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.

Retail
Kushner adds seafood restaurant, sunglasses shop to Pier Village retail lineup

Two retail tenants will open their first New Jersey locations after signing leases at Kushner’s mixed-use Pier Village property in Long Branch.

Top News
Virtua seeking buyer for 110-acre development site in Burlington County, WCRE says

Virtua Health is seeking a buyer for a 110-acre parcel in the Burlington County township of Westampton, in a newly announced offering by Wolf Commercial Real Estate.

Professional Services
Tokarski Millemann to spearhead redesign of popular Italian restaurant in Belmar

The owners of a popular Jersey Shore restaurant have tapped Tokarski Millemann Architects to spearhead a redesign and expansion of the space.

Office
Marcus inks $13 million sale of 28,000 sq. ft. office, retail property in downtown Red Bank

An investment group has sold a mixed-use building in downtown Red Bank for $12.75 million, or more than $450 per square foot, in a deal arranged by Marcus & Millichap.

Office
Sanzari touts lease expansion at Glenpointe by waste collection, recycling firm

A waste collection and recycling firm has expanded at the Glenpointe campus in Teaneck, where it now leases nearly 18,000 square feet from Alfred Sanzari Enterprises.

Retail
Alfalfa opens new 1,200 sq. ft. eatery in Jersey City, following build-out by GTL Construction

GTL Construction has completed the interior fit-out for a new Alfalfa restaurant in downtown Jersey City, its latest project in the food service industry.

Residential & Mixed Use
Prism hits 50 percent leased milestone at new Dunellen rental property

Prism Capital Partners has leased more than 50 percent of a new 252-unit luxury multifamily property in downtown Dunellen, the developer announced Tuesday.

Office
Newmark named leasing agent for 157,000 sq. ft. Fairfield office building

The owner of a nearly 160,000-square-foot office building in Fairfield has picked Newmark Associates Commercial Real Estate as its leasing agent.

Residential & Mixed Use
Study projects demand for 1,300 new housing units in downtown Trenton over next five years

Housing demand in Trenton is on the rise, according to a recent market study, creating a need for nearly 1,300 new residential units in the downtown over the next five years.

Government & Public Policy
Demand for studio space still growing in New Jersey, as officials move to expand opportunities

New Jersey’s fast-growing film and television industry has created a boom in studio construction and a new market for commercial spaces that can serve as set locations, as state officials take new steps to help more municipalities reap the benefits.