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
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.

Industrial
Seagis completes new 8,700 sq. ft. lease at Carteret industrial building, BRC says

Seagis Property Group has secured a new tenant after leasing nearly 8,700 square feet at a Carteret industrial building, brokers with Bussel Realty Corp. announced this week.

Residential & Mixed Use
Hornrock debuts outdoor amenities at new 221-unit Hackensack apartment building

Hornrock Properties has taken the wraps off a new courtyard and rooftop deck at its newly opened, 221-unit luxury apartment building in downtown Hackensack.

Industrial
Boutique advisory firm Branch Industrial launches with offices in Teaneck, Manhattan

A new boutique advisory firm for industrial real estate has opened its doors, with a focus on sourcing institutional capital and private equity for deals in New Jersey and nationally.

Office
Onyx, NJ Transit ink 407,000 sq. ft. lease at Newark’s Gateway, boosting Q2 office market

Onyx Equities has completed a deal to bring NJ Transit to Newark’s Gateway complex, where the agency has committed to more than 400,000 square feet under a high-profile office lease.

Residential & Mixed Use
Middlesex County apartment portfolio trades for $9.7 million, Gebroe-Hammer says

A growing multifamily owner has added to its holdings with three properties in Middlesex County, acquiring the 53-unit portfolio for nearly $10 million.