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
GZA names new principal in New Jersey among recent promotions

GZA GeoEnvironmental Inc. has named a new principal in New Jersey, in one of three newly announced promotions for the professional services firm.

Office
CBRE touts 40,000 sq. ft. in new leasing at Morris County office complex

Four tenants have combined to lease nearly 40,000 square feet at an office complex near downtown Morristown, bringing the property to nearly full occupancy.

Office
Denholtz inks 10,000 sq. ft. renewal at Edison office park

Denholtz Properties has completed a renewal for more than 10,000 square feet with a tenant at its 12-building, 125,000-square-foot office complex in Edison.

Residential & Mixed Use
JLL: Investor acquires Morris County rental complex for $40 million

A multifamily owner has reaped nearly $40 million from the sale of a 123-unit, garden-style apartment complex in Morris County, following a sale arranged by JLL.

Industrial
Treetop adds 120,000 sq. ft. industrial building in Freehold

A developer and investor has acquired a nearly 120,000-square-foot warehouse in Freehold, its second industrial deal in two months, in a newly announced transaction by CBRE.

Industrial
CenterPoint taps new senior VP for development for east region

CenterPoint Properties has named a new lead development executive on the East Coast, a position whose focus will include growing the firm’s presence in New Jersey.

Professional Services
NAI Hanson adds sales associate in Parsippany office

NAI James E. Hanson has announced a new hire aimed at bolstering its team of Parsippany-based brokers.

Office
CBRE: Fruit snack maker leasing 111,000 sq. ft., moving to ex-Hertz HQ in Park Ridge

The company behind Welch’s Fruit Snacks is moving its headquarters to Park Ridge, where it has leased more than 110,000 square feet at the former longtime home of The Hertz Corp.

Office
Chemicals maker takes 70,000 sq. ft. at ex-BMS campus in Plainsboro, Colliers says

Another tenant is coming to a sprawling former Bristol-Meyers Squibb campus in Plainsboro, having committed to 70,000 square feet at one of the site’s existing high-end office buildings.

Events
NAIOP highlights standouts in service, advocacy at annual awards dinner

Commercial real estate leaders came together on Monday to honor a group of top advocates and service professionals, touting their work in public policy and in shaping the industry’s future.