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
Denholtz inks 12,000 sq. ft. renewal at upgraded Red Bank office building

A tenant at Denholtz Properties’ new-look headquarters building in Red Bank has renewed its lease for more than 12,000 square feet, the landlord said Wednesday.

Residential & Mixed Use
Mixed-use Jersey City building trades for $1.25 million, Cervelli says

A multifamily buyer has added 12 apartments in Jersey City, following a newly completed transaction by Cervelli Real Estate & Property Management.

Government & Public Policy
GZA project manager tapped for DEP advisory post

A senior project manager at GZA GeoEnvironmental Inc. has been named to a key advisory board for the state Department of Environmental Protection.

Sponsored Content
EWMA readies for environmental remediation changes set out in SRRA 2.0

Comprehensive updates to New Jersey’s 2009 Site Remediation Reform Act (SRRA), signed into law on August 23, will impact how thousands of properties in the state are remediated and redeveloped.

Professional Services
Developer launches third-party construction firm, teams with longtime industry executive

A veteran developer and his Montville-based firm have launched a new affiliate that will provide third-party construction services to fellow commercial and multifamily builders.

Residential & Mixed Use
Fairfield rental complex fetches $14 million in 1031 exchange deal

A newly built, 34-unit apartment complex in Fairfield has changed hands for nearly $14 million, following a transaction arranged by The Kislak Co. Inc.

Industrial
Merchandiser takes 23,000 sq. ft. at Moonachie warehouse

A high-end wholesale merchandiser has leased 23,000 square feet of warehouse space in Bergen County, under a newly announced transaction by Team Resources Inc.

Retail
LMC adds new leasing representative for New Jersey portfolio

Levin Management Corp. has bolstered its team of retail professionals with the addition of a new leasing representative.

Industrial
Stro, NAI Hanson tout 28,000 sq. ft. industrial lease in Elmwood Park

A kosher foods distributor has leased 27,600 square feet at a flex industrial building in Elmwood Park, brokers with NAI James E. Hanson announced.

Retail
Filipino grocer expands, opens new Clifton location

A growing Filipino grocery store has opened its new flagship location in Clifton, where it occupies 16,000 square feet within a busy Route 46 shopping center.