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
Advance eyes new retail, dining at Bedminster campus with Freshpet headquarters as a catalyst

Advance Realty Investors is breaking ground in Bedminster on a build-to-suit, 30,000-square-foot global headquarters for Freshpet, with plans to add 20,000 square feet of new retail space as part of a broader plan to transform a campus on Route 206. — Rendering courtesy: Advance

Industrial
B&D, J.P. Morgan Asset Management add 205,000 sq. ft. North Brunswick industrial portfolio

B&D Holdings and investors advised by J.P. Morgan Asset Management have acquired a 205,000-square-foot portfolio of shallow-bay industrial buildings in North Brunswick.

Deals
Fennelly: Comfort Keepers buys 7,500 sq. ft. Hamilton commercial property for $1 million

At-home care provider Comfort Keepers has acquired a 7,500-square-foot mixed-use building in Hamilton for $1 million, brokers with Fennelly Associates announced Wednesday.

Retail
Azarian: Neptune City retail center fully leased after 1,600 sq. ft. deal with UPS Store

The UPS Store has taken more than 1,600 square feet at a major grocery-anchored retail property in Neptune City, according to a leasing team with Azarian Realty Co.

Residential & Mixed Use
Buyer wanted for 2.25-acre redevelopment portfolio in Union City, Kislak says

A portfolio of 13 parcels in Union City is on the market for sale, brokers with The Kislak Co. Inc. said, touting it as a redevelopment opportunity along New Jersey’s booming Gold Coast.

Office
Report: New Jersey coworking space ticks upward in Q2, surpasses 2.75 million sq. ft.

New Jersey’s supply of coworking space is still growing steadily, with an inventory that’s nearing 3 million square feet amid continued demand for virtual offices and other options.

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.