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.

Industrial
Urban Edge leases 286,000 sq. ft. at East Hanover industrial park

Urban Edge Properties has leased more than 286,000 square feet of industrial space in East Hanover after securing new long-term commitments from two tenants.

Retail
JLL: Middle Eastern-themed quick-service eatery takes 3,000 sq. ft. in Jersey City

A quick-service Middle Eastern restaurant is coming to Jersey City after leasing 3,000 square feet at the base of a waterfront office building, according to a broker with JLL.

Finance & Capital Markets
Prime City, Manasquan Bank ink $7.5 million construction loan for Long Branch rental project

A developer has closed on $7.5 million in construction financing for a 31-unit apartment building in Long Branch, with a groundbreaking set to take place next month.

Photos
Inaugural ‘Deals & Dollars’ networking event draws 350 top CRE professionals

A new networking series for New Jersey’s commercial real estate sector is off to a fast start, having drawn more than 350 industry professionals to a recent event in Jersey City.

Office
Inspired by Somerset Development launches third-party buildout, tenant improvement arm

The developer behind the acclaimed Bell Works campus in Holmdel has launched a third-party design and construction business, seeking to draw from its experience of building flexible, modern office spaces at the 2 million-square-foot property.

Industrial
Link, GXO Logistics ink 611,000 sq. ft. industrial lease in South Brunswick

A logistics firm has leased 611,000 square feet at a soon-to-be-updated industrial building in South Brunswick, in a newly announced deal by Lee & Associates New Jersey.

Residential & Mixed Use
Accurate breaks ground on 325-unit rental project in Parsippany

Accurate has started construction on a project that will bring 325 new apartments to a 26-acre site in Parsippany, adding to its fast-growing residential portfolio in the region.

Retail
New York investor buys 10,000 sq. ft. Short Hills strip center, Marcus says

A private investor has purchased a strip center in the Short Hills section of Millburn for $7 million, according to brokers with Marcus & Millichap.

Residential & Mixed Use
Fields Grade, Slokker unveil 109-unit second phase of The Mint in Rahway

Fields Grade and The Slokker Group have launched leasing at the second piece of a new luxury apartment development in downtown Rahway, the firms announced Monday.

Government & Public Policy
Newark issues RFQ for builders, nonprofits for new equitable growth housing initiative

The city of Newark has issued a call for experienced contractors, developers and nonprofits for a new program to make housing more affordable and, in the process, expand opportunities for minority- and women-owned firms in real estate.