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.

Health Care
Sanzari: Hackensack Meridian Health adds 8,100 sq. ft. at Hackensack medical arts building

Alfred Sanzari Enterprises has leased more than 8,100 square feet in Hackensack to a division of Hackensack Meridian Health, bringing a well-known medical office building to full occupancy.

Food & Beverage
Advance, Episcope Hospitality partner to bring new upscale café and restaurant to Harrison

A new restaurant and café are coming to Harrison’s Riverbend District, the growing mixed-use neighborhood developed in recent years by Advance Realty Investors.

Office
Vantage Commercial: Investor buys, inks new lease at Gloucester County office building

A private investor has acquired a more than 13,000-square-foot office building in Gloucester County, in a newly announced deal by Vantage Commercial.

Office
JLL: Blackrock signs early renewal, extends for 176,000 sq. ft. at Princeton office space

Blackrock has signed a major lease extension at a Princeton-area office building, where it will maintain a footprint of 176,000 square feet under the new deal with Argent Ventures.

Residential & Mixed Use
Owner of 1,032-unit Plainsboro rental property seeking buyer for 52-acre complex

A massive garden apartment complex in Plainsboro is on the market for sale, according to brokers with JLL, with the potential to draw offers of more than $300 million.

Finance & Capital Markets
Brennan recapitalizes 1 million sq. ft. industrial portfolio in Moorestown

Brennan Investment Group has recapitalized a 20-building, 1 million-square-foot portfolio of shallow-bay industrial space in Moorestown.

Residential & Mixed Use
Kislak closes sale of Perth Amboy’s Remington Rooming House for $2.4 million

The Perth Amboy YMCA has acquired a mixed-use rooming house property in Perth Amboy for $2.4 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Walters: First renters arrive at new 63-unit affordable housing property in Chatham Twp.

Walters has welcomed the first residents at a new 63-unit, income-restricted multifamily property in Chatham Township after completing the development late last year.

Retail
LMC: McDonald’s opens new 4,500 sq. ft. location at Somerset’s Rutgers Plaza

A new McDonald’s has arrived at a Franklin Township shopping center, following a 4,500-square-foot lease announced last fall and the repurposing of an existing pad site.

Food & Beverage
Stone Creek completes construction at Mabel, Bell Works’ first full-service eatery (SLIDESHOW)

The landmark Bell Works complex in Holmdel has welcomed its first full-service restaurant with the help of Stone Creek Construction Group, the project’s general contractor.