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.

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.

Industrial
New 191,000 sq. ft. industrial building coming to Route 1 in North Brunswick, C&W says

The developer of what will be nearly 200,000 square feet of new industrial space in North Brunswick has tapped Cushman & Wakefield to lease the property.

Residential & Mixed Use
Marcus inks sale of 15-unit Union City apartment building for $4.8 million

A seller has reaped nearly $5 million in the trade of a 15-unit apartment building in Union City, in a deal arranged by Marcus & Millichap.

Professional Services
JLL boosts tristate appraisal group with acquisition of Metropolitan Valuation Services

JLL has acquired Metropolitan Valuation Services, one of the region’s largest independent commercial property appraisal and real estate consulting firms, with an eye toward bolstering its in-house team amid a looming shift in real estate values.