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.

Hospitality & Tourism
N.J. Hall of Fame finds permanent home at American Dream

The nonprofit New Jersey Hall of Fame has found a permanent home at what will become the sprawling American Dream retail and entertainment complex in East Rutherford.

Industrial
Silverman acquires 41,000 sq. ft. Somerset building, JLL says

The Silverman Group has acquired a 41,000-square-foot warehouse and office building in the Somerset section of Franklin, in a $3.6 million deal arranged by JLL.

Professional Services
New Jersey brokers to co-lead new Avison Young life sciences group

Avison Young has launched a new international practice focused on life sciences, tapping two of its New Jersey-based brokers as co-leaders of the specialty group.

Retail
Colliers: Fitness concept inks 6,100 sq. ft. in Journal Square

A fitness operator has leased 6,100 square feet in the Journal Square section of Jersey City, Colliers International announced, marking the concept’s second location in the city.

Residential & Mixed Use
Woodmont announces open house for Washington Township community

Woodmont Properties is set to open the doors to a new 260-unit, luxury residential development in Gloucester County, where it has completed the lease-up of its first phase.

Sponsored Content
Transit hub markets speed away from competition

Office buildings within the state’s transit hub market record lower vacancy rates and higher rents compared to suburban spaces, according to JLL’s annual research report. Companies continue to pursue office space in proximity to walkable amenity-rich areas and with access to mass-transit options for their workforces and clients.

Office
Mack-Cali sells two more office buildings in Hamilton, NKF says

Mack-Cali Realty Corp. has sold two triple-net-leased office properties in Hamilton, in a pair of deals announced Tuesday by Newmark Knight Frank.

Industrial
CBRE: New Jersey workforce grows amid rising industrial, logistics demand

New Jersey’s transportation and warehousing workforce is on the rise, putting the state in position to remain attractive to the ever-growing e-commerce and logistics sectors.

Health Care & Education
National senior living operator acquires 299-unit community in Bridgewater

One the nation’s largest senior living companies has acquired a community in Bridgewater, where it’s now planning a rebrand and millions of dollars in new investment.

Retail
NAI Hanson: Furniture store leases 12,000 sq. ft. in Parsippany

A furniture retailer is set to open a new 12,000-square-foot store and showroom along Route 46 in Parsippany, following a deal arranged by brokers with NAI James E. Hanson.