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.

Residential & Mixed Use
Cervelli closes sale of 16-unit North Bergen apartment building to 1031 investor

An investor has purchased a 16-unit apartment building in North Bergen for nearly $2.6 million, in a deal arranged by Cervelli Real Estate and Property Management.

Residential & Mixed Use
Marcus: New construction poised to flood North Jersey rental market, but vacancy to remain tight

A surge of new supply is coming to northern New Jersey’s apartment market, with some 12,000 units slated to be delivered this year in a region with one of the country’s lowest vacancy rates.

Office
Japanese pharma firm opens new 80,000 sq. ft. North American headquarters near Princeton

A global pharmaceutical maker has unveiled its new North American headquarters outside Princeton, where it leases nearly 80,000 square feet that will house some 300 employees.

Health Care & Education
New video shows construction progress, research space at New Brunswick cancer center project

The team behind what will be the state’s first freestanding cancer hospital is offering a new look at the progress of the project in downtown New Brunswick — as well as a preview of one of the building’s most critical components.

Health Care & Education
Urgent care clinic takes 3,500 sq. ft. in Englewood for newest Bergen County location

A chain of urgent care clinics has found a new location in Englewood as part of an ongoing expansion in Bergen County, according to a brokerage team with NAI James E. Hanson.

Office
Nonprofit expands with new 1,900 sq. ft. lease in downtown Newark, Blau & Berg says

A nonprofit that supports minority entrepreneurs has leased nearly 2,000 square feet of office space in downtown Newark, in a newly announced deal by The Blau & Berg Co.

Retail
Azarian: Smoothie, juice bar takes final space at Fairfield shopping center

A shopping center in Fairfield is fully leased after a new 1,500-square-foot commitment by a smoothie and juice bar, under a deal arranged by Azarian Realty Co.

Finance & Capital Markets
JLL: Kaplan snags $47 million loan from Nuveen for new senior housing in North Brunswick

The Kaplan Cos. has landed $47 million in financing for a 222-unit active adult community in North Brunswick that the firm unveiled just over a year ago, in a deal arranged by JLL.

Residential & Mixed Use
Reynolds completes 103-unit rental property in Orange arts district

Reynolds Asset Management has completed a new 103-unit apartment building in Orange after redeveloping the former longtime site of a hardware store in the city’s Valley Art District.

Industrial
Seagis completes new 8,700 sq. ft. lease at Carteret industrial building, BRC says

Seagis Property Group has secured a new tenant after leasing nearly 8,700 square feet at a Carteret industrial building, brokers with Bussel Realty Corp. announced this week.