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.

Retail
New-look shopping center in Toms River hits full occupancy

A real estate investment firm has brought a Toms River shopping center to full occupancy, touting the milestone about a year after acquiring the 138,000-square-foot property.

Professional Services
Walsh joins Advance as managing director for development, construction

Advance Realty Investors has hired longtime industry executive Tom Walsh, who will help oversee development and construction for its fast-growing portfolio and for third parties.

Office
HFF: Investor acquires 119,000 sq. ft. office building in Montvale

A private equity firm has sold a 119,000-square-foot office building in Montvale, the home of a well-known travel company and other tenants.

Office
Atkins completes two expansions at upgraded medical office building

Atkins Cos. has inked two lease expansions with tenants at a newly updated, 46,400-square-foot medical office building in Burlington County.

Industrial
Fair Lawn location is food company’s third N.J. warehouse, NAI Hanson says

A food manufacturer has expanded its footprint in New Jersey with a nearly 102,000-square-foot lease in Fair Lawn, brokers with NAI James E. Hanson announced Tuesday.

Residential & Mixed Use
Capital Realty closes multifamily sales in Middlesex, Essex counties

Apartment buildings in Perth Amboy and Orange have changed hands among private investors, under a set of newly announced transactions by Capital Realty Associates.

Retail
Café concept takes 1,900 sq. ft. at 34-unit Bijou project in Hoboken

A café operator has committed to its third location in Hudson County, leasing nearly 2,000 sq. ft. at Bijou Properties’ new 34-unit luxury rental building in uptown Hoboken.

Retail
Paramount, 7-Eleven debut new location at historic rehab project in Newark

Paramount Assets has inked another lease with 7-Eleven, bringing the convenience store chain to its new mixed-use William Flats project in downtown Newark.

Office
Investment group buys East Brunswick office tower for $38 million

American Equity Partners has paid $38 million to acquire a piece of the Tower Center office complex in East Brunswick, under a transaction arranged by CBRE.

Industrial
Colliers inks 112,000 sq. ft. extension at North Brunswick warehouse

A building and construction products distributor has extended its 112,000-square-foot lease in North Brunswick, brokers with Colliers International announced Monday.