Office
Matawan office building trades for $19.75 million, CBRE says

A partnership led by Denholtz Associates has sold a nearly 134,000-square-foot office building in Matawan for $19.75 million, according to brokers with CBRE who completed the deal.

Office
C&W: Upgraded Morristown building inks five leases

A nearly 85,000-square-foot lease by a global pharmaceutical firm is among several recent deals at a Morristown office building, where ownership has unveiled $7 million in upgrades.

Industrial
Profeta acquires Sherwin-Williams distribution center in Florida

Paul V. Profeta & Associates has expanded its out-of-state portfolio with the acquisition of a 362,000-square-foot, triple-net-leased industrial complex in Central Florida.

Office
Blau & Berg: Tenants ink 23,000 sq. ft. at Short Hills office building

The Blau & Berg Co. is touting strong activity at a Short Hills office building, where it completed five leases for nearly 23,000 square feet during the second quarter.

Office
KBS touts new leases, expansions at Woodbridge office complex

Eight tenants have combined for more than 60,000 square feet in leasing activity at a six-building, 629,000-square-foot office complex along Route 1 in Woodbridge

Office
C&W: Somerset office building inks new lease, expansion

Two technology firms have signed leases at a two-building, 208,000-square-foot office complex in the Somerset section of Franklin, including a new commitment and an expansion.

Retail
CBRE touts deals with apparel, Pilates tenants at Somerset Co. retail center

A clothing and home décor chain and a boutique Pilates studio are set to join the roster at a 218,000-square-foot retail center in Bound Brook, brokers with CBRE said Tuesday.

Editor’s Note
Redrawing the map for industrial

As you’ll find out in this month’s cover story, developers and brokers that have long focused on New Jersey are now stretching beyond the traditional boundaries of the state’s industrial market. And they are stretching them in every direction — for different reasons — in their quest to keep pace with tenants that are adopting a more regional approach.

Industrial
Edison warehouse draws 57,000 sq. ft. freezer lease, CBRE says

A frozen foods company has joined the roster at an Edison industrial building after signing a lease for nearly 57,000 square feet, brokers with CBRE announced Thursday.

Government & Public Policy
Incentive program enters final year, drawing concern from CRE sector

With the Grow New Jersey program set to expire in less than a year, the prospect of losing the incentive is already weighing heavily on the state’s commercial real estate market.