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.

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.

Office
Mack-Cali, Whole Foods complete deals for new store and Northeast HQ in Jersey City

Mack-Cali Realty Corp. has completed a set of leases with Whole Foods Market that will allow the grocer to open both a retail location and its new Northeast headquarters within the developer’s flagship Harborside complex in Jersey City.

Office
Sanzari, law firm ink third expansion in 10 years in Hackensack

A law firm is expanding for the second time within Court Plaza, Alfred Sanzari Enterprises’ three-building, 335,000-square-foot office complex in Hackensack.

Office
Counseling service leases 600 sq. ft. in Chester, NAI Hanson says

A counseling service has taken 600 square feet at a Morris County office building, under a newly announced transaction by NAI James E. Hanson.

Government & Public Policy
New state law for public-private projects is an opportunity for design, construction firms

A new state law could be a game-changer for municipalities, school districts and other government entities, allowing them to tap into private capital for new facilities or infrastructure. It could also be transformative for New Jersey’s design and construction industry.

Retail
Westfield Garden State Plaza reveals plans for sweeping mixed-use makeover

The owner of the Westfield Garden State Plaza in Paramus has unveiled plans for a new mixed-use town center, one that will include new residential development and commercial and park space at what is already one of the nation’s top-performing malls.

Office
Prism eyes new 400,000 sq. ft. complex as ON3’s first ground-up office project

Prism Capital Partners is crafting plans for the first ground-up office project at its ON3 campus, hiring an architectural firm to design a new two-building complex on the Clifton side of the property.

Professional Services
Veteran developer attorney joins CSG real estate group

The longtime general counsel of an area development firm has joined Chiesa Shahinian & Giantomasi PC.