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
Contractor buys 28,000 sq. ft. warehouse on 3.4 acres in Fairfield for $8.7 million, NAI Hanson says

The site of a 28,000-square-foot warehouse with excess land in Fairfield has changed hands for nearly $8.75 million, brokers with NAI James E. Hanson announced Tuesday.

Professional Services
Sheldon Gross to manage 131,000 sq. ft. commercial, industrial portfolio in Central Jersey

The owners of five commercial buildings in Monmouth and Middlesex counties have tapped Sheldon Gross Realty to manage the properties.

Office
C&W: New leases, renewals fuel 90,000 sq. ft. in activity at revitalized 3 Gateway in Newark

Rugby Realty is reaping the benefits of a plan to modernize Newark’s 3 Gateway office tower, where it has inked some 90,000 square feet in recent leasing volume.

Residential & Mixed Use
Newly approved ‘M Lofts’ to bring 150 rentals to Morristown as key development continues

Officials in Morristown have all but cleared the path for a development that would bring 150 new apartments to a long-underused site near the landmark M Station office campus.

People
Mazzola joins Greystar to spearhead development in New York metro region

Greystar, the multifamily investment, development and management firm, has hired Chris Mazzola as its managing director of development in the New York metro region.

Industrial
Event rental company inks lease at newly sold Hillsborough industrial building, Deluccia says

An investor has purchased and quickly filled a 6,000-square-foot commercial building in Hillsborough, in a set of transactions managed by Deluccia Commercial Group.

Industrial
Herbal therapeutics maker leases 3,000 sq. ft. at South Plainfield warehouse, BRC says

A company that develops plant-based ingredients and supplements has taken 3,000 square feet of industrial space in South Plainfield, brokers with Bussel Realty Corp. said Monday.

Retail
Karate studio, boxing gym coming to Voorhees retail center, Vantage Commercial says

A shopping center in Voorhees Township is now fully leased after new deals with a karate studio and a boxing gym, brokers with Vantage Commercial announced recently.

Office
Owner of Madison headquarters campus taps JLL, eyes redesign to attract new tenant

A well-known corporate headquarters in Madison is poised for a major update as its owner seeks a new tenant for the 270,000-square-foot property, where it has named JLL as its leasing agent.

Government & Public Policy
EDA backs Liberty Science Center refresh, expansion with $40 million tax credit award

State officials have pledged their support to a planned expansion of the Liberty Science Center in Jersey City — including more than 100,000 square feet of new outdoor exhibition space — under a $40 million project that would also refresh the museum’s indoor offerings.