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.

People
Larken Associates promotes Kerr to director of commercial asset management

Larken Associates has elevated Jamie Kerr to director of commercial asset management, marking her latest promotion since joining the Branchburg-based team in 2020.

Finance & Capital Markets
JLL: Buyer of Newark’s Springfield Avenue Marketplace lands $23 million acquisition loan

The new owner of a grocery-anchored shopping center in Newark has closed on more than $23 million in acquisition financing, in a newly announced deal by JLL.

Residential & Mixed Use
District 15Fifteen in Parsippany welcomes first residents, as momentum builds for retail leasing

A major mixed-use development is taking shape along Route 10 in Parsippany, with residents now moving in and a flurry of leasing activity at the property’s retail space.

Retail
Edison shopping center with grocery anchor space sold for $24 million, Goldstein Group says

The site of a 120,000-square-foot shopping center in Edison has changed hands for $24 million, in a newly announced deal by The Goldstein Group.

Retail
Urban Edge, TruGolf ink 6,000 sq. ft. deal for new golf simulator, restaurant in Cherry Hill

Urban Edge Properties has signed a deal that will bring an indoor golf simulator and high-end restaurant concept to a grocery-anchored retail center in Cherry Hill.

Retail
Net-leased Mavis Discount Tire property trades for $3.49 million, Marcus says

A private investor has acquired a nearly 6,900-square-foot retail property in Toms River for some $3.5 million, brokers with Marcus & Millichap announced Monday.

Industrial
Turnbridge taps NAI Hanson to lease 613,000 sq. ft. Bayonne industrial complex

Turnbridge Equities has picked NAI James E. Hanson as its leasing team for more than 613,000 square feet of recently acquired industrial space in Bayonne.

Office
JLL seeking buyer for 41,000 sq. ft. high-end office building in downtown Morristown

A boutique office building in downtown Morristown, the home of a well-known national law firm since it was completed in early 2017, is on the market for sale.

Professional Services
Lambiase installed as IOREBA president alongside other 2025-26 board officers

The Industrial and Office Real Estate Brokers Association has welcomed its new slate of board officers for the next 12 months.

Health Care
Health care practice buys 14,000 sq. ft. medical office complex in West Orange, Newmark says

A regional medical practice has acquired a nearly 14,000-square-foot medical office complex in West Orange for $2 million, in a newly announced deal by Newmark Associates CRE.