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.

Professional Services
Construction, real estate attorneys among three new partners at Mandelbaum Salsburg

Mandelbaum Salsburg PC has made three high-profile additions to its practice, including new hires in the fields of construction and real estate law.

Industrial
Roselle Park warehouse fetches $4.65 million, Lee & Associates New Jersey says

An 80,000-square-foot warehouse in Union County has changed hands for $4.65 million, brokers with Lee & Associates New Jersey announced Wednesday.

Industrial
JLL: Marketing, PR firm sells Eatontown flex building

A marketing and public relations firm has sold a 36,500-square-foot flex facility in Eatontown, in a transaction arranged by brokers with JLL.

Office
Matrix inks two renewals for 51,000 sq. ft. at Cranbury business campus

Matrix Development Group has inked two lease renewals at its 13-building, 345,000-square-foot business campus along the New Jersey Turnpike in Cranbury.

Finance & Capital Markets
JLL: Developer lands $90 million loan for two-phase, 1,100-unit project in Harrison

A developer is nearing completion of 205 apartments in Harrison and is preparing to build another 898 units nearby, having secured nearly $90 million in financing for the project.

Office
Pharma firm taps SJP for build-out of new 300,000 sq. ft. headquarters at ON3

A pharmaceutical company has selected SJP Properties to manage the build-out of its new 300,000-square-foot U.S. headquarters in Nutley.

Finance & Capital Markets
Rubenstein inks $57 million loan for buyer of Honeywell campus in Morris Plains

A division of Rubenstein Partners LP has closed $57 million in financing to the buyer of the 465,000-square-foot former Honeywell International building in Morris Plains.

Professional Spotlight
Giordano names new shareholder, chairs across real estate and land use teams

Giordano, Halleran & Ciesla has named a new shareholder and two new chairs within its team of real estate and land use attorneys.

Office
C&W inks sale of 58,000 sq. ft. office building in Bridgewater

An investment firm is planning renovations to a Bridgewater office building after recently completing its purchase of the property, brokers with Cushman & Wakefield announced.

Professional Services
NAI DiLeo-Bram adds associate vice president to growing brokerage team

NAI DiLeo-Bram & Co. has bolstered its team of industrial brokers with the addition of a new associate vice president.