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.

Professional Services
Hollister grows footprint, acquires South Jersey construction firm

Hollister Construction Services has acquired a Marlton-based builder and general contractor, expanding its reach into southern New Jersey and Philadelphia.

Office
Colliers: Piscataway office building fetches $11.5 million

An investor has acquired a nearly 200,000-square-foot office building in Piscataway, under a newly announced transaction by Colliers International.

Office
NAI Hanson touts Parsippany leases totaling 8,600 sq. ft.

Three tenants have leased a combined 8,600 square feet at a renovated boutique office building in Parsippany, brokers with NAI James E. Hanson said Thursday.

Industrial
Holiday decorating business takes 6,000 sq. ft. in Middlesex Borough

A holiday decorating company is expanding into 6,000 square feet of warehouse space in Middlesex Borough, The Boniakowski Commercial Real Estate Group said Thursday.

Industrial
Rockefeller, PCCP sell Piscataway logistics building for $65.7 million

Rockefeller Group and PCCP LLC have sold a Piscataway distribution center for $65.7 million, their latest sale of a building within a 2.2 million-square-foot industrial development.

Office
Flight to quality continues in N.J. office market, with looming uncertainty about incentives

Office tenants in New Jersey are still flocking to new or upgraded buildings, but the ability for landlords to deliver Class A space could be slowed by the loss of state business incentives.

Finance & Capital Markets
JLL: Buyer of high-end West Windsor office building lands acquisition financing

The buyer of a nearly 330,000-square-foot office building near Princeton has secured acquisition financing for the deal, brokers with JLL announced Wednesday.

Office
NKF tapped to lease, market Journal Square office building amid $11 million upgrade

The owner of a well-known office building in Jersey City has hired Newmark Knight Frank as its leasing agent, as it continues a sweeping overhaul of the 300,000-square-foot property.

Industrial
Transwestern named leasing agent at 146,000 sq. ft. flex complex in Morris County

A landlord has tapped Transwestern Commercial Services as its broker for a nearly 150,000-square-foot flex industrial building in Cedar Knolls.

Office
Biotech firm seals 90,000 sq. ft. lease at vacant pharma campus in Plainsboro

A biotechnology firm is set to become the first new tenant at the former Bristol-Myers Squibb campus in Plainsboro, where it will lease more than 90,000 square feet for its new U.S. headquarters and research lab.