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
Old Navy, Ulta among new tenants for NRDC in New Jersey

National Realty & Development Corp. is set to welcome four new tenants to its New Jersey portfolio, following more than 50,000 square feet in recent leases announced by the firm.

Current Issue
Capodagli is adding to its fast-growing portfolio with new residential, hospitality projects

With nearly 1,000 apartments under construction and some 2,000 more in its pipeline, Capodagli Property Co. is preparing for the next phase of its growth by launching a new hospitality platform that will bring cafés and restaurants to its future developments.

Office
Ramsey office park fetches $10.8 million, C&W says

A private owner has sold an 11-building, 78,000-square-foot office park in Ramsey, in a sale arranged by brokers with Cushman & Wakefield.

Office
Paramount acquires 51,000 sq. ft. Newark property

Paramount Assets has added to its Newark portfolio with the acquisition of more than 50,000 square feet of commercial space in the city’s University’s Heights section.

Retail
National fitness studio chain joins Bell Works retail

A boutique fitness studio has joined the tenant mix at Bell Works in Holmdel, leasing more than 2,000 square feet within the complex’s indoor pedestrian plaza.

Office
WCRE: Nonprofit taking 2,450 sq. ft. in downtown Haddonfield

A nonprofit has leased 2,450 square feet at a Haddonfield office building, under a transaction brokered by Wolf Commercial Real Estate.

Residential & Mixed Use
In Hackensack, a proving ground for Cap Hospitality

In crafting the design of the new Cap Diner, Nicolas Geeraerts said he wanted to “bring a little bit” of New York and Brooklyn, while also staying true to New Jersey. He also aims to create a younger, millennial vibe that is also going to attract families. The overall objective is to create a place “that is approachable, pricewise, for everybody (and) … where a community can get together without one person being better than the next,” said Geeraerts, who oversaw the development of a high-end food hall above New York Penn Station.

Industrial
C&W: Clutter.com, logistics firm among top Q2 deals in tight N.J. industrial market

Industrial tenants leased about 5.5 million square feet in northern and central New Jersey during the second quarter, a new report finds, as vacancy continues to drop to historic lows.

Professional Services
Real estate attorney joins GH&C

Giordano, Halleran & Ciesla P.C. has added to its real estate practice with one of its most recent hires.

Retail
RKF: Chipotle inks new locations in Hudson, Somerset counties

Chipotle has committed to new locations in Jersey City and Bernardsville, following the completion of leases arranged by RKF.