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.

Health Care & Education
Historic Newark church sold for $2.5 million, slated to become charter school

A charter school has purchased a historic church building and two adjoining structures in Newark for $2.5 million, in a deal arranged by Coldwell Banker Realty.

Industrial
Turnbridge, Long Wharf sell Newark logistics complex for $128 million

Turnbridge Equities and Long Wharf Capital have sold a three-building, 738,000-square-foot industrial complex in Newark for nearly $128 million, the firms announced Tuesday.

Government & Public Policy
Fulop says he won’t seek re-election as Jersey City’s mayor in 2025

Jersey City Mayor Steven Fulop is serving his last term in a post he has held for nearly a decade, he announced Tuesday, in a tenure that has seen the city’s development boom continue in earnest and spread increasingly to neighborhoods beyond the Hudson waterfront.

Professional Spotlight
Day Pitney real estate, land use lawyer in New Jersey named partner

An attorney with Day Pitney LLP’s real estate and land use team in New Jersey is now a partner, in one of 11 newly announced promotions across the firm’s East Coast offices.

Retail
Jeffrey Realty to lead North Jersey site selection for growing med spa concept

A franchisee group for VIO Med Spa has tapped Jeffery Realty as its real estate broker for northern New Jersey, as it prepares to open the chain’s first location in the Garden State.

Office
Metal supplier inks 7,000 sq. ft. office lease in Somerville, Deluccia says

A global supplier of ores, metals and alloys has taken more than 7,000 square feet at an office building in downtown Somerville, according to the Deluccia Commercial Group.

Office
Newmark inks new leases, renewal at Bloomfield office park totaling 40,000 sq. ft.

A maker of high-end fitness equipment has leased more than 15,000 square feet of office space in Bloomfield, in one of several newly announced deals by Newmark.

Government & Public Policy
Lions Gate awarded EDA ‘Studio Partner’ designation, boosting tax credit eligibility

Lions Gate Films Inc. has secured a key designation by the state Economic Development Authority, allowing it to secure additional incentives in connection with a sprawling studio complex that’s now under construction in Newark.

Residential & Mixed Use
Jersey City building with 18 apartments, commercial spaces trades for $4.3 million

A private investor has sold an 18-unit apartment building in Jersey City for nearly $4.3 million, brokers with Marcus & Millichap announced last week.

Professional Services
NAI Fennelly rebrands as Fennelly Associates

NAI Fennelly, the longtime commercial real estate services firm based in Hamilton, has announced its rebrand to Fennelly Associates.