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
NJ Transit, Onyx detail 407,000 sq. ft. lease for agency’s new headquarters in Newark

NJ Transit and Onyx Equities have revealed new details about their 25-year lease in downtown Newark, where the agency will occupy some 407,000 square feet for its new headquarters.

Retail
SJP, Sweetgreen ink 2,700 sq. ft. lease for first retail tenant at M Station in Morristown

SJP Properties has secured its first retail tenant for its M Station project in downtown Morristown, inking a lease with fast-casual restaurant chain Sweetgreen.

Residential & Mixed Use
Passaic building with 13 apartments, retail space trades for $4.3 million, Kislak says

A distinctive 13-unit apartment and retail building in Passaic has changed hands for $4.3 million, in a deal arranged by The Kislak Co. Inc.

Retail
Fennelly: Clergy apparel business takes 8,000 sq. ft. for Ewing showroom, warehouse

A business that sells clergy apparel has leased 8,000 square feet in Ewing that will serve as its new showroom and warehouse, in a newly announced deal by Fennelly Associates.

Retail
RIPCO: Salon suites, children’s retailer among newest tenants at Toms River shopping center

A salon suite studio has taken 9,000 square feet at a Toms River shopping center, in one of three newly announced leases by RIPCO Real Estate.

Professional Services
Three recent hires fueling growth of Hudson Atlantic multifamily team, brokerage firm says

Hudson Atlantic Realty has bolstered its multifamily brokerage unit with three recent additions to its team and a growing transaction pipeline.

Finance & Capital Markets
PGIM lends $103 million for Pennsauken industrial portfolio deal

PGIM Real Estate has provided $103 million in fixed-rate financing to the buyer of more than 1 million square feet of industrial space in Pennsauken.

Retail
Urban Edge, Savers ink 25,000 sq. ft. deal at Cherry Hill power center

National thrift store concept Savers has taken more than 25,000 square feet at The Plaza at Cherry Hill, a power center in the township owned by Urban Edge Properties.

Professional Services
Kichen, Matovsky-Whalen among newest broker hires at Woodbridge-based Sitar

Sitar Realty has expanded its brokerage team with two recent additions, the Woodbridge-based firm announced Monday.

Residential & Mixed Use
Walters marks completion of 150-unit, affordable senior housing property in Branchburg

Walters has completed its newest age- and income-restricted housing project in New Jersey with the debut of a 150-unit multifamily property in Branchburg.