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
Lawn Buddies takes 3,500 sq. ft. at Somerville retail building, BRC says

A lawn care company is adding a location in central New Jersey after leasing 3,500 square feet of retail space in Somerville, brokers with Bussel Realty Corp. said Monday.

Residential & Mixed Use
Adoni joins Franklin Lakes mayor to open new 52-unit luxury rental building

Local officials in Franklin Lakes joined Adoni Property Group recently to mark the opening of the firm’s new 52-unit luxury apartment building in the borough.

Office
Onyx lands 290,000 sq. ft. lease in Summit for J&J consumer health spinoff headquarters

Johnson & Johnson’s highly anticipated consumer health spinoff is leasing 290,000 square feet of office and laboratory space in Summit, in a deal that will activate a campus recently acquired by Onyx Equities.

Office
Three tenants combine for 7,500 sq. ft. at Teaneck office building, CBRE says

The owner of a Teaneck office building has signed three new leases totaling more than 7,500 square feet, in a series of newly announced deals by CBRE.

Retail
LMC: Salon studio takes 12,000 sq. ft. at Somerset Shopping Center in Bridgewater

A salon studio business is expanding in New Jersey with a new 12,000-square-foot lease at a Bridgewater shopping center, according to a team with Levin Management Corp.

Office
Vantage Commercial: 3PL firm takes 5,800 sq. ft. for new Glassboro headquarters

A third-party logistics firm has leased nearly 5,800 square feet of office space near Rowan University in Glassboro, according to a brokerage team with Vantage Commercial.

Retail
Grid: Fitness chain takes 5,000 sq. ft. at Jersey City condo building

A new gym is coming to downtown Jersey City after leasing 5,000 square feet at the base of a luxury condominium building, under a deal arranged by Grid Real Estate.

Top News
Experts: Office conversions offer potential for supply-starved lab users, despite challenges

A biopharmaceutical firm’s plan to create a high-profile laboratory and headquarters space at a Warren office campus could be a sign of things to come in the state’s undersupplied life sciences market — despite the complexity of such a project and the challenges in finding a match.

Community
‘Cornhole for a Cause’ charity tournament slated for May 4, seeking to raise $100,000

A charity cornhole tournament with strong ties to the state’s commercial real estate industry is marking its return, seeking to raise more than $100,000 for two organizations.

Residential & Mixed Use
Walters launches preleasing at new 25-unit affordable housing property in Montvale

Walters has launched preleasing at what will be a new 25-unit, income-restricted apartment property in Montvale, the developer announced this week.