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
Colliers hires longtime Princeton real estate exec as managing director

Colliers International has bolstered its Princeton-based brokerage team with the hiring of a longtime industry executive in the area.

Industrial
Trucking firm takes 58,000 sq. ft. at Edison industrial building

A trucking company has leased nearly 60,000 square feet at an Edison industrial building, under a newly announced transaction by Bussel Realty Corp.

Retail
Old Navy inks 12,500 sq. ft. lease at new Parsippany retail center

Old Navy has joined the roster at a newly built shopping center in Parsippany, where it will occupy 12,500 square feet alongside tenants such as Whole Foods Market and Shake Shack.

Government & Public Policy
ACDevco senior project manager joins State Planning Commission

A professional with the Atlantic City Development Corp. is among four new appointees to the New Jersey State Planning Commission, as stakeholders look to re-energize the agency that sets development policy and priorities throughout the state.

Retail
Ex-bank location changes hands in Jersey City Heights, NAI Hanson says

Wells Fargo has sold a two-story former branch location in the Jersey City Heights neighborhood, brokers with NAI James E. Hanson announced Wednesday.

Office
Vision unveils new lobby, roof deck at well-known Morristown office building

Vision Real Estate Partners has taken the wraps off its newly completed overhaul at an office building in downtown Morristown, where it has also debuted a series of new amenities.

Finance & Capital Markets
JLL inks $20.5 million loan for Opportunity Zone acquisition in Jersey City

A fund operated by Columbia Property Trust has secured more than $20 million in financing to acquire a newly completed, 93-unit apartment building in Jersey City.

Residential & Mixed Use
Developers hail leasing milestone at 424-unit Hoboken tower

A new 424-unit luxury apartment building on the western edge of Hoboken is now 50 percent leased, a milestone that comes less than six months after a joint venture debuted the property.

Industrial
Denholtz touts new leases, renewals at Toms River business park

Nine tenants have combined to lease more than 15,000 square feet at a business park in Toms River, under a series of transactions by Denholtz Properties.

Residential & Mixed Use
Closings underway at condo tower in Jersey City’s Newport section

The first residents have moved into a new luxury condominium tower in Jersey City’s landmark Newport section, marking a milestone for a high-profile redevelopment on the Hudson River.