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.

Industrial
BLP inks 87,000 sq. ft. in renewals in Hasbrouck Heights, NAI Hanson says

Two tenants at a Hasbrouck Heights industrial building have signed lease renewals totaling more than 87,000 square feet, according to brokers with NAI James E. Hanson.

Retail
Barnes & Noble relocates in Paramus, takes 35,000 sq. ft. in deal arranged by Goldstein Group

Barnes & Noble has found a new home for its Paramus store after leasing 35,000 square feet on Route 17, in a newly announced deal by The Goldstein Group.

Health Care & Education
Health care users combine for 9,800 sq. ft. in new Fennelly deals in Mercer County

An ear, nose and throat practice is expanding in the region after taking space at Robbinsville’s Washington Town Center, in one of three newly announced deals by Fennelly Associates.

Features
Gensler marks 30 years in New Jersey with an expanded focus, but still at the forefront of workplace design

Gensler is marking 30 years in New Jersey, where it finds itself at the forefront of not only the fast-changing office market, but several of the state’s key growth sectors.

Community
Giving Tuesday generosity inspires Profeta’s fresh produce donation to NJIT Food Pantry

The NJIT community showed its heart on Giving Tuesday late last month, raising a record-breaking $24,000 for the university’s food pantry. The outpouring of support will directly impact hundreds of students facing food insecurity, providing them with not only pantry staples but also fresh produce, professional clothing and hygiene items.

Residential & Mixed Use
Developer buys site of 70-unit Bayonne rental project mid-construction, CBRE says

A private developer has purchased the site of a 70-unit multifamily project that is now under construction in Bayonne, in a newly announced deal by CBRE.

Government & Public Policy
EDA launches grant program for neighborhood capital projects in Atlantic City

The state Economic Development Authority has approved a pilot program to fund capital projects in Atlantic City, seeking to help spur investment at the neighborhood level.

Retail
Norman’s Hallmark continues expansion, opens 6,200 sq. ft. store in Marlton

The nation’s largest independent owner of Gold Crown Hallmark stores has debuted a new location in Evesham Township, where it occupies space at a Route 73 shopping center.

Government & Public Policy
EDA approves $400 million Aspire tax credit for residential, commercial phases in Sayreville’s Riverton project

The state has approved a 10-year, $400 million tax credit award that will support key phases of Riverton, the massive project that could bring 6.5 million square feet of development to a once-contaminated, long-dormant waterfront property in Sayreville.

Residential & Mixed Use
Alpert Group breaks ground on 65-unit affordable senior housing project in West Orange

Construction is underway on a new 65-unit age- and income-restricted housing property in West Orange’s central business district.