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.

Health Care
Johnson & Johnson takes naming rights, expands ties to key incubator space at New Brunswick’s HELIX project

Johnson & Johnson is lending its name to what will be an iconic new public space and a key piece of the emerging HELIX campus in its hometown of New Brunswick.

Technology
AI startup Osmo unveils Elizabeth manufacturing space, headquarters for pioneering ‘digital scent design’ technology

A startup has opened its new headquarters and production site in Elizabeth, where it will hone a technology that uses artificial intelligence to create and detect smells.

Food & Beverage
Panepinto inks retail lease at new Journal Square tower to bring global ramen concept to Jersey City (and East Coast)

An acclaimed ramen brand with a global footprint is coming to Jersey City with a new ground-floor restaurant at 505 Summit, a gleaming luxury apartment tower by Panepinto Properties.

Finance & Capital Markets
CBRE: Sterling Organization scores $18 million loan for Perth Amboy retail center

The owner of a grocery-anchored retail center in Perth Amboy has secured more than $18.4 million in financing for the property, brokers with CBRE announced Monday.

Finance & Capital Markets
Owner of 500,000 sq. ft. Middlesex industrial building lands $50 million B-note, Wilcox says

A big-box warehouse owner in Middlesex County has secured a $50 million loan for the property, in a newly announced deal by G.S. Wilcox & Co.

Retail
Goldstein Group: Ex-pharmacy space in Maplewood sold, slated to become restaurant

A restauranteur has found space in Maplewood after acquiring a vacant retail property on Springfield Avenue, according to a listing team with The Goldstein Group.

Residential & Mixed Use
JLL lists Bloomfield apartment towers for sale, offering 356 units with renovation upside

For investors seeking a property that’s “primed for a full renovation” with value-add potential, a two-building, 356-unit apartment complex is now on the market for sale in Bloomfield.

Residential & Mixed Use
Taylor: East Orange planning board approves redesigned, 100-unit rental project with rooftop amenity spaces

Officials in East Orange have granted a key change to what’s now a 100-unit multifamily project, creating what its design team said is a more refined and resident-focused set of amenities.

Professional Services
Construction underway for new 48,000 sq. ft. church in Paramus, REDCOM says

REDCOM Design & Construction has broken ground in Paramus on what will be a 48,000-square-foot church building for a growing congregation.

Retail
Azarian: Workwear clothing shop secures third location with 2,400 sq. ft. lease in Woodbridge

A specialty clothing store is expanding to Woodbridge after leasing 2,400 square feet at a highway commercial property, according to a leasing team with Azarian Realty Co.