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.

Retail
Retail space at downtown Montclair condo property on the market for sale, JLL says

The owner of nearly 36,000 square feet of high-end retail space in downtown Montclair is looking to sell the property, brokers with JLL said in a recent offering.

Industrial
Ware Malcomb details design for 761-unit self-storage project in Budd Lake

A developer has completed a new four-building, 761-unit self-storage complex in Morris County as part of a project designed by Ware Malcomb.

Professional Services
Construction industry veteran Murray assumes CEO post at Vollers

Longtime construction industry executive Brendan Murray has taken the reins as CEO of Vollers Inc., the family-owned firm based in Somerset County.

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.