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
Garibaldi: Investment, asset manager takes 11,000 sq. ft. for new Chatham headquarters

An investment and asset management firm has moved its headquarters to Chatham, where it leases nearly 11,000 square feet as part of a transaction brokered by The Garibaldi Group.

Industrial
CBRE: New York Life, logistics firm ink 250,000 sq. ft. lease in Edison

A logistics firm is leasing nearly 250,000 square feet of industrial space in Edison, under a newly announced transaction by CBRE.

Office
NAI Hanson inks sale of 5,000 sq. ft. office building in Mount Olive

A marketing firm has acquired a freestanding, 5,000-square-foot office building in Mount Olive as part of a newly completed transaction by NAI James E. Hanson.

Retail
Hazlet retail site with CVS, liquor store trades for $4.6 million

An investor has acquired a freestanding retail property in Hazlet for nearly $4.6 million, Rose Commercial Real Estate announced Wednesday.

Government & Public Policy
NJ Transit names new chief of real estate, development for TOD parcels

NJ Transit has tapped a former real estate investment trust executive as its first-ever head of real estate and development, seeking to spur new revenue streams and revitalize the many underused parcels around its train stations.

Retail
NKF, Katz ink 37,000 sq. ft. lease for PGA superstore in East Hanover

A new PGA Tour Superstore is coming to Morris County as part of a nearly 40,000-square-foot lease announced by Newmark Knight Frank and Katz & Associates.

Professional Services
Hamilton architecture firm expands, acquires Camden practice

A Hamilton-based design and planning firm has expanded its footprint and bolstered its offerings with the acquisition of a Camden-based practice.

Retail
Specialty grocer taking 12,000 sq. ft. on Route 10 in Parsippany, NAI Hanson says

An Indian grocery store operator has leased 12,000 square feet at a Parsippany retail building, brokers with NAI James E. Hanson announced Tuesday.

Industrial
BRC: Lighting company takes 13,000 sq. ft. in Piscataway

A lighting company has leased nearly 13,000 square feet of industrial space in Piscataway, in the largest of three newly announced transactions by Bussel Realty Corp.

Finance & Capital Markets
Mack-Cali lands $300 million loan for 750-unit tower in Jersey City, CBRE says

Mack-Cali Realty Corp. has closed on a $300 million construction loan for its planned 750-unit residential tower in downtown Jersey City, brokers with CBRE announced Monday.