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.

Event Coverage
Withum earns CREW NJ’s ‘Company of the Year’ award

CREW NJ has recognized one of the state’s largest accounting firms for its role in supporting the organization and the advancement of women in the commercial real estate industry.

Policy Page
Giving yields the greatest ROI

Times are good now for the commercial and industrial real estate industry, and those professionals that comprise NAIOP are an integral component in successful economic development projects. These same industry professionals also are doing great things for our fellow New Jerseyans.

Office
Onyx, DRA tap NKF as leasing agent at 500,000 sq. ft. office campus in Paramus

Onyx Equities and DRA Advisors have picked Newmark Knight Frank as their leasing agent for a newly repositioned, two-building office campus in Paramus.

Industrial
Colliers: Boston investment adviser acquires Logan industrial building

An investment manager has acquired a nearly 152,000-square-foot industrial building in Logan Township, under a newly completed transaction by Colliers International.

Industrial
Chemicals maker expands, takes 20,000 sq. ft. in Parsippany, NAI Hanson says

A specialty chemicals maker has leased 20,000 square feet of industrial space in Parsippany as part of an ongoing expansion, brokers with NAI James E Hanson announced.

Office
Mack-Cali agrees to sell Parsippany, Madison portfolio for $289 million

Mack-Cali Realty Corp. has agreed to sell 2.4 million square feet of office space in Parsippany and Madison to a joint venture led by Onyx Equities LLC, in a $288.5 million deal that sets up a plan to shed its entire suburban office portfolio.

Industrial
Matrix inks new industrial leases with Modell’s, Walmart for nearly 500,000 sq. ft.

Matrix Development Group has signed new leases at industrial projects in Burlington and Salem counties, where two of retail’s biggest names will take a combined 489,000 square feet.

Office
Columbia, BNY subsidiary ink 400,000 sq. ft. renewal in Jersey City

The Bank of New York Mellon is staying in place on the Jersey City waterfront, where it has signed a roughly 400,000-square-foot renewal with Columbia Property Trust Inc.

Office
West Orange medical office building fetches $9.5 million, Newmark says

A buyer has paid $9.5 million for a 50,400-square-foot medical and professional office building in West Orange, with plans to bring a surgery center to a portion of the property.

Health Care & Education
Embroidery, screen printing business buys vacant Phillipsburg school building

The Phillipsburg Board of Education has sold a vacant 8,500-square-foot school building in the Warren County town, under a newly completed transaction by NAI James E. Hanson.