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 & Education
Nonprofit vaccine developer takes 30,000 sq. ft. at Jersey City life sciences building, CBRE says

Thor Equities Group has signed a new deal at its life sciences building in Jersey City, leasing nearly 30,000 square feet of lab-ready space to a nonprofit biotechnology organization.

Deals
Resource Realty details eight new leases, sales spanning 400,000 sq. ft.

Resource Realty of Northern New Jersey has announced a flurry of recent deals, completing eight lease and sale transactions spanning nearly 400,000 square feet of commercial space.

Retail
Pine Brook Plaza fully leased after 900 sq. ft. deal with poke bowl shop, Azarian says

A Hawaiian poke bowl restaurant has leased 900 square feet in the Pine Brook section of Montville, in a recent deal arranged by Azarian Realty Co.

Office
Newmark: Abra Health inks 25,000 sq. ft. sublease at Vitamin Shoppe HQ in Secaucus

A growing family of health practices has taken nearly 25,000 square feet of office space in Secaucus, where it’s backfilling part of The Vitamin Shoppe’s corporate headquarters.

Top News
Norcross, codefendants plead not guilty in racketeering case tied to Camden waterfront

South Jersey political boss George Norcross pleaded not guilty on Tuesday to racketeering and other charges in a high-profile case brought by the state, with prosecutors alleging he and others unlawfully secured lucrative tax credits and property in Camden for their personal gain.

Industrial
Blau & Berg: Warehousing, distribution user acquires 12,000 sq. ft. Newark industrial building

The longtime owners of a 12,000-square-foot industrial building in Newark have sold the facility, according to a brokerage team with The Blau & Berg Co.

Retail
NAI Hanson: Shed, gazebo supplier buys neighboring commercial property in Hackettstown

A supplier of sheds, pool houses and other products has acquired more than 11,000 square feet of retail and industrial space in Hackettstown, brokers with NAI James E. Hanson announced.

Residential & Mixed Use
First phase of Citizen Bayonne rental project more than 90 percent leased

A new 252-unit apartment building in Bayonne is approaching full occupancy, in another sign of strength for the fast-growing residential district along the city’s waterfront.

Industrial
Larken eyes Q4 delivery for new 50,000 sq. ft. flex industrial project in Flemington

Larken Associates has broken ground on a project that will add 50,000 square feet to its portfolio of flex industrial space in Flemington.

Industrial
New supply still weighing on New Jersey industrial market, despite strong leasing volume

A wave of new warehouse deliveries in New Jersey continued in the second quarter, putting upward pressure on vacancy rates despite millions of square feet of leasing activity.