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
Olnick, Fisher unveil plan to transform concourse at Headquarters Plaza in Morristown

The owners of Morristown’s Headquarters Plaza have unveiled their plans to refresh the 1 million-square-foot property, with a focus on the cavernous interior concourse that connects its three office towers, the Hyatt Regency Morristown and a host of retailers and restaurants.

Industrial
Invesco adds 216,000 sq. ft. South Brunswick warehouse, in JLL-brokered deal

Invesco Real Estate has acquired a 216,000-square-foot warehouse in South Brunswick, in a newly announced deal by JLL.

Retail
Goldstein Group: Caliber Collision leases 12,000 sq. ft. on Route 22 in Union Township

The country’s largest collision repair company has taken nearly 12,000 square feet of highway retail space in Union Township, brokers with The Goldstein Group announced.

Retail
Retailers see store growth, adaptation as key to competing in 2024, LMC survey finds

Retailers are increasingly focused on growth in the year ahead, with plans to open new stores and adapt their businesses in hopes of staying competitive.

Residential & Mixed Use
Carteret approves plan for 78-unit luxury rental project, as borough’s redevelopment continues

A developer has secured local approvals for a plan that would bring 78 new apartments and ground-floor commercial space to a site near Carteret’s municipal complex.

Office
C&W: New leases, renewals at Parsippany campus total 50,000 sq. ft.

The Birch Group has secured a series of new leases and renewals at a Parsippany office campus, completing more than 50,000 square feet of activity amid plans to update the property.

Industrial
ARB Parking adds four acres for additional lot near Newark Airport, Blau & Berg says

A parking lot operator has expanded its footprint near Newark Liberty International Airport with a new lease for more than four acres, brokers with The Blau & Berg Co. announced Monday.

Retail
Dental Associates takes 1,300 sq. ft. at Jersey City’s Heights Plaza, Lee & Associates says

A dental practice has leased nearly 1,300 square feet at a busy shopping center in Jersey City’s Heights neighborhood, in a deal arranged by Lee & Associates New Jersey.

Residential & Mixed Use
Developers welcome first residents to 169-unit tower in historic Jersey City neighborhood

The first residents have arrived at a new 169-unit luxury apartment tower in Jersey City, following the launch of preleasing at the building last fall.

Residential & Mixed Use
Reynolds buys 360-unit rental portfolio in Texas, its latest out-of-state acquisition

Paramus-based Reynolds Asset Management has made two additions to its out-of-state holdings, acquiring a combined 360 apartments across two properties in Texas for $23 million.