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
Sanzari inks 3,100 sq. ft. renewal in Elmwood Park with logistics, product support firm

A logistics and product support firm is staying in place at an Elmwood Park office building after a lease renewal with Alfred Sanzari Enterprises, the landlord announced Tuesday.

Office
JLL: Six-building, 517,000 sq. ft. office park near Princeton on the market for sale

A six-building office park outside Princeton is on the market for sale, offering more than 500,000 square feet with value-add potential in one of the state’s top submarkets.

Residential & Mixed Use
Woodmont launches leasing at 120-unit rental property in Warren County

Woodmont Properties has launched leasing for the first phase of what will be 120 new upscale apartments in the Warren County township of Independence.

Retail
Urban Edge inks 17,000 sq. ft. lease, bringing new UFC Fitness concept to Woodbridge

A new UFC Fitness concept has taken nearly 17,000 square feet at a Woodbridge shopping center, under a newly announced lease with Urban Edge Properties.

Professional Services
Gensler names new co-head of retail studio in Morristown

Gensler has added a new co-director to its Morristown-based retail studio.

Residential & Mixed Use
Halpern tops out 337-unit rental project on Jersey City’s West Side, eyes leasing at year-end

Halpern Real Estate Ventures is on track to launch leasing late this year at a new 337-unit luxury apartment building in Jersey City, where it recently marked a construction milestone.

Industrial
Sitex adds properties in Edison, Rutherford amid continued thirst for deals in 2023

Sitex Group has added to its New Jersey industrial portfolio in 2023, completing more than $250 million in new transactions in some of the state’s most in-demand submarkets.

Office
Splendor revamps office in downtown Red Bank, remaining bullish on commercial real estate

Creative agency Splendor has unveiled a newly renovated and expanded office in Red Bank to support its growing client base, including a roster of prominent commercial real estate firms.

Government & Public Policy
DIGroup to lead $33 million public school update in Springfield

The Springfield Township school district has tapped DIGroup Architecture to spearhead a series of facility upgrades, following a vote by residents to support a $32.9 million bond issue.

Community
JMF details charitable, community service projects alongside robust development pipeline

JMF Properties is highlighting a focus on charity and community-building alongside a host of recent and upcoming development projects in New Jersey.