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.

Office
Security firm leases 2,200 sq. ft. in Hasbrouck Heights, Sanzari says

A security services company is taking 2,200 square feet of office space in Hasbrouck Heights, under a newly completed transaction with Alfred Sanzari Enterprises.

Professional Services
Resource Realty announces two new SIOR members

Two brokers with Resource Realty are among the newest members of the Society of Industrial and Office Realtors’ New Jersey chapter.

Retail
Colliers named leasing agent of Atlantic County mall

An investment group has tapped Colliers International as its leasing agent at a 1 million-square-foot mall in Atlantic County, the real estate services firm announced Wednesday.

Finance & Capital Markets
NorthMarq sources $900,000 loan for East Rutherford post office building

The owner of a nearly 4,000-square-foot retail property in East Rutherford has closed on $900,000 in financing, in a newly completed transaction by NorthMarq.

Government & Public Policy
Developer, local officials offer vision for $500 million project in East Brunswick

A developer on Tuesday joined local officials in East Brunswick to present their vision for a $500 million redevelopment plan in the township, seeking to transform more than 40 acres of aging and underutilized retail property along the busy Route 18 corridor.

Finance & Capital Markets
JLL sources $16.8 million construction loan for Mercer County industrial project

The developers of a 340,000-square-foot industrial building in Mercer County have secured nearly $17 million in construction financing, under a newly announced transaction by JLL.

Residential & Mixed Use
Developer touts key approval for 153-unit rental project in Union

A developer is one step closer to breaking ground on its first New Jersey project, a 153-unit apartment complex in Union that recently won approval from the township’s planning board.

Industrial
Kokes, Harvestate unveil Camden County self-storage project

A joint venture has taken the wraps off a new 78,500-square-foot self-storage facility in Winslow Township, bringing a new commercial ratable to the Camden County community.

Office
Tenants lease 28,000 sq. ft. at new-look office building in Bernardsville, Zimmel says

Seven tenants have combined to lease more than 28,000 square feet at a newly renovated office building in Bernardsville, according to brokers with Zimmel Associates.

Projects
NAI DiLeo-Bram taps Simon as chief operating officer

Industry veteran David A. Simon has joined NAI DiLeo-Bram & Co. as chief operating officer, signaling the brokerage firm’s plans to grow its footprint and gain market share in New Jersey.