Parsippany, NJ / Orange County NY, – During the most-recent six-week timeframe, Resource Realty of Northern New Jersey (Resource Realty) is reporting eight transactions for a combined 399,744 SF. In total, the Parsippany-based firm spearheaded three industrial leases and two office leases, as well as sales involving one office, one mixed-use and one retail property, across Northern and Central Jersey as well as Orange County, N.Y.

“Our latest transaction volume is a direct reflection of the state of the market,” said Tom Consiglio, SIOR, principal and founder of Resource Realty of Northern New Jersey. “Today’s industrial users are now able to compete for prime warehouse/logistics space along the most-in-demand corridors throughout New Jersey and southern New York State; general/medical-office occupiers are seeking well-located, easily accessible suburban office space; and for-sale neighborhood retail centers with a strong lifestyle tenant base are garnering on-going investment interest.”

One example of this trend is the sale of 444 Route 46 in Fairfield, N.J., where Principal Greg Sabato and Consiglio sold a retail, warehouse and showroom building for over $4M to a local investor.

In terms of geography, Resource Realty’s latest leasing and sales activity focused on Middlesex County (3,000-SF retail-building sale), Basking Ridge and Wayne (two office leases for a combined 5,300+ SF) and three industrial leases across New Jersey’s Morris and Bergen counties and Orange County, N.Y.

“Industrial product continues to record the lion’s share of leasing and sales activity, even though demand has slowed over the past two years,” added Consiglio. “Not to be overlooked are the suburban office and retail sectors, which have strengthened their footing and will continue to do so as both fill a need within the community, particularly when it comes to medical/health/wellness tenancy.”

Resource Realty, which specializes in dispositions, acquisitions and leasing of industrial/warehouse, office and retail properties as well as land development, is one of three offices in the state focusing on a specific New Jersey Metro – North, Central and South Jersey. Each office is independently owned and operated, with the North Jersey branch led by Consiglio since being established in 1990.

Based in Morris County, N.J. and ranked among New Jersey’s award-winning commercial real estate brokerage firms, Resource Realty is a world-class provider of commercial real estate solutions delivered with the personalized attention and autonomy of a boutique firm. Custom services include sales and leasing, landlord and tenant representation, corporate advisory and consulting, and investment property acquisitions.