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.

Health Care & Education
‘The Hub’ in New Brunswick eyes groundbreaking with higher ed, health care partners in tow

The first piece of a long-awaited research, business and retail campus in downtown New Brunswick is slated to break ground next summer after securing commitments from four of the state’s largest institutions in health care and higher education.

Top News
Arthur Imperatore Sr., NY Waterway founder and key figure in Gold Coast rebirth, dies at 95

Arthur E. Imperatore Sr., the pioneer of Hudson River commuter ferry service and a central figure in the transformation of northern New Jersey’s Gold Coast, has died at age 95.

Finance & Capital Markets
JLL: Builder of Somerset apartments refinances for $12 million

A developer has secured a $12 million loan in connection with a new 61-unit apartment building in the Somerset section of Franklin, brokers with JLL announced Thursday.

Office
Two new leases bring Morristown office building to full occupancy, Transwestern says

A boutique office building in Morristown has reached full occupancy after the completion of two long-term leases by Transwestern Real Estate Services.

Industrial
Logistics firm takes 59,000 sq. ft. in Salem County

A logistics and moving company has leased nearly 60,000 square feet at a Salem County industrial building, in a deal arranged by Lee & Associates of Eastern Pennsylvania.

Industrial
Buyer wanted for 60,400 sq. ft. Meadowlands industrial building

The owner of a 60,400-square-foot light industrial building in the Meadowlands is seeking a buyer, in a newly announced offering by JLL’s New Jersey team.

Office
Sanzari announces promotion to support leasing, marketing team

Alfred Sanzari Enterprises has bolstered its leasing team with a promotion of one of its recent hires.

Finance & Capital Markets
Joint venture secures $30 million acquisition loan for Florham Park office building, JLL says

The recent buyers of a nearly 230,000-square-foot office building in Florham Park have landed $30 million in financing, according to brokers who arranged the transaction.

Retail
Soloff tapped to market new retail, medical development in Gloucester County

The developers of a planned retail and medical complex in Gloucester County have picked Soloff Realty and Development Inc. as their leasing agent at the property.

Office
Printing equipment maker inks 34,000 sq. ft. lease, moves headquarters to Parsippany

A global printing equipment company has moved its North American headquarters to Parsippany, where it’s leasing nearly 35,000 square feet as part of a newly announced transaction by Avison Young.