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
JLL: Town & Country Living leases 30,000 sq. ft. at rebranded office building in Glen Rock

Home décor company Town & Country Living has taken 30,000 square feet at a newly renovated office building in Bergen County, according to a leasing team with JLL.

Government & Public Policy
Murphy taps BPU’s Guhl-Sadovy to succeed Fiordaliso, agency’s late president

Gov. Phil Murphy has tapped New Jersey Board of Public Utilities Commissioner Christine Guhl-Sadovy as the agency’s new leader, following the sudden death last week of longtime President Joseph L. Fiordaliso.

Residential & Mixed Use
Hornrock touts strong velocity after leasing 80 percent of 221-unit Hackensack rental building

Hornrock Properties has leased more than three-quarters of a new 221-unit luxury apartment building in downtown Hackensack, the developer said Monday.

Retail
Dunkin’ opens new 1,700 sq. ft. store in Edison after deal arranged by Goldstein Group

Dunkin’ has opened at a busy shopping center in Edison after recently leasing nearly 1,700 square feet at the property, brokers with The Goldstein Group announced Monday.

Office
CPN: Business valuation firm takes 1,400 sq. ft. at Mercer County office building

A business valuation firm has leased more than 1,400 square feet at a Mercer County office building, in a deal arranged by Commercial Property Network Inc.

Professional Services
JLL adds nonprofit brokerage team for New York City, tristate

An accomplished broker and his team have joined JLL to lead the nonprofit, education and government practice based in the firm’s Manhattan office.

Industrial
Hamilton development site zoned for cannabis grow, manufacturing space on the market

A development site in Hamilton is on the market, with the potential to house nearly 75,000 square feet of industrial space and cannabis cultivation or manufacturing.

Finance & Capital Markets
PGIM Real Estate taps Marcus, Amabile as co-CEOs

PGIM Real Estate has picked two of its longtime executives as co-CEOs amid several newly announced appointments for the Newark-based asset manager.

Government & Public Policy
Newark to provide financing, support for activating vacant storefronts downtown

The city of Newark has launched a program aimed at filling vacant storefronts in its downtown, offering up to $650,000 in financial support to prospective retailers and restaurateurs.

Retail
Azarian: Philly Pretzel Factory takes final space at grocery-anchored center in Allendale

A grocery-anchored shopping center in downtown Allendale is fully occupied after a recent commitment by Philly Pretzel Factory, according to a leasing team with Azarian Realty Co.