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.

Residential & Mixed Use
Rockefeller Group, nonprofits unveil supportive housing at The Green at Florham Park

Rockefeller Group has teamed with two area nonprofits to open an eight-building, 62-unit supportive housing community at its vast mixed-use campus in Florham Park.

Industrial
NAI Hanson: Distributor finds new home in Fairfield, takes 10,400 sq. ft.

An appliance wholesaler is relocating within Fairfield after signing a 10,400-square-foot industrial lease in the township, brokers with NAI James E. Hanson announced.

Roundtable
Besides public health, what is a top policy or legislative concern for the commercial real estate industry?

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

Retail
Smoothie, acai bowl shop coming to Denholtz project in Red Bank

Denholtz Properties has landed its first retail tenant at a new mixed-use project in Red Bank, inking a lease with a locally based juice, smoothie and acai bowl shop.

Residential & Mixed Use
Weiss Properties unveils 60-unit rental building, its latest project in Somerville

Weiss Properties has opened the doors to its second luxury residential building in Somerville, delivering 60 new apartments and amenity spaces to the borough’s growing downtown.

Industrial
Diversified, Hampshire affiliates buy Montville industrial portfolio, Resource Realty says

A joint venture has closed on a five-building, 100,000-square-foot industrial portfolio in Montville, in a newly announced transaction by Resource Realty of Northern New Jersey.

Office
Larken, consulting firm ink 1,800 sq. ft. lease in Branchburg

A workspace consulting firm is moving to an office complex in Branchburg, where it is taking more than 1,800 square feet under a lease with Larken Associates.

Industrial
BRC: New Jersey firm acquires 188,000 sq. ft. industrial building in Georgia

A Carteret-based investor has expanded its out-of-state portfolio, acquiring a 188,225-square-foot industrial building in Georgia for more than $14 million.

Office
KABR sells Ridgefield Park office building, home to Samsung’s U.S. headquarters

The KABR Group has sold a 233,000-square-foot office building in Ridgefield Park, the longtime home of Samsung’s U.S. headquarters, in a deal brokered by JLL.

Office
Mack-Cali sells Princeton-area office building for $7.5 million

Mack-Cali Realty Corp. has offloaded another suburban office property, completing the sale of a nearly 100,000-square-foot building in the Princeton submarket for $7.5 million.