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
FRT, Crate & Barrel Outlet ink 23,000 sq. ft. lease in Lawrenceville

Crate & Barrel Outlet has secured a new space in Lawrenceville after agreeing to lease more than 23,000 square feet from Federal Realty Investment Trust, brokers with JLL announced.

Residential & Mixed Use
Cervelli: Six-unit Jersey City building with apartments, commercial space fetches $850,000

A private investor has acquired a mixed-use property in Jersey City for $850,000, in a newly announced deal by Cervelli Real Estate & Property Management.

Health Care & Education
Florham Realty: Medical device firm takes 2,400 sq. ft. for new facility in Mount Arlington

A medical equipment company has opened a new location in Mount Arlington after a recent lease for 2,400 square feet, brokers with Florham Realty Management LLC announced.

Government & Public Policy
Cherry Hill farm parcel sold as open space for $3.9 million, Rose Commercial says

The township of Cherry Hill has acquired a 26-acre tract in the municipality for nearly $3.9 million, in a deal arranged by Rose Commercial Real Estate.

Professional Services
CBRE adds industrial specialist Shoemaker to focus on multimarket clients

Industrial broker Stephen Shoemaker has joined CBRE as a senior vice president, with a focus on multimarket occupiers in the asset class.

Office
Fennelly: Three tenants combine for 7,100 sq. ft. in new deals at Hamilton office building

The owner of a 33,000-square-foot office building in Hamilton has welcomed three new tenants after a series of leases arranged by Fennelly Associates.

Retail
Fairfield-based Vita & Vita tapped to manage Mid-Atlantic, Southeast shopping centers

Vita & Vita Realty Corp. has expanded its management footprint with new assignments at shopping centers in Maryland, Virginia and North Carolina, the Fairfield-based firm announced.

Residential & Mixed Use
JLL’s Morristown-based team marketing 55-unit New Rochelle apartment portfolio for sale

The owner of 54 apartments and an adjacent home in New Rochelle, New York, has tapped JLL’s Morristown-based capital markets team to sell the properties.

Residential & Mixed Use
Alpine, Fields Grade launch boutique rental building in Jersey City’s Bergen-Lafayette section

A development team has unveiled a six-story, 39-unit apartment building in Jersey City as the latest addition to their footprint in the historic Bergen-Lafayette neighborhood.

Residential & Mixed Use
Kushner nears topping out of first tower, start of second phase for One Journal Square project

A closely watched project that will add more than 1,700 apartments to Jersey City’s booming Journal Square neighborhood is on the verge of two key construction milestones.