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
Life sciences firm takes 27,000 sq. ft. at Princeton-area office building, CPN says

A contract research organization has leased nearly 27,000 square feet of office space in Plainsboro, in a newly announced deal by Commercial Property Network Inc.

People
Blau & Berg promotes Meade to senior associate

A broker with The Blau & Berg Co. has earned a promotion to senior associate.

Health Care & Education
AFC franchise team opens in Clark, eyes next urgent care location in Livingston

An AFC Urgent Care franchise has added new locations in Clark and Livingston, leasing a combined 8,000 square feet under a set of transactions by The Goldstein Group.

Office
Leasing slowdown, consolidations weigh on New Jersey office market, despite Class A deals

Office vacancy in northern and central New Jersey continued upward in early 2023, driven by a slowdown in leasing and large blocks of space flooding the market, even as high-end buildings remained a draw for tenants seeking a more modern work environment.

Residential & Mixed Use
Kokes, expanding to affordable housing, tapped to manage West Windsor rental property

Kokes Properties is expanding its presence in affordable housing with a new property management role at a 61-unit, income-restricted multifamily complex in West Windsor.

Office
Signature inks renewals with law firms in Parsippany, with Q1 deals totaling 29,000 sq. ft.

A regional law firm has renewed its nearly 8,600-square-foot lease for office space in Parsippany, in the largest of several newly announced deals by Signature Acquisitions.

Retail
Cannabis shop leases 1,000 sq. ft at new Somerset apartment building, BRC says

A recreational cannabis dispensary has taken 1,000 square feet at the base of a new apartment building in Franklin, brokers with Bussel Realty Corp. announced Monday.

Residential & Mixed Use
Accurate: First renters arrive at new luxury apartment building in Bound Brook

Accurate has welcomed the first residents at Citizen Bound Brook, the developer’s new 105-unit luxury apartment building in the Somerset County borough.

Industrial
Hartz, event technology firm ink 46,000 sq. ft. industrial lease in Secaucus, Newmark says

A technology firm serving the global events industry has signed a new 46,000-square-foot industrial lease in Secaucus, in a newly announced deal by Newmark.

Finance & Capital Markets
JLL sources $35 million construction loan for latest Hampshire, Invesco warehouse project

Invesco Real Estate and The Hampshire Cos. have obtained a $34.5 million construction loan to build nearly 188,000 square feet of new industrial space in Bergen County.