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.

Office
Sanzari, Cole Schotz ink 62,000 sq. ft. renewal for law firm’s longtime home in Hackensack

Alfred Sanzari Enterprises has signed a nearly 62,000-square-foot lease renewal with Cole Schotz PC, a longtime tenant at its Court Plaza complex in Hackensack.

Industrial
Sitex Group touts 350,000 sq. ft. in Q3 leasing volume, its most ever for a single quarter

Sitex Group is marking its largest quarterly leasing total in its 23-year history, touting a stretch in which it secured tenants for nearly 350,000 square feet of industrial space.

Industrial
Woodmont signs full-building, 30,000 sq. ft. lease at new-look Lyndhurst warehouse

Woodmont Industrial Partners has secured a tenant for more than 30,000 square feet at a newly updated industrial property in the Meadowlands.

Office
Bell Works nearly fully leased after 75,000 sq. ft. in new tenant deals, extensions

The landmark Bell Works campus in Holmdel is now 98 percent occupied after more than 20 new commitments and lease extensions by office tenants in recent months.

Professional Services
SOSH, design firm behind iconic Atlantic City gaming properties, joins WATG

A global design firm has acquired SOSH Architects, the practice behind scores of well-known casino and hospitality properties in Atlantic City and elsewhere during its 45 years in business.

Industrial
Longpoint fund buys 30,000 sq. ft. Fairfield warehouse from Sitex

A fund operated by Longpoint Partners has acquired a more than 30,000-square-foot industrial building in Fairfield, the Boston-based firm announced last week.

Industrial
Construction firm takes 7,500 sq. ft. in Roselle industrial deal, BRC says

A general contractor has leased 7,500 square feet at a Roselle industrial building, in a newly announced deal by Bussel Realty Corp.

Retail
Urban Edge welcomes Ugly Dumpling at 180,000 sq. ft. retail center in Morris Plains

A new dumpling restaurant has opened at a Morris Plains shopping center, where it occupies more than 5,600 square feet under a lease with Urban Edge Properties.

Finance & Capital Markets
Wilcox: Lakhani, Saxum ink $19.2 million refi of Pennsylvania warehouse portfolio

A joint venture has secured $19.15 million to refinance some 221,000 square feet of industrial space in northeast Pennsylvania, according to a debt placement team with G.S. Wilcox & Co.

Office
Finding a balance: For Reynolds, right-sizing office space has been key to Lawrence Township redevelopment plan

The planned redevelopment of Princeton Pike Office Park in Lawrence Township will feature the mixed-use elements that are increasingly popular in New Jersey. But, departing from the trend, it will keep half its office space.

Three buildings at 3131 Princeton Pike, now known as CANVAS, will be demolished starting this fall or in early 2025, making way for 204 apartments and 17,000 square feet of restaurant and retail space. That will reduce the office space at the park by nearly 40 percent, to about 167,000 square feet, leaving three buildings that are now thriving and nearly fully leased after a recent makeover.