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.

Industrial
Ridgecut Road expands IOS holdings with $37 million deal in South Plainfield

Ridgecut Road has acquired a nearly eight-acre industrial outdoor storage property in South Plainfield, in a $37 million deal arranged by NAI James E. Hanson.

Events
NAIOP New Jersey unveils three Deal of the Year winners, plus finalists for office category

NAIOP New Jersey has announced three Deal of the Year winners ahead of its popular spring gala, with plans to reveal a fourth to the hundreds who will be on hand for the May 14 event.

Residential & Mixed Use
ICON closes $7.5 million sale of 58-unit Newark apartment building

An investor has sold a 58-unit apartment building in Newark’s Weequahic section for $7.5 million, brokers with ICON Real Estate Advisors announced Monday.

Health Care
Kushner, KABR eye new-look health care hub at Journal Square building with Clinical Group as its leasing team

Kushner and KABR Group have picked The Clinical Group as their leasing team for a well-known 111,000-square-foot office building in the heart of Jersey City’s Journal Square district.

Retail
Azarian: Stretch Zone leases 1,500 sq. ft. to expand fitness lineup at Livingston Town Center

A new fitness user is coming to Livingston Town Center after taking more than 1,500 square feet at the two-story shopping center, according to a leasing team with Azarian Realty Co.

Office
New Jersey office market gains traction in Q1 amid Class A leasing, shrinking supply

Demand for high-end office space in New Jersey is going strong, providing added momentum as developers continue to raze obsolete buildings to make way for higher and better uses.

Professional Services
Babineau named senior counsel, special projects, in new role with Wilentz

Esteemed real estate and redevelopment attorney Anne Babineau has a new role with Wilentz Goldman & Spitzer PA, one that will allow her to bring her expertise to a select group of clients and projects where the impact will be the greatest.

Industrial
Eight-acre low-coverage industrial site in Somerville trades for $14.8 million, BCREG says

Private investors have acquired an eight-acre low-coverage industrial property in Somerville for nearly $14.8 million, in a deal arranged by The Boniakowski Commercial Real Estate Group.

Professional Services
Newmark Associates bolsters brokerage team, adds Papasso as senior vice president

Newmark Associates has welcomed veteran broker Fred Papasso as a senior vice president and member of its leadership team.

Office
CPN: Longtime Pilates studio among several new tenants at new-look Hopewell office building

The owner of an updated commercial building in Hopewell has secured several new leases, in a series of transactions arranged by Commercial Property Network Inc.