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
Blau & Berg: Startup takes 42,000 sq. ft. in Harrison for fusion energy research facility

A clean energy startup is expanding to Harrison with a new lease for nearly 42,000 square feet of industrial space, brokers with The Blau & Berg Co. announced Tuesday.

Residential & Mixed Use
New 10-unit luxury rental building in Westfield fetches $4.8 million, Kislak says

A private investor has purchased a 10-unit luxury apartment building in downtown Westfield for $4.8 million, in a newly announced deal by The Kislak Co. Inc.

Professional Services
CB Construction Management leads major refresh of Hackettstown senior housing

CB Construction Management has completed a multiphase interior renovation of Riverwalk Village, a 118-unit senior living community in Hackettstown.

Professional Services
R&J promotes Dreisbach, Cheng as Serian joins as digital media and content manager

R&J Strategic Communications has promoted Jeremy Dreisbach and Dexter Cheng, announcing the moves alongside the hiring of Andrew Serian to support its growing digital media team.

Office
C&W: Rare coins dealer, hair care brand ink office leases at 601W’s Harborside in Jersey City

Two companies are moving to the new-look Harborside campus in Jersey City, combining for nearly 11,000 square feet in leasing activity with landlord 601W Cos.

Finance & Capital Markets
CBRE: Developer lands $31 million permanent loan for 115-unit Montgomery rental project

The developer of a new 115-unit luxury rental community in Somerset County has closed on $31 million in permanent financing, according to brokers with CBRE.

Industrial
JLL lists 278,000 sq. ft. ‘headquarters-style’ industrial building in Wall Twp. for sale or lease

The owner of a nearly 278,000-square-foot industrial building in Monmouth County has tapped JLL to secure a buyer or tenant for the property.

Industrial
Morvay breaking ground on Robbinsville, Hamilton flex industrial projects, Zimmel says

Morvay Partners is moving ahead with two ground-up flex industrial projects in Mercer County, with plans to deliver both by year-end as it markets the spaces to prospective tenants.

Food & Beverage
Landmark New Brunswick eatery, food hall to anchor HELIX hospitality district

A beloved bar and restaurant in New Brunswick is moving to the city’s HELIX campus, where it will join a new food hall to anchor the project’s food and beverage offerings.

Retail
LMC: Target opens at West Orange Plaza to continue retail center’s transformation

A long-awaited Target store has arrived in West Orange, marking a milestone in the high-profile update and expansion of a busy shopping center off Interstate 280.