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
Weichert announces three new broker hires

Weichert Commercial Brokerage has made three additions to its brokerage team, including an industry veteran who is returning to the firm and two sales associates.

Industrial
Ballet company leases 16,600 sq. ft., eyes move to Florham Park

A historic dance company is in line to expand and relocate to nearly 17,000 square feet in Florham Park, following a transaction arranged by CBRE.

Retail
Goldstein Group inks 3,200 sq. ft. urgent care lease in Aberdeen

An urgent care franchise is expanding with a new 3,200-square-foot location in Aberdeen, where it has taken a space once occupied by a restaurant.

Government & Public Policy
EDA touts $2.5 million loan for Trenton manufacturer

New owners have taken the reins of a nearly 40-year-old manufacturing firm, having recently acquired the company’s 160,000-square-foot warehouse facility in Trenton.

Office
HFF opens new Morristown office, with an eye toward the future (SLIDESHOW)

HFF has opened the doors to the new home of its New Jersey office, a 13,000-square-foot suite in downtown Morristown that is meant to help the capital markets firm retain and attract talent.

Office
Devli Group takes majority stake in Eatontown office complex

A joint venture has taken control of a fully leased, two-building office complex in Eatontown.

Residential & Mixed Use
The Marketing Directors lands six new leasing assignments in Hoboken, Jersey City

A rendering of The Enclave, a 260-unit luxury rental project at 675 Monmouth St. in Jersey City — Courtesy: The Marketing Directors/BNE Real Estate Group By Joshua Burd Developers have tapped The Marketing Directors to lead leasing campaigns for six…

Health Care & Education
Medical office portfolio fetches $2 million, Colliers says

A private investor has paid $2 million for a fully leased, three-building medical office portfolio in Burlington County, brokers with Colliers International announced last week.

Retail
Vantage RES inks sale of Gloucester County retail center

An investor has acquired a nearly 20,500-square-foot shopping center in Gloucester County, under a newly announced transaction by Vantage Real Estate Services.

Government & Public Policy
Woodbridge seeking redevelopers for 54-acre developmental center campus

The township of Woodbridge is seeking proposals from developers interested in transforming the 54-acre site of a former state-owned complex for residents with developmental disabilities.