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
Adoni joins Franklin Lakes mayor to open new 52-unit luxury rental building

Local officials in Franklin Lakes joined Adoni Property Group recently to mark the opening of the firm’s new 52-unit luxury apartment building in the borough.

Office
Onyx lands 290,000 sq. ft. lease in Summit for J&J consumer health spinoff headquarters

Johnson & Johnson’s highly anticipated consumer health spinoff is leasing 290,000 square feet of office and laboratory space in Summit, in a deal that will activate a campus recently acquired by Onyx Equities.

Office
Three tenants combine for 7,500 sq. ft. at Teaneck office building, CBRE says

The owner of a Teaneck office building has signed three new leases totaling more than 7,500 square feet, in a series of newly announced deals by CBRE.

Retail
LMC: Salon studio takes 12,000 sq. ft. at Somerset Shopping Center in Bridgewater

A salon studio business is expanding in New Jersey with a new 12,000-square-foot lease at a Bridgewater shopping center, according to a team with Levin Management Corp.

Office
Vantage Commercial: 3PL firm takes 5,800 sq. ft. for new Glassboro headquarters

A third-party logistics firm has leased nearly 5,800 square feet of office space near Rowan University in Glassboro, according to a brokerage team with Vantage Commercial.

Retail
Grid: Fitness chain takes 5,000 sq. ft. at Jersey City condo building

A new gym is coming to downtown Jersey City after leasing 5,000 square feet at the base of a luxury condominium building, under a deal arranged by Grid Real Estate.

Top News
Experts: Office conversions offer potential for supply-starved lab users, despite challenges

A biopharmaceutical firm’s plan to create a high-profile laboratory and headquarters space at a Warren office campus could be a sign of things to come in the state’s undersupplied life sciences market — despite the complexity of such a project and the challenges in finding a match.

Community
‘Cornhole for a Cause’ charity tournament slated for May 4, seeking to raise $100,000

A charity cornhole tournament with strong ties to the state’s commercial real estate industry is marking its return, seeking to raise more than $100,000 for two organizations.

Residential & Mixed Use
Walters launches preleasing at new 25-unit affordable housing property in Montvale

Walters has launched preleasing at what will be a new 25-unit, income-restricted apartment property in Montvale, the developer announced this week.

Health Care & Education
Primary care practice takes 5,000 sq. ft. in Edgewater, NAI Hanson says

A growing primary care practice is expanding to Edgewater after leasing 5,000 square feet of medical office space, in a newly announced deal by NAI James E. Hanson.