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.

Residential & Mixed Use
Marcus: Buyer wanted for approved 2,400-unit development site in downtown Newark

The owner of a high-profile development site in Newark — where city officials have approved plans for more than 2,400 new residential units — has put the property on the market.

Health Care
JLL launches marketing for plug-and-play lab suites at New Brunswick’s HELIX district

The team behind the sweeping Health + Life Science Exchange campus in New Brunswick is seeking tenants for a group of prebuilt laboratory and office suites, part of a 574,000-square-foot building that’s slated to open later this year.

Finance & Capital Markets
Developer inks $81 million refi of new 200-unit rental property in Jersey City, C&W says

The owner of a new 200-unit luxury apartment building in Jersey City has refinanced the property for $81 million, brokers with Cushman & Wakefield announced Tuesday.

People
Larken Associates promotes Kerr to director of commercial asset management

Larken Associates has elevated Jamie Kerr to director of commercial asset management, marking her latest promotion since joining the Branchburg-based team in 2020.

Finance & Capital Markets
JLL: Buyer of Newark’s Springfield Avenue Marketplace lands $23 million acquisition loan

The new owner of a grocery-anchored shopping center in Newark has closed on more than $23 million in acquisition financing, in a newly announced deal by JLL.

Residential & Mixed Use
District 15Fifteen in Parsippany welcomes first residents, as momentum builds for retail leasing

A major mixed-use development is taking shape along Route 10 in Parsippany, with residents now moving in and a flurry of leasing activity at the property’s retail space.

Retail
Edison shopping center with grocery anchor space sold for $24 million, Goldstein Group says

The site of a 120,000-square-foot shopping center in Edison has changed hands for $24 million, in a newly announced deal by The Goldstein Group.

Retail
Urban Edge, TruGolf ink 6,000 sq. ft. deal for new golf simulator, restaurant in Cherry Hill

Urban Edge Properties has signed a deal that will bring an indoor golf simulator and high-end restaurant concept to a grocery-anchored retail center in Cherry Hill.

Retail
Net-leased Mavis Discount Tire property trades for $3.49 million, Marcus says

A private investor has acquired a nearly 6,900-square-foot retail property in Toms River for some $3.5 million, brokers with Marcus & Millichap announced Monday.

Industrial
Turnbridge taps NAI Hanson to lease 613,000 sq. ft. Bayonne industrial complex

Turnbridge Equities has picked NAI James E. Hanson as its leasing team for more than 613,000 square feet of recently acquired industrial space in Bayonne.