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
Prism debuts two new apartment buildings at 252-unit Dunellen project

Prism Capital Partners has completed two additional buildings at a luxury residential development across from the Dunellen train station.

Health Care & Education
Deluccia: Social services provider takes 6,000 sq. ft. for new Bridgewater facility

A facility serving individuals with developmental and related disabilities has leased 6,000 square feet along Route 22 in Bridgewater, according to Deluccia Commercial Group.

Hospitality & Tourism
Veris sells Port Imperial hotels for $97 million, completing exit from hospitality sector

Veris Residential Inc. has completed its exit from the hotel business after selling two Weehawken properties for a combined $97 million, the company announced this week.

Office
C&W details 117,000 sq. ft. in new leases, renewals at Opal portfolio in Metropark

An accounting firm has extended its nearly 31,000-square-foot lease in Woodbridge, in one of several newly announced deals in Opal Holdings’ six-building office portfolio in the region.

Office
Matrix adds new food option, touts 37,000 sq. ft. in leasing at Newark Legal Center

Matrix Development Group has announced a flurry of new leasing activity at the office tower known as the Newark Legal Center, where it’s also welcoming a new café operator.

Retail
Cervelli marketing 2,900 sq. ft. restaurant, retail space at new Jersey City building

A developer has hired Cervelli Real Estate as its leasing agent for a soon-to-be-complete restaurant and retail space in Jersey City’s McGinley Square neighborhood.

Office
Fennelly inks sale of 3,400 sq. ft. Hamilton medical office building

A private investor has purchased a 3,400-square-foot medical office building in Hamilton, in a newly announced deal by Fennelly Associates.

Editor’s Note
Growth story

As you’ll read in this month’s cover story, Accurate has been prolific in filling its development pipeline, moving decisively to secure new projects in the state and elsewhere. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including more than 4,000 units in Newark, where it’s leading the sweeping redevelopment of the former Riverfront Stadium property.

Office
Connell begins demolition for planned food hall, event space at The Park in Berkeley Heights

A plan to bring a new food hall and event space to The Park in Berkeley Heights is underway, in the latest step by The Connell Co. to reinvent the 185-acre business and lifestyle campus.

Retail
JLL seeking buyer for 754,000 sq. ft. regional mall in East Brunswick

The owner of the Brunswick Square mall in East Brunswick is seeking a buyer for the nearly 755,000-square-foot property, in a newly announced offering by JLL.