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.

Retail
Korean BBQ chain inks lease at Hahne & Co., bringing Newark building to 100 percent leased

The revitalized Hahne & Co. building in downtown Newark is now fully leased after a nearly 2,000-square-foot commitment by a growing Korean barbeque restaurant.

Residential & Mixed Use
Owner of Gloucester golf course sells two-acre parcel

A developer has acquired a two-acre portion of a golf course in Gloucester County, where plans call for the construction of a single residential dwelling.

Retail
A crucial step: How Larken Associates has helped restaurants prepare for outdoor dining

With outdoor dining set to begin Monday as part of New Jersey’s phased economic reopening, Larken Associates and other landlords have been preparing alongside their restaurant tenants.

Professional Services
NAI DiLeo-Bram hires veteran broker as senior vice president

NAI DiLeo-Bram & Co. has added to its team with the hiring of a veteran office and industrial broker in New Jersey.

Office
C&W touts 38,000 sq. ft. in leasing at Jersey City office tower

Three tenants have leased a combined 38,441 square feet at a newly updated, 30-story office tower in Jersey City, brokers with Cushman & Wakefield announced last week.

Industrial
Denholtz, packaging business ink 31,000 sq. ft. lease in Monmouth

A packaging company has leased more than 31,000 square feet of industrial space in Eatontown, under a transaction arranged by Zimmel Associates.

Top News
Investor group wins control of Mack-Cali board after agreement with REIT

Seven of Mack-Cali Realty Corp.’s 11 board members are stepping down, clearing the way for a dissident investor group to take control after a proxy battle that dates back to early last year.

Industrial
Virtual broker event highlights construction at massive Linden logistics complex (VIDEO)

A development and leasing team recently welcomed dozens of brokers to a virtual open house for a planned eight-building, 4.1 million-square-foot logistics park in Linden, complete with a construction update, aerial drone footage and a networking session for those on the call.

Office
Game publisher takes 103,000 sq. ft. in Mount Olive sublease

A game publisher and manufacturer has subleased more than 100,000 square feet at a Mount Olive industrial building, in a newly completed transaction by Cushman & Wakefield.

Industrial
First tenant commits to new Morris Plains flex building, Resource Realty says

The developer of a new flex commercial building in Morris Plains has secured its first tenant, inking a 20,000-square-foot lease with a logistics provider for the life sciences industry.