of four new leases at its flagship Bell Works complex in Holmdel.

Industrial
Importer buys 16,200 sq. ft. warehouse in Elizabeth, Team Resources says

An importing company has acquired a 16,200-square-foot industrial building in Elizabeth, under a newly announced transaction by Team Resources Inc.

Residential & Mixed Use
Developer launches site work, proceeds with adaptive reuse of historic Paterson complex

A developer is moving ahead with a sweeping adaptive reuse plan in Paterson, where it hopes to transform a historic industrial complex into a destination for residents and businesses.

Office
Onyx-led group seals purchase of 10-building Morris County portfolio from Mack-Cali

A joint venture led by Onyx Equities has closed on its $158 million purchase of a 10-building, 1.5 million-square-foot office portfolio in Parsippany and Madison from Mack-Cali Realty Corp.

Office
Highstone taps JLL to lease 141,000 sq. ft. office building in Ramsey

An investment firm has picked JLL as its leasing agent at a newly upgraded, 141,000-square-foot office building in Ramsey.

Professional Services
B6 adds broker to lead Bergen County investment sales

B6 Real Estate Advisors has expanded its New Jersey team with the addition of a broker focused on investment sales in Bergen County.

Industrial
Marcus brokers sale of 45,000 sq. ft. flex industrial complex in Toms River

A private buyer has purchased a two-building, 45,000-square-foot flex industrial property in Toms River, brokers with Marcus & Millichap announced Wednesday.