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
Escape room takes 2,300 sq. ft. in Toms River, bringing shopping center to full occupancy

A shopping center in Toms River is fully leased after a recent 2,325-square-foot commitment by an escape room operator, according to brokers with Florham Realty.

Health Care & Education
Speech, language therapy business takes space at Eastampton apartment building

A speech and language therapy practice has signed a lease at the base of an apartment building in Burlington County, according to a broker with Vantage Commercial.

Residential & Mixed Use
Construction begins on new 125-unit Princeton apartment project, WinnCompanies says

WinnCompanies has broken ground on a $63 million project that will bring 125 luxury apartments to Princeton, with plans to expand a nearby park as part of the development.

Industrial
Petrucci, Solar Landscape energize new rooftop solar panels at Monroe industrial building

A new rooftop solar panel system at a Monroe industrial building is up and running, under a project by landlord J.G. Petrucci Co. Inc. and installer Solar Landscape.

Finance & Capital Markets
G.S. Wilcox sources $20 million construction loan for East Brunswick warehouse project

A developer has obtained a nearly $20 million construction loan for a roughly 147,000-square-foot industrial building in East Brunswick, in a deal arranged by G.S. Wilcox & Co.

Industrial
NAI Hanson: Marketing agency, moving from Fairfield, takes 22,000 sq. ft. in Mountain Lakes

A printing and marketing firm has leased more than 22,000 square feet of industrial space in Mountain Lakes, brokers with NAI James E. Hanson announced Thursday.

People
Larken promotes Dorell to director of design

Larken Associates has promoted Jillian Dorell to director of design, touting her role in several of the commercial real estate firm’s recent development projects.

Health Care & Education
Biotech firm takes 28,000 sq. ft. in Jersey City, plans move from Brooklyn with EDA tax credit

A biotechnology firm is moving from Brooklyn to Jersey City after being awarded a seven-year, $3.5 million tax credit under the Economic Development Authority’s Emerge program.

Office
JLL: Buyer wanted for Three Gateway in Newark, amid ongoing overhaul of iconic complex

Three Gateway Center, one of four buildings in Newark’s revamped Gateway complex and the home of more than 500,000 square feet of office space, is on the market for sale.

Government & Public Policy
Perth Amboy taps city native as executive director of redevelopment agency

The Perth Amboy Redevelopment Agency has named a lifetime city resident and longtime public servant as its new executive director.