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
Greenbaum Rowe bolsters environmental group, names new partner

Greenbaum, Rowe, Smith & Davis LLP has named a new partner in its environmental department as part of several new additions to the practice.

Deals
Telecom firm takes 3,000 sq. ft. at upgraded Parsippany building, NAI Hanson says

A high-tech telecommunications firm has leased more than 3,000 square feet at a newly revamped office building in Parsippany, brokers with NAI James E. Hanson announced.

Industrial
BRC inks sale of two-acre development site in Edison

A commercial development site in Edison has changed hands for more than $1 million, in a newly completed transaction by Bussel Realty Corp.

Residential & Mixed Use
Prism breaks ground on 232-unit rental project at Woodbridge train station

Construction is underway at the former site of an auto dealership in downtown Woodbridge, where Prism Capital Partners is building 232 apartments and ground-floor retail space.

Industrial
Denholtz adds 69,000 sq. ft. industrial building in Eatontown, Zimmel says

Denholtz Properties has acquired a nearly 70,000-square-foot industrial building in Eatontown, under a newly completed transaction by Zimmel Associates.

Professional Services
IBS names new vice president of sales, marketing

Integrated Business Systems has hired a new vice president of sales and marketing, as it seeks to tap into the growing demand for real estate technology solutions.

Retail
LMC: Specialty pet bakery opens 2,500 sq. ft. store in Bridgewater

A specialty pet shop has opened the doors to a new 2,500-square-foot store in Bridgewater, offering a selection of baked goods and other items for dogs.

Office
Aspen, Devli acquire Monmouth office building from Mack-Cali for $26 million

A joint venture has acquired a Monmouth County office building from Mack-Cali Realty Corp., with plans to launch a series of upgrades at the nearly 190,000-square-foot complex.

Residential & Mixed Use
New apartments coming to site of iconic glass business in downtown Princeton

A development group led by a local family-owned business has broken ground on a project that will add six apartments to the site of historic glass business in downtown Princeton.

Office
WCRE: Engineering firm takes 2,400 sq. ft. in Cherry Hill for its first New Jersey office

An engineering firm is expanding into New Jersey with the completion of a nearly 2,400-square-foot lease in Cherry Hill, under a newly announced transaction by Wolf Commercial Real Estate.