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.

Deals
Marcus: Local buyer adds 14-unit retail, office property in Saddle Brook for $3.1 million

A local private investor has purchased nearly 14,000 square feet of retail and office space in Saddle Brook for more than $3.1 million, brokers with Marcus & Millichap said Tuesday.

Retail
New restaurant leases 4,600 sq. ft., opens at Hoboken apartment building, RIPCO says

A new restaurant has taken nearly 4,600 square feet at the base of an apartment building in western Hoboken, in a newly announced deal by RIPCO Real Estate.

Retail
LMC: Nothing Bundt Cakes inks 1,500 sq. ft. lease at St. Georges Crossing in Woodbridge

The nation’s largest specialty cake company is expanding to Woodbridge with a new lease at a 343,000-square-foot highway shopping center, in a deal secured by Levin Management Corp.

Residential & Mixed Use
AvalonBay opens 349-unit rental property in Montville, bringing new life to former eyesore

A new 349-unit apartment property has opened its doors in Montville, helping to transform a sprawling former junkyard property that was long an eyesore along Route 46.

Professional Services
Kimmerle opens Hoboken office to support growing pipeline in and around Hudson County

Kimmerle Group and its Kimmerle Newman Architects division have planted a new flag on New Jersey’s Gold Coast with a recently opened office in downtown Hoboken.

Residential & Mixed Use
Sharbell sells 64-unit Robbinsville development for $20 million, Hudson Atlantic says

Sharbell Development has sold a 64-unit apartment property in Robbinsville for $20 million, in a newly announced deal by Hudson Atlantic Realty.

Residential & Mixed Use
New 200-unit luxury rental property set to open in downtown Jersey City (SLIDESHOW)

Another luxury apartment building has hit the market in Jersey City, bringing an additional 200 units to the downtown as it prepares to open its doors in the weeks ahead.

Professional Services
DMR: New Middlesex College student center to bolster meeting spaces, culinary program

A new 30,000-square-foot student center is coming to Middlesex College as part of a multiphase plan to modernize its main campus in Edison.

Office
Paramount Assets, Girl Scouts host ‘wall-breaking’ for new leadership center in Newark

Paramount Assets has kicked off a project in Newark that will create a new program and events hub for some 13,000 Girl Scouts and 9,000 adult volunteers in the region.

Retail
Halal restaurant takes 1,800 sq. ft. at Route 206 retail center in Hillsborough, BRC says

A restaurant has leased nearly 1,800 square feet at a grocery-anchored shopping center in Hillsborough, brokers with Bussel Realty Corp. announced Monday.