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.

Office
NKF: Tech firms combine for 20,000 sq. ft. at Princeton-area building

The owner of a Princeton-area office building has inked three leases for a combined 20,000 square feet, brokers with Newmark Knight Frank announced Friday.

Health Care & Education
WCRE inks sale of Burlington City elementary school building

The Burlington City school district has sold a nearly 14,000-square-foot facility, in a transaction arranged by Wolf Commercial Real Estate.

Residential & Mixed Use
CBRE inks $11.3 million in Middlesex County apartment sales

Two apartment complexes in Middlesex County have changed hands for a combined $11.3 million, under a set of newly announced transactions by CBRE.

Office
NKF touts 80,000 sq. ft. in leasing at Warren office building

A soon-to-be-upgraded, 103,000-square-foot office building in Warren is more than 75 percent leased with the completion of two recent transactions by Newmark Knight Frank.

Retail
LMC: Burlington coming to ex-Toys R Us space in Raritan

A new Burlington store is set to backfill a former Toys R Us and Babies R Us store in Somerset County, where the retailer has signed a lease for 46,000 square feet.

Office
Church acquires 2,300 sq. ft. office building in Hackensack, NAI Hanson says

A local congregation has acquired a single-story office building in Hackensack, with plans to relocate to the property from a neighboring town.

Industrial
Bridge adds Northeast operations director to lead property management

Bridge Development Partners has expanded its New Jersey and New York team with the hiring of a new director of operations for the Northeast.

Industrial
Industrial leasing slowed by lack of supply, fueling need for new deliveries

A lack of supply has kept a lid on leasing activity in New Jersey’s industrial market, as developers race to build new projects that would help meet the robust demand from tenants.

Industrial
BRC inks 300,000 sq. ft. industrial sale in Rahway

A nearly 300,000-square-foot industrial building in Rahway has changed hands for $19.5 million, in a newly announced transaction by Bussel Realty Corp.

Office
Morris Plains office building sells for $3.7 million, Newmark says

An investor has acquired a 28,000-square-foot office building in Morris Plains for nearly $3.7 million, under a transaction arranged by Newmark Associates.