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
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.

Residential & Mixed Use
Developers open sky lounge, roof terrace among new amenities at Rahway rental project

A development team has unveiled a series of new amenities for residents at a multiphase, 225-unit luxury apartment complex in downtown Rahway.

Industrial
Dermody acquires Somerset parcel slated for 152,000 sq. ft. warehouse project, C&W says

Dermody Properties has purchased a Franklin Township development site with approvals to build nearly 152,000 square feet of new industrial space, according to Cushman & Wakefield.

Residential & Mixed Use
South Jersey apartments change hands, as Gebroe-Hammer touts $182 million in Q1 deals

An investor has acquired some 230 apartments in and around southwestern New Jersey, capping off more than $182 million in first-quarter deals brokered by Gebroe-Hammer Associates.