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.

Professional Services
Veteran retail broker joins CBRE in Saddle Brook

CBRE has added a longtime retail specialist as one of its newest brokers in New Jersey.

Office
Marketing firm takes 25,000 sq. ft. in Florham Park, Avison Young says

A marketing firm is set to relocate its New Jersey office within Morris County as part of a 25,000-square-foot lease announced Tuesday by brokers with Avison Young.

Retail
New indoor skydiving center nearing completion in Paramus

This spring, an indoor skydiving company is set to complete construction of its first New Jersey location, offering customers timed packages of flight time that mimics the feeling of free-fall skydiving, but safely indoors in an air-conditioned environment. The new location at 211 Route 4 will be among more than 60 in 14 countries for the operator, iFLY Indoor Skydiving.

Retail
New owner plans to reposition former Kmart center in East Brunswick

A developer has acquired a former Kmart-anchored retail complex in East Brunswick, with plans to reposition the 150,000-square-foot property through a potentially mixed-use project.

Retail
Ironbound bank building reborn as home of 7-Eleven, fitness chain

A well-known bank building in Newark has found new life as the future home of a 7-Eleven and a growing fitness chain, following a series of renovations by a real estate investment firm.

Top News
New hotel project will be a welcome, high-profile addition to Sanzari campus in Teaneck

A new dual-branded hotel will be the latest piece of Alfred Sanzari Enterprises’ mixed-use Glenpointe complex in Teaneck, creating a new offering for the business campus while tapping into the demand for new hotel rooms outside Manhattan.

Office
Woodmont, CBRE debut upgrades at Princeton-area office building (SLIDESHOW)

Woodmont Properties has completed an $11 million renovation at a West Windsor office building, where brokers with CBRE are marketing nearly 35,000 square feet.

Industrial
Longtime NAI Hanson client sells Elmwood Park flex building

A recently upgraded, 15,700-square-foot flex industrial building has changed hands in Elmwood Park, following a sale arranged late last year by NAI James E. Hanson.

Professional Services
Medical, fitness deals among recent leases by Sitar

A medical practice has leased more than 6,000 square feet in Little Silver, in one of nearly two dozen transactions announced recently by Sitar Realty Co.

Office
With a deep bench, SJP is seizing new opportunities as a third-party developer and partner

With an in-house, full-service construction team — an asset that is increasingly rare among developers — SJP Properties is being both aggressive and creative in keeping its pipeline full in New Jersey. That means everything from third-party development work to joint ventures and acquisitions that could pave the way for new projects.