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.

Industrial
Colony acquires Mahwah industrial building, seals North Jersey portfolio deal

Colony Capital Inc. has closed on its acquisition of a newly built, 271,176-square-foot distribution center in Mahwah, completing an 11-building portfolio sale that began last spring.

Office
Bergen County acquires 34,000 sq. ft. Hackensack office building

The longtime owner of a 34,000-square-foot office building in Hackensack has sold the property to one of its tenants, the Bergen County government, under a deal arranged by NAI James E. Hanson.

Retail
C&W: Retail center inks leases with fitness, burger chains

An Elmwood Park shopping center is now fully leased after recent deals with a fitness operator and a national burger chain, brokers with Cushman & Wakefield said Tuesday.

Professional Services
NAI Mertz names executive VP, managing director

NAI Mertz has deepened its bench with a longtime commercial real estate executive, who will help oversee its four offices in South Jersey and eastern Pennsylvania.

Events
New Jersey Future unveils smart growth award winners for 2019

New Jersey Future has announced the winners of its 2019 Smart Growth Awards, a group that includes adaptive reuse projects in four of the state’s major cities.

Professional Services
Law firm seeks to showcase private lender practice

An area law firm has launched a new website seeking to shine a light on its private lender law practice.

Retail
Golf simulator, escape room among latest additions to Bell Works atrium

The mixed-use Bell Works complex in Holmdel is expanding its entertainment and experiential retail offerings, adding an indoor golf facility, an escape room and a virtual reality studio to its indoor pedestrian plaza.

Residential & Mixed Use
2019 sales start strong at high-profile, 79-story condo tower in Jersey City

A condominium tower that is slated to become the state’s tallest residential building is off to a fast start in 2019, inking more than 30 sales in the first quarter.

Office
NKF named leasing agent for three-building office campus in Warren

A three-building, 231,000-square-foot office park in Warren is slated for a series of updates as part of a newly announced marketing plan by Newmark Knight Frank.

Residential & Mixed Use
New 34-unit rental complex on the market in Fairfield, Kislak says

The owner of a newly completed, 34-unit luxury apartment complex in Fairfield is seeking a buyer for the property, The Kislak Co. Inc. announced Monday.