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 signs 4,700 sq. ft. renewal, expansion with insurance solutions firm at Glenpointe

An insurance solutions provider is expanding at the Glenpointe campus in Teaneck as part of a recent lease renewal with Alfred Sanzari Enterprises.

Residential & Mixed Use
Boutique apartment building in Jersey City more than 75 percent leased, developers say

Alpine Residential and Fields Grade have leased more than 75 percent of their new 39-unit luxury apartment building in Jersey City, the firms announced last week.

Office
Advance, Freshpet break ground on pet food maker’s 30,000 sq. ft. headquarters in Bedminster

Construction is underway on Freshpet Inc.’s new global headquarters in Bedminster, in a rare ground-up office project that will support the growth of the New Jersey-born premium pet food maker and anchor the development of a mixed-use campus on Route 206.

Retail
Bagel shop takes 2,100 sq. ft. in Atlantic Highlands, Zoltek says

A gourmet bagel shop has leased nearly 2,100 square feet at a Monmouth County shopping center, in a deal arranged by Zoltek Commercial Real Estate Services.

People
Tokarski Millemann Architects promotes Tomasiello to senior associate

Tokarski Millemann Architects has elevated Sal Tomasiello to the role of senior associate with its Wall Township-based team.

Finance & Capital Markets
Frassetto Cos. inks $10 million loan for new Hudson Valley warehouse, in JLL-brokered deal

Frassetto Cos. has landed $10 million in permanent financing for more than 80,000 square feet of new warehouse space in New York’s Orange County, brokers with JLL announced.

Retail
Retail tenants lease space at new Haddon Twp. apartment project, Vantages Commercial says

Three tenants are coming to the base of a new multifamily property in Haddon Township, in a series of deals arranged by Vantage Commercial.

Industrial
Smaller deals by 3PL, food and beverage firms boost New Jersey industrial leasing, CBRE says

Smaller deals are looming large in New Jersey’s industrial market, helping to drive occupancy gains as developers eye continued momentum in the second half of the year.

Office
Advance eyes new retail, dining at Bedminster campus with Freshpet headquarters as a catalyst

Advance Realty Investors is breaking ground in Bedminster on a build-to-suit, 30,000-square-foot global headquarters for Freshpet, with plans to add 20,000 square feet of new retail space as part of a broader plan to transform a campus on Route 206. — Rendering courtesy: Advance

Industrial
B&D, J.P. Morgan Asset Management add 205,000 sq. ft. North Brunswick industrial portfolio

B&D Holdings and investors advised by J.P. Morgan Asset Management have acquired a 205,000-square-foot portfolio of shallow-bay industrial buildings in North Brunswick.