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
Team Resources inks 120,000 sq. ft. in Bergen County industrial deals

A logistics company has leased more than 57,000 square feet of industrial space in Moonachie, in one of three newly announced transactions by Team Resources Inc.

People
Larken names new director of finance

Larken Associates has hired a veteran accounting manager as its new director of finance.

Industrial
Rockefeller Group breaks ground on 400,000 sq. ft. industrial project in Middlesex

Rockefeller Group has started construction on a new 400,000-square-foot distribution center, as it expands upon its recently built, 2.1 million-square-foot logistics campus in Piscataway.

Finance & Capital Markets
JLL inks $148 million loan for sale of 1.5 million sq. ft. office portfolio in Morris County

An investment group has secured nearly $148 million in financing for its recent purchase of 10 office buildings in Parsippany and Madison, in a transaction arranged by JLL.

Professional Services
Murphy Schiller & Wilkes adds two associates to Newark-based real estate team

Murphy Schiller & Wilkes LLP has added two associates to its growing team of commercial real estate attorneys.

Office
SJP completes build-out for new Life Time co-working space in Bridgewater

SJP Properties is touting the debut of a new co-working space in Bridgewater, the latest addition to its 1.2 million-square-foot Somerset Corporate Center campus.

Industrial
Linden industrial building trades for $1 million, BRC says

A flavor and food ingredients company has purchased an 8,000-square-foot industrial building in Linden for more than $1 million, according to brokers with Bussel Realty Corp.

Office
Ad agency buys Collingswood office building for $600,000

An advertising firm is relocating to Collingswood after acquiring a 5,000-square-foot office building in the borough, in a transaction arranged by Markeim Chalmers Inc.

Residential & Mixed Use
RPM announces sale of famed ‘General’s House’ at Fort Monmouth residential site

RPM Development Group has inked the sale of a historic five-bedroom home in Oceanport, part of a collection of upscale dwellings that it has been marketing at the former Fort Monmouth.

Office
Banking giant inks 20-year, 150,000 sq. ft. renewal in Jersey City, as landlord launches $10 million building upgrade

In a time of uncertainty for the office sector, many landlords and tenants have stayed bullish on the need for a physical workplace. Look no further than one of Jersey City’s tallest commercial buildings — and the French banking giant that has called it home for nearly 15 years.