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
BRC: Textile wholesaler, life sciences user ink leases at Somerset industrial flex building

Two tenants have leased a combined 25,000 square feet of industrial and laboratory space in the Somerset section of Franklin, according to brokers with Bussel Realty Corp.

Hospitality & Tourism
Choice Hotels acquires 2.6-acre site on Somerset’s Easton Avenue, The Goldstein Group says

A global hotel chain has acquired a 2.6-acre land parcel in the Somerset section of Franklin, brokers with The Goldstein Group announced Monday.

Retail
Fennelly: Sandwich, wing shop takes 1,300 sq. ft. at Briarwood Shopping Village in Hamilton

A sandwich and wing restaurant is expanding in the region after leasing nearly 1,300 square feet in Hamilton, in a newly announced deal by Fennelly Associates.

Top News
Making connections: How Morristown’s HQ Plaza will engage residents, visitors with new public-facing spaces

The renovation of Morristown’s landmark Headquarters Plaza will look to energize the sprawling concourse that connects three office towers, a Hyatt Regency hotel and a host of retailers and restaurants under the roof of the 1 million-square-foot complex. Not to be overlooked is the idea that the refreshed property will also engage the community in a way that it hasn’t in decades, taking cues from the town’s other recent redevelopment projects.

Industrial
Brooklyn-based buyer adds 52,000 sq. ft. Totowa warehouse, Team Resources says

An affiliate of Snowball Developments LLC has acquired a 52,000-square-foot industrial building in Totowa, brokers with Team Resources Inc. announced last week.

Government & Public Policy
Newark Fiber, Andrena partner to bring ultra-fast, low-cost internet to public housing residents

More than 1,600 Newark families living in public housing are getting affordable high-speed internet access as part of an outgrowth of the city’s celebrated Newark Fiber program.

Professional Services
Bravo, Kamath among newest additions to AMHigley’s Morristown team

The Albert M. Higley Co. has continued its expansion in New Jersey with several recent hires on its Morristown-based team.

Retail
Norman’s Hallmark relocates in Ocean Township, debuts 6,400 sq. ft. store on Route 66

Norman’s Hallmark has opened a new full-format store in Ocean Township, where it leases 6,400 square feet at a shopping center on Route 66.

Professional Services
Winslow joins Langan environmental team

Langan has bolstered its environmental practice in the region with the addition of David Winslow as a senior associate.

Retail
Somerset, Monmouth county shopping centers fully leased after LMC-brokered deals

A furniture store has taken nearly 5,800 square feet at a neighborhood shopping center in Franklin Township, in one of two newly announced leases by Levin Management Corp.