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
Hudson County retail building trades for nearly $1.9 million

A private investor has acquired a 3,500-square foot net-leased retail property in West New York as part of a deal brokered by Marcus & Millichap’s northern New Jersey office.

Retail
The next step for Bell Works: With office space nearly full, retail takes center stage at landmark project

With at least 6,000 daily office workers set to occupy the building by next year, the effort to bring a distinctive mix of retailers, services and dining options to Bell Works is now well underway. That mix includes everything from a florist and a beauty salon to a 24-hour health club and an urgent care center, offerings that will serve both office tenants at the building and residents from the surrounding communities.

Office
HFF brokers sale of Route 22 office building

Investors have acquired a 95,620-square-foot office building in Somerset County that is fully leased to a national bank and a regional health care provider, according to HFF.

Industrial
CBRE marketing industrial properties in Bergen, Middlesex counties

Brokers with CBRE Group Inc. have been hired to market four separate industrial properties totaling more than 500,000 square feet in northern and central New Jersey.

Hospitality & Tourism
Silver Arch closes $30.4 million loan for hotel project

A private lender based in Hackensack has arranged more than $30 million in financing for a client to acquire and reposition a hotel on Manhattan’s West Side, the firm announced.

Office
C&W: Former Chubb HQ in Warren is ‘an unparalleled opportunity’ for office users

Cushman & Wakefield has been tapped to market the 535,000-square-foot former Chubb Insurance headquarters in Warren, now one of the largest blocks of available space in New Jersey.

Office
Brokers descend on The Green at Florham Park for open house (PHOTOS)

Many of the state’s top office brokers turned out last week for an up-close look at a sleek new flexible stay community in Florham Park and the site of a new corporate office building that could soon rise alongside it.

The Rundown
Report: Long-awaited residential tower coming to Bergen County

A new 13-story apartment and commercial building in Cliffside Park is slated to open its doors this summer after more than a decade of delays, according to a published report.

Industrial
WCRE: Fitness, ninja training coming to Mount Laurel flex building

The operator of an indoor fitness and recreation park will occupy half of a 26,000-square-foot flex building in Mount Laurel, following a lease brokered by Wolf Commercial Real Estate.

Health Care & Education
Devco, Rutgers unveil bronze Scarlet Knight statue in New Brunswick (VIDEO)

The popular mixed-use development in New Brunswick known as The Yard @ College Avenue just got a bit more popular thanks to its newest addition — an eight-foot-tall bronze statue of a Rutgers University Scarlet Knight.