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
NKF: Eatontown office, R&D campus sells for $32 million

An investment firm has reaped $32 million from its sale of a nearly 140,000-square-foot office and research complex in Eatontown, brokers with Newmark Knight Frank announced Tuesday.

Office
Colliers closes sale of 30,000 sq. ft. office building in Parsippany

A boutique multitenant office building in Parsippany is under new ownership, following a $3.5 million sale arranged by brokers with Colliers International.

Industrial
Logistics firm expands, takes 265,000 sq. ft. at Woodmont industrial building

Woodmont Industrial Partners has leased up a building in its out-of-state portfolio, landing a new 265,163-square-foot commitment at a distribution center outside Atlanta.

Residential & Mixed Use
Boonton community is latest New Jersey project for AvalonBay

AvalonBay Communities Inc. has taken the wraps off its latest New Jersey project, debuting a new 350-unit luxury apartment property off Interstate 287 in Boonton.

Office
JLL: Joint venture acquires another ex-Mack-Cali building in Paramus

Mack-Cali Realty Corp. has closed on its sale of a 373,420-square-foot office building in Paramus, continuing an effort to trim its once-vast portfolio in Bergen County.

Industrial
Homestake, Harvestate launch 595-unit self-storage project in Winslow

A joint venture has broken ground on a new 595-unit self-storage facility in Winslow Township, under a partnership with the industry’s second-largest operator.

Retail
C&W: Dental, dessert chains lease 4,500 sq. ft. at Edison retail development

A dental practice and a Taiwanese dessert chain have leased a combined 4,500 square feet at what will soon be a newly completed, 11,000-square-foot strip center in Edison.

Retail
Fast-growing daycare chain takes 10,000 sq. ft. in Burlington Co.

An early education chain is expanding in Burlington County with the recent completion of a 10,000-square-foot lease, brokers with The Goldstein Group said Monday.

Professional Services
Vantage RES names new director of investment sales

Vantage Real Estate Services has hired a 35-year commercial real estate industry veteran as its new director of investment sales.

Office
Gastroenterology group renews for 9,000 sq. ft. in Marlton

A gastroenterology practice has extended its lease at a medical office complex in Marlton, under a newly announced transaction by Rose Commercial Real Estate.