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.

Industrial
Deluccia: Sheet metal business sells 62,000 sq. ft. Somerset industrial building for $8.5 million

A sheet metal fabricator has sold a nearly 62,000-square-foot light industrial building in Franklin Township for $8.5 million, in a deal arranged by Deluccia Commercial Group.

Office
Accordia taps C&W as leasing, marketing team for 190,000 sq. ft. Fairfield office building

Accordia has selected Cushman & Wakefield as its leasing agent for the 190,000-square-foot Greenbrook Executive Center in Fairfield, the brokerage team announced.

Retail
JLL: Buyer sought for 146,000 sq. ft. grocery-anchored retail center in Orange County

A grocery-anchored shopping center in New York’s Orange County — some 30 miles north of the New Jersey border — is on the market for sale as part of a new offering by JLL.

Professional Services
Veteran real estate, land use lawyer Porro joins Brach Eichler as member

Brach Eichler LLC has welcomed Kenneth A. Porro as a member of its land use group based in the firm’s Roseland headquarters.

Residential & Mixed Use
Investor buys 57-unit Summit apartment complex for $21 million, Kislak says

A private investor has sold a 57-unit garden apartment complex in Summit for more than $21 million, in a newly announced deal by The Kislak Co. Inc.

Government & Public Policy
Rutgers real estate center leader Davis tapped as nation’s chief housing economist

Morris Davis, the longtime academic leader of the Rutgers Center for Real Estate, is joining the White House Council of Economic Advisers as the nation’s chief housing economist.

People
Denholtz adds Loy, Vasquez in key asset management positions

Denholtz has bolstered its asset management team with two new hires, welcoming commercial real estate industry veterans Warren Loy and Nicole Vasquez.

Retail
LMC: Dogtopia, Club Pilates join tenant roster at new-look retail center in West Orange

A plan to redevelop a grocery-anchored retail center in West Orange is bearing fruit with the addition of new tenants in the pet and fitness categories and several more in the pipeline.

Industrial
Fragrance company takes 25,000 sq. ft. at Somerset industrial property, BRC says

A fragrance manufacturer has leased 25,000 square feet of industrial space in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Tuesday.

Retail
New fitness, health and wellness tenants commit to Urban Edge center in Middletown

Urban Edge Properties has all but filled a Monmouth County shopping center after securing three new leases totaling some 6,000 square feet.