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.

Residential & Mixed Use
Developer adds 377 luxury rentals to Jersey City redevelopment area

Manhattan Building Co. has unveiled the latest piece of a large redevelopment area in Jersey City, opening the doors to a 377-unit complex known as SoHo Lofts.

Office
Avison Young unveils second N.J. office in Metropark (SLIDESHOW)

Real estate services firm Avison Young has opened its new office in the Metropark section of Woodbridge, its second location in New Jersey since entering the market in 2012.

Office
NAI Hanson brokers 3,200 sq. ft. lease for aircraft upholstery business

A firm that repairs aircraft upholstery is relocating to a flex office building in Saddle Brook, following a 3,200-square-foot lease brokered by NAI James E. Hanson.

Retail
Pierson: Fast casual pizza concept adds two N.J. locations

Fast casual chain Blaze Pizza has expanded its footprint with the addition of two new stores in Somerset and Essex counties, according to a broker with Pierson Commercial.

Office
SJP, Mack-Cali reveal design for high-tech, 1.2 million sq. ft. office tower in Jersey City

SJP Properties and Mack-Cali Realty Corp. have unveiled the new design for their planned 1.2 million-square-foot office tower in Jersey City, touting it as “a new archetype” for the modern workplace and what will be the state’s most technologically advanced commercial building.

Finance & Capital Markets
Meridian brokers $50 million loan for Woodbridge rental project

The developer of a mixed-use, 232-unit apartment project in Woodbridge has secured a $50 million construction loan under a transaction brokered by Meridian Capital Group.

Office
Colliers: Financial services firm recommits to Morristown

A financial services firm has renewed the lease at its longtime home in Headquarters Plaza in Morristown, where it occupies 33,000 square feet across two full floors.

Retail
Five retailers ink new leases in Hoboken, Ripco says

Cosmetics chain Sephora has leased 2,450 square feet for what will be its first store in Hoboken, one of five new retail deals in the city announced this week by Ripco Real Estate.

Industrial
Team Resources touts industrial deals with logistics firm, toy maker

A freight forwarding company has leased 38,000 square feet in Saddle Brook, one of three recent industrial deals brokered by Team Resources Inc.

Current Issue
All in on Jersey City: Pasternak discusses KABR’s diverse pipeline and moving forward in Journal Square

Ken Pasternak is chairman of the KABR Group, a real estate development and investment firm based in Ridgefield Park. — Courtesy: KABR Group By Joshua Burd It doesn’t have quite the cachet of a new luxury high-rise near the Hudson…