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
Mount Laurel warehouse sells for $32 million

An investment group has reaped $32.2 million from the sale of a nearly 300,000-square-foot warehouse in Mount Laurel, under a newly announced transaction by JLL.

Residential & Mixed Use
Gebroe-Hammer closes $20 million in multifamily sales along Parkway corridor

Five apartment properties with a combined 117 units have changed hands in Essex, Union and Monmouth counties, in a series of newly completed deals by Gebroe-Hammer Associates.

Retail
Aberdeen retail asset trades for $2.3 million, Marcus says

An out-of-state buyer has paid $2.3 million for a 6,000-square-foot retail property in Aberdeen, brokers with Marcus & Millichap announced Wednesday.

Retail
Zoltek: 7-Eleven inks leases for new stores in Jersey City, Carlstadt

Convenience store chain 7-Eleven has found two new locations in northern New Jersey, leasing a combined 5,200 square feet at sites in Jersey City and Carlstadt.

Office
Woodbridge: KBS inks 53,000 sq. ft. extension with BNP Paribas

A global banking organization has extended its commitment at a Woodbridge office park, where it occupies more than 53,000 square feet under a lease with KBS.

Office
Vision, Rubenstein detail new Sax LLP lease at Parsippany office campus

One of the state’s top accounting firms will debut its new headquarters this summer, when it moves to a soon-to-be-transformed, two-building office campus in Parsippany.

Industrial
Logistics firms take 330,000 sq. ft. in separate Edison transactions, Lee & Associates says

Two logistics users have combined to lease more than 330,000 square feet in Edison, in a pair of newly announced industrial deals by Lee & Associates New Jersey.

Finance & Capital Markets
G.S. Wilcox touts $57 million in new loans for commercial, multifamily clients

G.S. Wilcox & Co. has sourced a combined $13.2 million in financing for two commercial properties on Route 22, in transactions that come amid $57 million in recent activity.

Industrial
BRC: Elevator contractor expands, acquires 40,000 sq. ft. Linden building

An elevator contractor has acquired a 40,000-square-foot industrial building in Linden, under a newly announced transaction by Bussel Realty Corp.

Professional Services
PS&S adds veteran wastewater utility official to Wall office

PS&S has hired a longtime public utility official in Monmouth County as the newest edition to its water resources team.