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.

Finance & Capital Markets

Kaplan refis 200-unit Helmetta property with $38 million Nuveen loan, JLL says

Kaplan Cos. has closed on more than $38 million in financing for a 200-unit apartment and townhome property in Helmetta, according to a debt placement team with JLL.

Professional Services

PS&S promotes Ryberg to vice president of architecture

PS&S, the Warren-based professional services firm, has promoted Jesper Ryberg to vice president of architecture.

Retail

Café, waffle concepts ink leases for new Hoboken locations, Zoltek says

Two new food and beverage concepts have arrived in Hoboken after leasing space in the city’s bustling downtown, according to a team with Zoltek Commercial Real Estate Services.

Retail

Azarian: Allendale Town Center fully leased after upscale café takes 1,000 sq. ft.

A luxury café has leased more than 1,000 square feet at the grocery-anchored Allendale Town Center in Bergen County, in a newly announced deal by Azarian Realty Co.

KPMG expands lease at Morristown’s HQ Plaza, adds 10,000 sq. ft. ahead of fall 2026 move

HQ Plaza on Speedwell Avenue in Morristown — File photo/Courtesy: JLL By Joshua Burd KPMG has taken additional space at HQ Plaza in Morristown, bringing its expected footprint to some 76,000 square feet when it moves to the complex next…

Office

Bell Works touts strong first-half leasing activity across office, coworking spaces

A flurry of new leases and extensions at Bell Works in Holmdel has set the stage for what its owner says will be a strong second half for the distinctive 2 million-square-foot campus.

Residential & Mixed Use

Hartz completes 218-unit luxury rental building to cap off 40-year Lincoln Harbor development

Hartz Mountain Industries has leased nearly two-thirds of a new 218-unit high-end rental property in Weehawken, hitting the milestone just four months after its debut and as the firm marks the completion of its acclaimed Lincoln Harbor district.

Office

NAIDB lists five-property, mixed-use portfolio in North Brunswick for sale

The owner of more than 7,000 square feet across five properties in North Brunswick is looking to sell the portfolio, tapping NAI DiLeo-Bram & Co. to lead the offering.

Deals

Automotive equipment firm buys 11,000 sq. ft. Middlesex facility, Boniakowski says

A supplier of automotive lift equipment has acquired an 11,000-square-foot building in Middlesex Borough, in a deal arranged by The Boniakowski Commercial Real Estate Group.

Editor’s Note

Right place, right time

As you’ll read in this month’s cover story, Asia-based third-party logistics firms have been critical for many Garden State landlords, creating new demand and helping to fill excess inventory after the recent development surge. A spike in 2024 — when the offshore firms accounted for some 42 percent of all Class A industrial leasing in the state — has given way to a more modest pace in 2025. Yet developers expect Asian 3PLs to continue to loom large going forward, even with the cloud of a trade war between the U.S. and China.