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
C&W touts 38,000 sq. ft. in leasing at Jersey City office tower

Three tenants have leased a combined 38,441 square feet at a newly updated, 30-story office tower in Jersey City, brokers with Cushman & Wakefield announced last week.

Industrial
Denholtz, packaging business ink 31,000 sq. ft. lease in Monmouth

A packaging company has leased more than 31,000 square feet of industrial space in Eatontown, under a transaction arranged by Zimmel Associates.

Top News
Investor group wins control of Mack-Cali board after agreement with REIT

Seven of Mack-Cali Realty Corp.’s 11 board members are stepping down, clearing the way for a dissident investor group to take control after a proxy battle that dates back to early last year.

Industrial
Virtual broker event highlights construction at massive Linden logistics complex (VIDEO)

A development and leasing team recently welcomed dozens of brokers to a virtual open house for a planned eight-building, 4.1 million-square-foot logistics park in Linden, complete with a construction update, aerial drone footage and a networking session for those on the call.

Office
Game publisher takes 103,000 sq. ft. in Mount Olive sublease

A game publisher and manufacturer has subleased more than 100,000 square feet at a Mount Olive industrial building, in a newly completed transaction by Cushman & Wakefield.

Industrial
First tenant commits to new Morris Plains flex building, Resource Realty says

The developer of a new flex commercial building in Morris Plains has secured its first tenant, inking a 20,000-square-foot lease with a logistics provider for the life sciences industry.

Residential & Mixed Use
Marcus: Jersey City rental building fetches $2.3 million

A private investor has sold a 12-unit apartment property in Jersey City for $2.3 million, under a transaction arranged by brokers with Marcus & Millichap.

Office
NKF: Investment group sells 95,000 sq. ft. science, tech building in Warren

A joint venture has sold a newly upgraded, multiuse commercial building in Warren, under a transaction arranged by brokers with Newmark Knight Frank.

Top News
Mack-Cali postpones annual meeting, citing ongoing talks with Bow Street

Mack-Cali Realty Corp. has postponed its annual stockholders meeting this week amid ongoing talks with a dissident investor group that has sought to take over its board.

Office
Investment firm acquires 292,000 sq. ft. office campus in East Windsor

A private investment firm has made its entrance to the Mercer County submarket, acquiring a four-building, 291,550-square-foot office campus in East Windsor.