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
Self-storage building in Totowa sells for $19.5 million

Tulfra Real Estate and The Hampshire Cos. have sold a 91,000-square-foot self-storage facility in Totowa for $19.5 million, touting it as a sign of growing demand for the asset class.

Office
Saxum names new director of leasing

Saxum Real Estate has hired a new director of leasing for its growing roster of downtown commercial buildings.

Industrial
Cabinet business acquires piece of ex-Montblanc pen factory, HQ

A cabinet maker is set to take over a portion of the former Montblanc pens factory and headquarters in Hunterdon County, following a sale brokered by Charity Realty International LLC. 

Office
Tenants renew, expand at Fairfield office building, Sheldon Gross says

Two existing tenants have inked new deals at a 136,000-square-foot office building in Fairfield, including a nearly 81,000-square-foot renewal by a wine and spirits distributor.

Residential & Mixed Use
Newark garden apartment complex sells for $50 million

The longtime owner of a 452-unit garden apartment complex in Newark has sold the property for $50 million, in a deal arranged by Gebroe-Hammer Associates.

Office
VREP, Rubenstein detail plans to integrate newly acquired Parsippany campuses

A joint venture will set out to connect two pieces of the Morris Corporate Center property in Parsippany, creating what it says is a campus that can support a tenant requirement of more than 500,000 square feet.

Retail
Bell Works inks seven new retail leases for indoor pedestrian plaza

Seven new retail tenants have committed to Bell Works, the mixed-use campus that now occupies the landmark, 2 million-square-foot former Bell Labs complex in Holmdel.

Retail
Bergen County retail building trades for $1.75 million, CBRE says

CBRE has arranged the $1.75 million sale of a single-story, 3,700-square-foot retail property in downtown Wyckoff.

Residential & Mixed Use
Leasing surge fuels momentum at Jersey City rental project

A new 377-unit luxury rental project in Jersey City is more than 50 percent leased, its developer said, thanks in part to a recent surge in which it signed nearly 80 leases in just four weeks.

Events
Rutgers, Monmouth students set to weigh in on Roche campus at NAIOP program

Less than a month after hosting a forum for local residents and other stakeholders, the former Hoffmann-LaRoche campus will welcome aspiring commercial real estate professionals.