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
Birch Group, JLL tout flurry of leasing activity at 72,000 sq. ft. Princeton office building

The Birch Group has lured several new tenants to a Princeton-area office building, including the semiconductor maker Broadcom, in a series of newly announced deals by JLL.

Retail
Urban Edge leases 39,000 sq. ft. in Cherry Hill to Total Wine & More

Urban Edge Properties has signed a new 39,000-square-foot lease to bring Total Wine & More to a grocery-anchored shopping center in Cherry Hill.

Office
Contractor buys Howell office, warehouse property for $2.9 million, Sheldon Gross says

A contractor has purchased a 10,300-square-foot commercial property in Howell for $2.9 million, in a deal arranged by Sheldon Gross Realty.

Retail
LMC: New ShopRite store, center-wide upgrades coming to Blue Star on Route 22

ShopRite is getting a new home at Blue Star Shopping Center in Watchung, under a major redevelopment of the prominent 420,000-square-foot property on Route 22.

Editor’s Note
At the ready

The issue of so-called stranded assets is a recurring theme in New Jersey commercial real estate, regrettably so, one that often finds public officials on their heels when they’re left with a vacant, obsolete office park or mall. That is seemingly not the case in Bedminster, where local leaders spent nearly a decade preparing for the possibility that AT&T, its largest taxpayer and employer, would vacate its iconic, 1.1 million-square-foot campus in the township.

Residential & Mixed Use
Solomon taps McInerney as COO to replace retiring executive Rosen

The Solomon Organization has named a new chief operating officer, filling a role held by an executive who has retired after nearly four decades with the firm.

Industrial
NAI Hanson: Clothing retailer takes 25,000 sq. ft. in Ramsey, in relocation from N.Y.C.

A family-owned clothing accessories business has leased nearly 25,000 square feet of industrial space in Ramsey, in a newly announced deal by NAI James E. Hanson.

Office
Larken, Dynamic ink 15,000 sq. ft. deal for engineering firm’s third expansion in Chester

Dynamic Engineering Consultants PC is once again expanding in downtown Chester, where it occupies more than 15,000 square feet under a lease with Larken Associates.

Finance & Capital Markets
J.P. Morgan secures $45 million refi of 1.1 million sq. ft. Poconos warehouse, C&W says

An investment group has landed $45 million to refinance a nearly 1.1 million-square-foot industrial building in Pennsylvania’s Poconos region, about 25 miles outside New Jersey, in a deal arranged by Cushman & Wakefield.

Professional Services
Inside CSG Law’s new headquarters, an office built for today and tomorrow

CSG Law has opened its new 120,000-square-foot headquarters in Roseland, in a space aimed at helping the firm compete for talent for decades to come, while meeting the need for mobility and flexibility in the wake of the pandemic.