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
Murphy Partners announces new partners, changes name in key expansion

Murphy Partners LLP, a Newark-based law firm specializing in commercial real estate, has added two veteran attorneys to form a new practice known as Murphy Schiller & Wilkes LLP.

Industrial
Boniakowski: High-end candy, sweets company buys 27,000 sq. ft. Middlesex building

A candy and sweets importer is relocating from New York after acquiring a 27,000-square-foot building in Middlesex Borough, The Boniakowski Commercial Real Estate Group announced.

Events
March of Dimes to honor Milanaik at annual real estate industry fundraiser

The March of Dimes has picked veteran developer Jeff Milanaik as the latest honoree for its annual northern New Jersey real estate awards reception.

Industrial
CBRE details 312,373 sq. ft. lease, plans for new Modell’s logistics hub in Bordentown

Modell’s Sporting Goods is relocating to a new logistics and distribution hub in Bordentown after an “exhaustive search” that spanned three states, according to brokers with CBRE.

Retail
Wayne retail project coming to life, with locally based March Associates at the helm

A planned retail center in Wayne has joined the growing list of redevelopment projects in the municipality, thanks in large part to a locally based construction firm led by township residents.

Professional Services
Lee & Associates expands, adds Morris County-based broker

Lee & Associates has added a veteran broker to its New Jersey team, with an eye toward gaining a greater foothold in Morris and Essex counties.

Office
CPN inks sale of Lawrenceville office building, one of three new Mercer County deals

The owner of a medicine and spa facility has acquired a 9,500-square-foot office building in Lawrenceville, in one of three recent transactions by Commercial Property Network.

Retail
Portuguese-inspired barbecue concept opens Ewing location, LMC says

A new barbecue restaurant has opened its doors at a Mercer County shopping center, where it has leased 2,700 square feet under a deal brokered by Levin Management Corp.

Health Care & Education
Rose Commercial inks sale of 7,100 sq. ft. medical office building in Burlington Co.

An investment group has acquired a medical office building in Burlington County for nearly $900,000, in a newly completed transaction by Rose Commercial Real Estate.

Office
NKF: Parsippany, Park Ridge land top Q4 leases amid steady improvement in office market

Office tenants continued their flight to new and improved spaces as 2019 came to a close, furthering the case for landlords to upgrade or redevelop New Jersey’s aging stock of buildings.