NEWS

Commercial real estate is a hugely important sector of the state’s economy. It plays a role in the places we work, the places we shop and — in the case of renters — the places we live. The brokers who help buy and sell these properties are an unheralded and unsung part of our economic ecosystem. The first ROI-NJ list of New Jersey’s Leading CRE Brokers attempts to recognize those who do this important work….

An in-home care provider has taken some 1,800 square feet of office space in Newark, in a newly announced deal by Lee & Associates New Jersey. According to the brokerage team, the lease at 466-470 Bloomfield Ave. places CareFinders Total Care along a main retail corridor. It joins a Santander Bank branch at the 9,000-square-foot, two-story retail and office property, which sits on a half-acre and has 10 on-site parking spaces, with additional street parking…

  It’s so exciting to see so many promotions across our offices. Congratulations to everyone on advancing and thank you for all your continued hard work and dedication to the company! Interested in a career in brokerage? We are hiring! Apply here: https://lnkd.in/eRPY3b_D

In a panel discussion filled with candor, insight and humor, Bill Waxman managed to check every box in a single comment on the state of the industrial real estate market. “I can’t predict the future. I can tell you that we are busy, but I like to compare it to eating soup with a fork,” Waxman, a broker and vice chairman with Cushman & Wakefield, said Monday night, drawing a roar of laughter from the…

  PREVIEW FLIPBOOK HERE: March 2023 (flippingbook.com)

A private investor has purchased a 20,000-square-foot industrial building in Clifton, in a newly announced deal by Lee & Associates New Jersey. Josh Krantz, a senior vice president with the brokerage firm, represented Kessler-Schwartz Associates in its disposition of the property at 25 Styertowne Road, which is fully leased to Pereg Gourmet. The trade comes after he recently represented the seller, a multigeneration, multifamily ownership entity based in Wyckoff, in the sale of nearby buildings…

Lee & Associates New Jersey arranged two industrial transactions in Middlesex County, reflecting sustained dealmaking velocity in the regional marketplace, according to a Tuesday announcement. In Piscataway, BlackRock Realty Advisors acquired 330 S. Randolphville Road for $80 million. In South Plainfield, a logistics firm signed a 189,000-square-foot, full-building lease at 602 New Market Ave. Matthew Schnurr of the commercial real estate firm’s Capital Markets team represented BlackRock in its investment acquisition. The nearly 300,000-square-foot South Randolphville Road complex…

A former school building in Jamesburg that now houses more than 26,000 square feet of office space has traded for $4.4 million, in a deal arranged by Lee & Associates New Jersey. According to the firm, an undisclosed nonprofit purchased what’s known as Forsgate Commons at 241 Forsgate Drive. Lee & Associates New Jersey’s Beth Chezmar represented the seller of the 26,295-square-foot property, while Dan De Palma of North American Realty represented the purchaser. “The…

A new restaurant has opened its doors in Fairview after taking more than 1,700 square feet at a neighborhood shopping center, in a deal arranged by Lee & Associates New Jersey. The business, El Primo Mexican Restaurant, occupies space at 175 Broad Ave. under a lease with Vail Development LLC. Lee & Associates’ Josh Krantz represented both parties in the long-term, 1,737-square-foot lease, which brings the roughly 15,000-square-foot Valley Plaza Shopping Center to 100 percent…