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

State Farm office takes 1,800 sq. ft. in move to Rochelle Park, NAI Hanson says

The operator of a State Farm agency is moving to Rochelle Park after taking nearly 2,000 square feet of office space in the township, brokers with NAI James E. Hanson announced.

Finance & Capital Markets

JLL: Panepinto lands $193 million construction loan for 605-unit Journal Square tower

Panepinto Properties has secured a $193 million construction loan for a planned 605-unit luxury apartment tower in Jersey City’s booming Journal Square neighborhood.

Residential & Mixed Use

Denholtz acquires newly built, 214-unit luxury rental property in North Bergen

Denholtz Properties has added to its apartment portfolio after acquiring a newly constructed, 214-unit property in North Bergen.

Industrial

Fitness equipment dealer takes 43,000 sq. ft. in Cranbury in one of three related deals by BRC

A fitness equipment company has leased more than 43,000 square feet of industrial space in Cranbury, in the largest of three interconnected deals arranged by Bussel Realty Corp.

Residential & Mixed Use

Russo, Dinallo hit 60 percent leased mark at new Orange apartment building

The developers of a new 209-unit apartment building in Orange are off to a fast start after the launch of leasing, having rented more than 60 percent of the property in just three months.

Newark Symphony Hall, with new CEO in place, marks phase one of $75 million restoration

Newark Symphony Hall has unveiled its overhaul of an iconic banquet space, as it marks the completion of the first phase of a sweeping $75 million renovation.

Industrial

Maker of Louis Vuitton, Hennessy set to backfill 887,000 sq. ft. distribution hub in Cranbury

A massive distribution center in Cranbury that was long home to Pearson Education is finding new life after a lease by LVMH Group, the owner of brands such as Louis Vuitton and Tiffany.

Retail

P.C. Richard, HomeSense take 57,000 sq. ft. at ex-Bed Bath site in Iselin, Jeffery Realty says

Two well-known retailers have leased a combined 57,000 square feet in the Iselin section of Woodbridge, where they are backfilling a former Bed Bath & Beyond store.

Office

Eisai secures three environmental, health certifications for U.S. headquarters in Nutley

Pharmaceutical company Eisai Inc. has earned three well-known environmental and health and wellness certifications for its 300,000-square-foot headquarters building in Nutley.

Government & Public Policy

EDA to launch $10 million Food Desert Relief Act tax credit auction

A program that could spur the construction of new supermarkets in New Jersey is taking shape after key steps by the state Economic Development Authority.