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.

Technology

SJP breaks ground on 370,000 sq. ft. research, office building for Nokia Bell Labs at New Brunswick’s HELIX campus

SJP Properties has started construction on the 10-story, 370,000-square-foot research and office tower in downtown New Brunswick that will house Nokia Bell Labs and mark the second phase of the master-planned Health + Life Science Exchange district.

Industrial

CenterPoint adds 388,000 sq. ft. at Exit 12 with two-building industrial deal in Avenel

CenterPoint Properties has acquired two industrial buildings in the Avenel section of Woodbridge, adding nearly 388,000 square feet to its portfolio in the region.

Residential & Mixed Use

Viking Residential debuts 304-unit luxury rental project in Lumberton

Viking Residential has unveiled more than 300 new apartments in Lumberton, part of a long-awaited project that includes market-rate and affordable homes across a range of product types.

Retail

FNRP adds 41,000 sq. ft. retail center in Gloucester Township

First National Realty Partners has acquired a nearly 41,000-square-foot shopping center in suburban Camden County, the Red Bank-based firm announced this week.

Professional Services

Cervelli promotes Negron to director of property management

Cervelli Real Estate & Property Management has promoted Veronica Negron to director of property management, the North Bergen-based firm announced last week.

Zimmel named leasing agent for Somerset, Ewing commercial properties

The owner of 235,000 square feet of commercial space in Somerset and Mercer counties has tapped Zimmel Associates as its leasing team for the properties.

Finance & Capital Markets

Newmark: Kushner lands $515 million refi for first phase of ‘The Journal’ in Jersey City

Kushner has secured a $515 million loan from Blackstone for the 966-unit first phase of The Journal, its high-profile multifamily project in Jersey City’s booming Journal Square district.

Residential & Mixed Use

Family sells 156-unit Somerville, New Brunswick portfolio after six decades, Berkadia says

The family owners of a combined 156 apartments in Somerville and New Brunswick have sold the portfolio in separate transactions, brokers with Berkadia announced.

People

Saxum’s Lubrano rises to vice president of acquisitions in firm’s fourth promotion of 2025

Saxum Real Estate has promoted Chris Lubrano to vice president of acquisitions, citing his role in the growth of the firm’s residential platform.

Retail

Electric vehicle dealer takes 6,900 sq. ft. on Route 10 in East Hanover, CBRE says

An auto dealership focused on luxury electric vehicles has leased nearly 6,900 square feet of highway retail space in East Hanover, in a newly announced deal by CBRE.