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
Estate, elder law firm takes 4,300 sq. ft. in Watchung, Boniakowski says

A law firm has signed a new 4,300-square-foot lease at a Watchung office building, according to a brokerage team with The Boniakowski Commercial Real Estate Group.

Community
Larken Associates’ Jillian Dorell named to SCBP’s 40 under 40 list

The Somerset County Business Partnership has recognized Jillian Dorell, director of design with Larken Associates, as a member of its 40 under 40 list for 2023.

Finance & Capital Markets
JLL: Woodmont refis after leasing up 443-unit West Windsor rental property

Woodmont Properties has secured permanent financing for its newly built, 443-unit multifamily property in West Windsor, in a deal arranged by JLL.

Technology
Nokia to open new 360,000 sq. ft. facility in New Brunswick by 2028, eyeing ‘the next 100 years’ of its historic Bell Labs research arm

Nokia Bell Labs will break ground in 2025 on its new 360,000-square-foot facility in downtown New Brunswick, executives said Monday, as they hailed a project that will allow it to remain at the forefront of innovation while boosting its appeal for the state’s future talent pool.

Professional Services
Marcus & Millichap adds Gorczycki to New Jersey capital markets team

Marcus & Millichap has bolstered its capital markets platform in New Jersey with the hiring of veteran broker Dan Gorczycki.

Residential & Mixed Use
Urby Newark welcomes Japanese-inspired restaurant to new downtown building

A Japanese-inspired restaurant has opened its doors in downtown Newark at the base of the newly delivered 250-unit Urby apartment building.

Retail
BRC: Beauty bar expanding to Somerville, takes 4,200 sq. ft.

A salon business has leased more than 4,200 square feet of retail space in downtown Somerville, brokers with Bussel Realty Corp. announced Monday.

Office
Azarian, Duncan Financial Group ink 1,200 sq. ft. office lease in Midland Park

A financial support company has taken more than 1,200 square feet at The Azarian Building, an 18,000-square-foot office property in Midland Park.

Finance & Capital Markets
Saxum, BGO partner for recap of 1.5 million sq. ft. national cold storage portfolio

Saxum Real Estate has recapitalized a six-property, 1.5 million-square-foot portfolio of cold storage buildings under a newly completed partnership with a national investment firm.

Office
Nokia Bell Labs moving to New Brunswick as sole tenant at new 360,000 sq. ft. research, office tower at city’s HELIX campus

One of New Jersey’s most iconic technology companies is headed to New Brunswick, where it will occupy a new lab and office building that’s slated to include some 360,000 square feet.