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
NCJW/Essex Center takes 5,000 sq. ft. for new headquarters in Roseland, NAI Hanson says

A local nonprofit has moved its headquarters after leasing nearly 5,000 square feet of office space in Roseland, brokers with NAI James E. Hanson announced Wednesday.

Office
Selective Insurance moving headquarters, leases 123,000 sq. ft. in Short Hills office deal

Selective Insurance has leased nearly 123,000 square feet for a new headquarters in the Short Hills section of Millburn, brokers with Cushman & Wakefield said Tuesday.

Industrial
EQT adds 11-building, 894,000 sq. ft. industrial portfolio along New Jersey Turnpike, JLL says

EQT Real Estate has acquired nearly 894,000 square feet of industrial space across 11 properties along the New Jersey Turnpike, in a newly announced deal by JLL.

Professional Services
Gray, former DEP and NJ Transit official, joins Greenbaum Rowe as partner

Greenbaum Rowe Smith & Davis LLP has bolstered two key practice areas with the addition of John P. Gray, a former official with two prominent state agencies.

Retail
Marcus: Investor buys 45,000 sq. ft. Parsippany shopping center for $18.5 million

A private investor has purchased a more than 45,000-square-foot retail center in Parsippany for $18.5 million, according to a brokerage team with Marcus & Millichap.

Professional Services
Caryl Communications’ Crisafulli named to PR Boutiques International executive committee

Sandy Crisafulli, president of Hoboken-based Caryl Communications, has joined the executive committee of the nonprofit industry network known as PR Boutiques International.

Top News
Procida wins $39 million judgment against ex-developer of Cherry Hill housing project

Procida Funding & Advisors LLC has secured a $39 million judgment against a former borrower and builder of a once-stalled senior housing development in Cherry Hill.

Office
New Jersey office leasing ‘constrained’ in Q3 as large-block users hit pause, reports say

The northern and central New Jersey office market cooled in the third quarter, with muted leasing volume and most deals taking place in spaces smaller than 50,000 square feet.

People
Madanick rises to vice president, commercial business development at National Integrity Title

National Integrity Title Agency has promoted Natalie Madanick to vice president for commercial business development, the Marlton-based firm announced last week.

Office
Premier Workspaces opens 25,000 sq. ft. coworking hub at Cherry Hill office park

A new coworking space has launched in Cherry Hill, occupying nearly 25,000 square feet at the Commerce Center campus off Route 38.