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
CBRE brokerage team touts $1.1 billion in New Jersey investment sales in 2019

A regional brokerage team with CBRE is hailing more than $1 billion in sales in 2019, highlighted by the $151.2 million trade of a nearly 320,000-square-foot logistics center in Secaucus.

Residential & Mixed Use
NAI Hanson: South Orange development lot changes hands, slated for mixed-use project

A developer has acquired the former site of a bank branch in South Orange, brokers with NAI James E. Hanson said, citing plans for a new building with retail and residential space.

Industrial
CBRE inks $4.7 million sale of North Jersey flex, industrial portfolio

A family estate has sold a four-building, 95,000-square-foot industrial and flex portfolio in northern New Jersey, under a newly announced transaction by CBRE.

Office
SJP, Scotto ink 110,000 sq. ft. lease with Deloitte for mixed-use redevelopment in Morristown

Deloitte LLP has agreed to lease 110,000 square feet in downtown Morristown, where it’s slated to anchor a high-profile redevelopment proposed by SJP Properties and Scotto Properties.

Retail
JLL: Monroe grocery-anchored retail center sells for $32 million

A joint venture has acquired a Middlesex County shopping center for more than $32 million, in a newly completed transaction by brokers with JLL.

Industrial
Treetop adds second Freehold industrial building, plans 200,000 sq. ft. redevelopment

Treetop Development has added its fourth industrial building in recent months, acquiring a nearly 155,000-square-foot complex in Freehold that it now plans to redevelop.

Office
CBRE inks 31,000 sq. ft. office lease in Parsippany

A technology and consulting firm has leased more 30,000 square feet at a Parsippany office building, under a newly announced transaction by CBRE.

Office
LeFrak, Harbor Group close $372 million office sale in Jersey City, reports say

An investment firm has closed on its $372 million acquisition of a 22-story office tower in Jersey City, adding a high-profile waterfront property to its growing New Jersey portfolio.

Office
Vision, Rubenstein tout upgrades at Parsippany campus amid high-profile lease (SLIDESHOW)

As they mark a high-profile transaction at a Parsippany office complex, Vision Real Estate Partners and Rubenstein Partners LP have offered a new look at their plans to transform the two-building, 700,000-square-foot office complex.

Industrial
NAI Hanson: Lighting firm acquires South Hackensack building, relocating from NYC

A lighting company is relocating from Manhattan after acquiring a 20,000-square-foot industrial building in South Hackensack, in a newly announced deal by NAI James E. Hanson.