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
Adoni buys 217,000 sq. ft. Basking Ridge office complex, C&W says

Adoni Property Group has acquired a nearly 217,000-square-foot office complex in Somerset County, with plans to add amenities to help lure new tenants to the property.

Retail
Marcus: Net-leased QuickChek gas, convenience store in Somerset trades for $7 million

A developer has sold the site of a net-leased QuickChek gas station and convenience store in Franklin Township for more than $7 million, in a deal arranged by Marcus & Millichap.

Retail
French bakery business takes 2,600 sq. ft. in Somerville, in Deluccia-brokered deal

A growing bakery chain has leased nearly 2,600 square feet in downtown Somerville, in a newly announced deal by Deluccia Commercial Group.

Residential & Mixed Use
Jersey City public housing complex to be rebuilt with 631 affordable, market-rate units

More than 600 new apartments and condominiums are coming to the site of an 80-year-old public housing complex in Jersey City, officials said, under a plan that would include both lower-income and market-rate units and a new branch of the city’s public library.

Industrial
Greek details 287,000 sq. ft. Philly warehouse project, fast-growing development pipeline

Greek Development has expanded its footprint to Philadelphia, with plans to build nearly 300,000 square feet of new industrial space, after one of several recent acquisitions and as part of a development pipeline that currently calls for more than 2.5 million square feet.

Retail
Starbucks, Jersey Mike’s among new retailers at Hackensack’s Print House, NAI Hanson says

Starbucks and Jersey Mike’s are coming to a mixed-use community at the former Bergen Record site in Hackensack, joining previously announced retail tenants such as Blue Foundry Bank and Hackensack Meridian Health at the River Street property.

Retail
Livingston retail, office property trades for $5.2 million, C&W says

A buyer has paid $5.2 million for a Livingston property with more than 27,000 square feet of retail and office space, brokers with Cushman & Wakefield announced.

Professional Services
Studio 1200 promotes residential, mixed-use team leader Tarquinio to principal

Studio 1200 has promoted the head of its residential and mixed-use teams to principal, the Short Hills-based architecture and interior design firm announced.

Sponsored Content
Maximizing value through placemaking

Thoughtful placemaking executed with the proper design strategies creates a vibrant, authentic sense of place offering value through rental and occupancy premiums and allows for real estate to evolve and meet current sustainable lifestyles. More than just mixed-use developments, successful placemaking projects seek to attract people, make them feel comfortable and activate the built environment in ways that encourage them to stay or return. Today’s residents, office tenants, retail patrons and pedestrians desire an integrated living, working, learning and shopping environment that is intentionally planned to create places that foster community and neighborhood growth.

Residential & Mixed Use
KRE, Russo launch leasing at final piece of sprawling luxury rental complex in Rockaway

Kushner Real Estate Group and Russo Development have unveiled the final piece of a new 345-unit luxury apartment complex in Rockaway Township, the firms announced.