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
Local buyer adds 12,000 sq. ft. Hammonton medical office complex, Vantage Commercial says

A local investor in Atlantic County has added to his portfolio with the purchase of five buildings with nearly 12,000 square feet of medical office space, according to the broker in the deal.

Industrial
Second logistics firm coming to Morris County property, leasing 844,000 sq. ft.

A logistics firm has leased more than 840,000 square feet of industrial space in Morris County, helping to backfill what was a sprawling Toys R Us facility that investors have repositioned.

Office
Investment group sells 400,000 sq. ft. Mount Laurel office portfolio for $51 million

An investment firm has sold five office buildings in Mount Laurel for $51 million, touting the completion of a value-add strategy at the nearly 400,000-square-foot portfolio.

Professional Services
Workplace interiors firm dancker acquires Maryland-based furniture dealer

Interior solutions firm dancker has acquired Arbee, a Maryland-based furniture dealer, expanding its reach in the Mid-Atlantic as well as its home state of New Jersey.

Retail
LMC: Indoor play center chain takes 14,000 sq. ft. in Jersey City

Levin Management Corp. has negotiated a 14,000-square-foot lease for Catch Air at Twin City Shopping Center in Jersey City, in the indoor play center’s third location in New Jersey.

Retail
NAI Hanson: Bubble tea chain inks first retail lease at Hackensack apartment building

Bubble tea chain Gong Cha has leased 1,050 square feet of retail space at the base of a newly renovated building in Hackensack, according to NAI James E. Hanson.

Residential & Mixed Use
Developers, city officials hail completion of 114-unit rental property in Jersey City

Developers gathered in Jersey City recently to mark the ongoing resurgence of the historic Bergen-Lafayette neighborhood, the site of a new 114-unit luxury apartment building that the firms delivered earlier this year.

Government & Public Policy
Hoboken approves redevelopment agreement with LCOR for high-profile terminal project

The long-awaited plan to improve Hoboken Terminal and build new apartments, office space and public amenities nearby took a key step forward this week with the city’s approval of a redevelopment agreement with LCOR, the firm that is spearheading the project.

Office
Newmark: Co-working firm comes to East Brunswick, inks lease at One Tower Center

A co-working provider has opened its doors in East Brunswick after leasing space at the newly renovated, 24-story One Tower Center building, brokers with Newmark announced.

Industrial
Greek unveils new corporate HQ, addition of 17 employees in 2022

Greek Development has announced the opening of a new corporate office in East Brunswick to accommodate a business that has doubled in size since late last year.