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
Larken inks three new leases, hits full occupancy at Hillsborough office park

Larken Associates has leased up a five-building office complex in Hillsborough after three new deals totaling more than 4,000 square feet, the firm announced last week.

Retail
Italian eatery opens at Renaissance Properties’ mixed-use development in Chesterfield

Renaissance Properties has welcomed another retail tenant at its sprawling mixed-use development in Burlington County with the opening of an Italian restaurant.

Industrial
Developer eyes spring 2024 delivery for new 102,000 sq. ft. Somerset warehouse, BRC says

A developer has broken ground on a project that will add more than 100,000 square feet to Franklin’s fast-growing industrial market, brokers with Bussel Realty Corp. announced.

Industrial
Mertz: Bakery ingredients maker adds 433,000 sq. ft. in New Jersey, California deals

A growing maker of bakery ingredients has added nearly 433,000 square feet after a series of industrial deals in New Jersey and California, according to a broker with NAI Mertz.

Retail
LMC tapped to manage three additional shopping centers in New Jersey

Levin Management Corp. has added to its management portfolio in New Jersey with new assignments at three shopping centers totaling more than 450,000 square feet.

Industrial
Fennelly named leasing agent for 27,000 sq. ft. Trenton industrial building

The owner of more than 27,000 square feet of industrial space in Trenton has tapped Fennelly Associates to market the property for lease, the real estate services firm announced.

Residential & Mixed Use
Advance opens new luxury rentals in Harrison after preleasing 100 of 399 units (SLIDESHOW)

Advance Realty Investors has opened the doors to its newest luxury apartments in Harrison, having preleased a quarter of the 399-unit property known as The Wyldes.

Professional Services
Cushman names new co-heads of New Jersey multifamily team, add three veteran brokers

Cushman & Wakefield has fortified its team of multifamily investment sales brokers in New Jersey with the appointment of new co-leaders and the addition of three industry veterans.

Government & Public Policy
EDA approves $34 million in Aspire tax credits for Newark, Union City senior housing projects

Developers are poised to bring new affordable senior housing to Newark and Union City with the help of a combined $33.9 million in tax credits approved under the state’s Aspire program.

Office
Signature Acquisitions inks 20,000 sq. ft. renewal in Cranford to lead Q2 leasing activity

A national insurance agency has renewed its nearly 20,000-square-foot lease at a Parsippany office building, in one of several newly announced deals by Signature Acquisitions.