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.

Health Care & Education
NAI Hanson inks renewal, new lease at Clara Maass medical office portfolio in Belleville

The owner of three medical office buildings at Belleville’s Clara Maass Medical Center has completed two new leases within the portfolio, brokers with NAI James E. Hanson announced.

Residential & Mixed Use
Cervelli closes sale of 16-unit North Bergen apartment building to 1031 investor

An investor has purchased a 16-unit apartment building in North Bergen for nearly $2.6 million, in a deal arranged by Cervelli Real Estate and Property Management.

Residential & Mixed Use
Marcus: New construction poised to flood North Jersey rental market, but vacancy to remain tight

A surge of new supply is coming to northern New Jersey’s apartment market, with some 12,000 units slated to be delivered this year in a region with one of the country’s lowest vacancy rates.

Office
Japanese pharma firm opens new 80,000 sq. ft. North American headquarters near Princeton

A global pharmaceutical maker has unveiled its new North American headquarters outside Princeton, where it leases nearly 80,000 square feet that will house some 300 employees.

Health Care & Education
New video shows construction progress, research space at New Brunswick cancer center project

The team behind what will be the state’s first freestanding cancer hospital is offering a new look at the progress of the project in downtown New Brunswick — as well as a preview of one of the building’s most critical components.

Health Care & Education
Urgent care clinic takes 3,500 sq. ft. in Englewood for newest Bergen County location

A chain of urgent care clinics has found a new location in Englewood as part of an ongoing expansion in Bergen County, according to a brokerage team with NAI James E. Hanson.

Office
Nonprofit expands with new 1,900 sq. ft. lease in downtown Newark, Blau & Berg says

A nonprofit that supports minority entrepreneurs has leased nearly 2,000 square feet of office space in downtown Newark, in a newly announced deal by The Blau & Berg Co.

Retail
Azarian: Smoothie, juice bar takes final space at Fairfield shopping center

A shopping center in Fairfield is fully leased after a new 1,500-square-foot commitment by a smoothie and juice bar, under a deal arranged by Azarian Realty Co.

Finance & Capital Markets
JLL: Kaplan snags $47 million loan from Nuveen for new senior housing in North Brunswick

The Kaplan Cos. has landed $47 million in financing for a 222-unit active adult community in North Brunswick that the firm unveiled just over a year ago, in a deal arranged by JLL.

Residential & Mixed Use
Reynolds completes 103-unit rental property in Orange arts district

Reynolds Asset Management has completed a new 103-unit apartment building in Orange after redeveloping the former longtime site of a hardware store in the city’s Valley Art District.