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

Unity Bank debuts 1,900 sq. ft. Fort Lee branch

Unity Bank has opened its 20th branch with a new full-service location in Fort Lee, increasing its service footprint and boosting its retail presence in Bergen County.

Retail

Convenience store takes 3,300 sq. ft. in Middlesex, Boniakowski says

A convenience store operator has leased a 3,250-square-foot, freestanding building in Middlesex Borough, in a deal arranged by The Boniakowski Commercial Real Estate Group.

Finance & Capital Markets

Kennedy Funding closes $3.7 million land loan to developer in Peru’s eighth-largest city

Kennedy Funding has closed a land loan that will help a developer advance a mixed-use project in northwestern Peru, the Englewood-based direct private lender announced.

Office

Birch Group, Hospital for Special Surgery ink 40,000 sq. ft. office lease in Paramus

The Birch Group has leased more than 40,000 square feet of office space in Paramus to the Hospital for Special Surgery, in one of five newly announced deals by Cushman & Wakefield.

Senlac rebrands as GreenBarn Investment Group, adds Schonbraun as managing partner

The Morristown-based firm known as Senlac Ridge Partners is now GreenBarn Investment Group, while it has added a commercial real estate industry veteran as a managing partner.

Residential & Mixed Use

Team behind Hoboken’s ‘Wonder Lofts’ opens new ground-up condo building

A development team has unveiled a new condominium building across from Hoboken’s Wonder Lofts, a historic industrial building that’s now home to dozens of upscale residences.

Professional Services

Kislak honors top producers in sales, leasing categories during annual awards program

The Kislak Co. Inc. highlighted four of its top producers recently during its annual awards program, where it also marked a year with more than $1 billion in total sales volume.

Health Care & Education

CBRE: Vacancy in New Jersey lab, R&D space ticks down, with large users still in the market

The stock of available life sciences space in New Jersey continues to shrink, despite some headwinds, following strong activity in 2022 and what’s likely to be ongoing demand.

Deals

NAI Hanson inks sale of parking lot, would-be development site in downtown Newark

A prospective developer has acquired a parking lot in Newark’s growing Lincoln Park neighborhood, in a recent deal by NAI James E. Hanson.

Industrial

Reusable grocery bag maker takes 11,000 sq. ft. in Somerset, BRC says

A maker of reusable grocery bags has leased 11,000 square feet of warehouse space in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.