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.

Professional Services
CB Construction Management leads major refresh of Hackettstown senior housing

CB Construction Management has completed a multiphase interior renovation of Riverwalk Village, a 118-unit senior living community in Hackettstown.

Professional Services
R&J promotes Dreisbach, Cheng as Serian joins as digital media and content manager

R&J Strategic Communications has promoted Jeremy Dreisbach and Dexter Cheng, announcing the moves alongside the hiring of Andrew Serian to support its growing digital media team.

Office
C&W: Rare coins dealer, hair care brand ink office leases at 601W’s Harborside in Jersey City

Two companies are moving to the new-look Harborside campus in Jersey City, combining for nearly 11,000 square feet in leasing activity with landlord 601W Cos.

Finance & Capital Markets
CBRE: Developer lands $31 million permanent loan for 115-unit Montgomery rental project

The developer of a new 115-unit luxury rental community in Somerset County has closed on $31 million in permanent financing, according to brokers with CBRE.

Industrial
JLL lists 278,000 sq. ft. ‘headquarters-style’ industrial building in Wall Twp. for sale or lease

The owner of a nearly 278,000-square-foot industrial building in Monmouth County has tapped JLL to secure a buyer or tenant for the property.

Industrial
Morvay breaking ground on Robbinsville, Hamilton flex industrial projects, Zimmel says

Morvay Partners is moving ahead with two ground-up flex industrial projects in Mercer County, with plans to deliver both by year-end as it markets the spaces to prospective tenants.

Food & Beverage
Landmark New Brunswick eatery, food hall to anchor HELIX hospitality district

A beloved bar and restaurant in New Brunswick is moving to the city’s HELIX campus, where it will join a new food hall to anchor the project’s food and beverage offerings.

Retail
LMC: Target opens at West Orange Plaza to continue retail center’s transformation

A long-awaited Target store has arrived in West Orange, marking a milestone in the high-profile update and expansion of a busy shopping center off Interstate 280.

Industrial
Fire protection firm buys 20,000 sq. ft. Somerset facility from PepsiCo, NAIDB says

A life safety business has acquired a more than 20,000-square-foot industrial building in the Somerset section of Franklin, in a newly announced deal by NAI DiLeo-Bram & Co.

Retail
Investors trade Pennington retail center in $3.9 million deal by Marcus & Millichap

A private investor has sold more than 18,000 square feet of retail space in Mercer County for $3.925 million, brokers with Marcus & Millichap announced Monday.