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.

Retail
Jersey City tower adds coffee shop to retail mix

An area coffee shop chain is opening its next Jersey City location at Vantage, the 45-story luxury apartment tower in the city’s Liberty Harbor North neighborhood.

Residential & Mixed Use
SJP, local officials hail completion of second luxury tower in Fort Lee (SLIDESHOW)

A joint venture led by SJP Properties has formally unveiled its second 47-story apartment tower in Fort Lee, where local officials are hailing the project as a milestone decades in the making.

Office
Colliers inks 19,000 sq. ft. at new-look Florham Park complex

A joint venture is reaping the benefits of a plan to upgrade and add new amenities to a Florham Park office complex, where brokers have inked four new leases and a renewal.

Government & Public Policy
Lawmakers pass bill to create TOD office within NJ Transit

State lawmakers have approved a bill that would create an office of transit-oriented development within NJ Transit and require an annual inventory of the agency’s real estate holdings.

Office
JLL: Pharma tenant inks U.S. headquarters lease in Warren

A pharmaceutical firm is moving its U.S. headquarters to a newly renovated building in Warren, under a 14,280-square-foot lease announced Friday by JLL.

Office
Financial services firm leases 4,100 sq. ft. in Westmont, WCRE says

An office building in Camden County has reached full occupancy, following a 4,123-square-foot lease arranged by Wolf Commercial Real Estate.

Retail
Howell restaurant fetches $3.1 million in 1031 exchange, Marcus says

An investor has acquired a 7,100-square-foot, net leased restaurant property in Howell for $3.1 million, brokers with Marcus & Millichap announced Friday.

Health Care & Education
Newark medical office building sells for $4.25 million

A newly renovated, 37,500-square-foot medical office building in Newark’s Ironbound section has changed hands for $4.25 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Planned Cos. wins NJAA maintenance competition, represents state at national event

A maintenance technician with Planned Cos. took home the gold at a recent competition hosted by the New Jersey Apartment Association, earning him a visit to a national event in San Diego.

Residential & Mixed Use
SLIDESHOW: SJP unveils The Modern phase two

SJP Properties, Northwestern Mutual Life Insurance Co. and PGIM Real Estate recently hosted a ribbon-cutting ceremony at phase two of The Modern, a 900-unit luxury residential project at the base of the George Washington Bridge in Fort Lee.