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
Watchung shopping center welcomes beauty supply store

A beauty supply retailer has opened a new store inside the Blue Star Shopping Center in Watchung, Levin Management Corp. announced.

Industrial
New tenant joins Delran flex building, WCRE says

Wolf Commercial Real Estate has brokered a nearly 8,000-square-foot lease at a flex space in Delran, the firm announced Friday.

Residential & Mixed Use
With condo project, FEM hopes to bring South Beach to the Jersey Shore

South Beach at Long Branch is more than a year away from opening, but it has already helped fuel new momentum in one of the city’s key redevelopment zones.

Office
C&W brokers $20M sale of Lyndhurst office building

The owner of a Lyndhurst office building has sold it for $20 million, following its acquisition of the property in 2013 and an effort to bring it to nearly full occupancy.

Industrial
NAI Hanson inks 70K sq. ft. industrial lease in Hackettstown

A warehousing and distribution firm has renewed its lease in Hackettstown amid plans to grow its third-party logistics business, brokers with NAI James E. Hanson said.

Residential & Mixed Use
Syndication group finds first deals in Essex, Bergen counties

The newly formed syndication arm of an area real estate firm has made its first two deals, closing on vacant office buildings in Newark and Hackensack that it now plans to reposition.

Industrial
Pool company commits to Heller-owned space in Edison

A pool installer has leased more than 90,000 square feet of industrial space in Edison, Bussel Realty Corp. announced Wednesday.

Finance & Capital Markets
East Orange landlord taps crowdfunding site to reach new investors

A real estate crowdfunding platform has made its first foray into New Jersey with an apartment building in East Orange, where an owner is seeking to recapitalize the property and tap into the demand for rental housing just outside New York City.

Office
NGKF: Northern, central N.J. office market slowed in Q4

The state’s office market took a step back in the fourth quarter of 2016, according to new industry research, as leasing activity slowed and several large blocks of space hit the market.

Office
Biotech inks new lease at Advance’s Bridgewater campus

A biotechnology firm has expanded its footprint at the New Jersey Center of Excellence, Advance Realty’s sprawling commercial and soon-to-be mixed-use campus in Bridgewater.