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
Diversified, Fidelco launch leasing at 263-unit second phase of Union multifamily project

A development team has unveiled its next phase of luxury apartments in Union Township, where plans call for another 263 units after the project’s initial debut in 2018.

Industrial
Thor acquires 330,000 sq. ft. Passaic warehouse for $52 million

Thor Equities Group has acquired a fully leased, 330,000-square-foot industrial building in Passaic for $52 million, as it touts continued investment in the asset class and the region.

Office
SJP, biopharma firm ink new 20,000 sq. ft. lease at Bridgewater office campus

A biopharmaceutical company is relocating its New Jersey office after signing a new 20,000-square-foot lease in Bridgewater with SJP Properties.

Retail
Asian hot pot, barbeque chain takes 10,000 sq. ft. in Neptune, Azarian says

A restaurant that blends Asian hot pots with Korean barbeque has leased 10,000 square feet at a Monmouth County shopping center, in a newly announced deal by Azarian Realty Co.

Residential & Mixed Use
Veris Residential brings electric vehicle charging stations to 750-unit Jersey City high-rise

Veris Residential Inc. has unveiled a partnership that has brought two dozen electric vehicle charging ports to a newly built, 750-unit apartment tower in downtown Jersey City.

Retail
Popeyes, Just Salads take space at Route 23 shopping center, Goldstein Group says

Two national restaurant chains have leased a combined 4,800 square feet at a Passaic County shopping center, in a set of deals arranged by The Goldstein Group.

Professional Services
Acclaimed Saw Mill River ‘daylighting’ project by PS&S featured by National Geographic

A signature project by PS&S, the Warren-based professional services firm, is garnering new recognition in the latest issue of National Geographic magazine.

Industrial
C&W: Sitex Group sells five-building, 114,000 sq. ft. light industrial portfolio in Orange

Sitex Group has sold a nearly 114,000-square-foot portfolio of light industrial buildings in Orange, directly north of Interstate 280, in a transaction arranged by Cushman & Wakefield.

Office
TSA leases 47,000 sq. ft. in new direct lease at Union Twp. office building

The Transportation Security Administration has taken 47,000 square feet in Union Township as part of an expansion at a soon-to-be-upgraded office building, brokers with JLL announced.

Office
Bracelet maker expands by 7,000 sq. ft. at Mountainside office park, NAI DiLeo-Bram says

A custom bracelet retailer has leased nearly 7,000 square feet to expand its footprint at a Union County business park, under a deal arranged by NAI DiLeo-Bram & Co.