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
New fitness center anchors mixed-use redevelopment in East Orange

A real estate investment firm is marking the debut of a 16,400-square-foot health club in East Orange, a major step forward in a plan to reposition the once-vacant commercial property.

Health Care & Education
Pediatric urgent care commits to new space in Pompton Plains, Jeffery says

A pediatric urgent care chain has leased more than 6,400 square feet in Pompton Plains, backfilling the space of a former mattress store on Route 23.

Retail
Azarian touts new leases within central, northern N.J. portfolio

The Azarian Group LLC has leased more than 9,000 square feet at a high-end retail center in North Brunswick, part of what the firm says was a banner year across its portfolio.

Residential & Mixed Use
Hudson County apartment sales total $8 million

Investors have paid a combined $8 million for 60 apartments in Hudson County, in a set of transactions arranged by Redwood Realty Advisors.

Professional Services
CBRE names new executive VP in New Jersey

CBRE has promoted one of its well-known brokers in New Jersey for the second time in less than a year.

Industrial
NAI Hanson brokers 25,000 sq. ft. lease for vitamin maker

A vitamin manufacturer has leased more than 25,000 square feet of industrial space in Carlstadt, under a newly announced deal brokered by NAI James E. Hanson.

Professional Services
GZA adds N.J.-based dam engineering practice

A geotechnical and environmental consulting firm has made its latest acquisition in New Jersey, a Sussex County-based practice focused on dam engineering.

Industrial
Logistics firm inks 254,000 sq. ft. industrial lease in Piscataway

A third-party logistics company has committed to a major expansion with a newly signed lease at a Piscataway industrial building, brokers with Colliers International said.

Finance & Capital Markets
Progress Capital brokers $6.5 million loan for Toms River office, retail project

Plans for a 40,000-square-foot commercial project in Toms River are moving forward with the help of a $6.5 million construction loan arranged by Progress Capital Advisors.

Policy Page
Labor constraints driving investment decisions

The shortage of labor with the right skillset and talent is being felt across all sectors and is much more pronounced in some parts of our state. Building owners, businesses, communities and government officials — all of whom are in the real estate business, need to take steps to attract the younger generations who are today’s and tomorrow’s consumers and workforce.