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
Dermatologist takes 6,300 sq. ft. in Verona for second location, NAI Hanson says

A dermatologist is expanding its footprint in northern New Jersey with the completion of a nearly 6,300-square-foot lease in Verona, in a deal arranged by NAI James E. Hanson.

Retail
CBRE New Jersey team named leasing agent for brewery, restaurant company

A growing brewery and restaurant chain has tapped a New Jersey-based team with CBRE to spearhead its expansion across the U.S.

Residential & Mixed Use
Russo, Onyx unveil 376-unit rental property at Woodbridge redevelopment site (SLIDESHOW)

Russo Development and Onyx Equities have debuted the first piece of a new 376-unit luxury apartment complex near the site of a well-known office tower in Woodbridge.

Office
Veris inks 130,000 sq. ft. lease in Jersey City with collectibles authenticator, grader

Veris Residential Inc. has landed a major tenant at its flagship office campus in Jersey City, inking a 130,000-square-foot lease with the world’s largest authenticator for collectibles.

Residential & Mixed Use
Developer of new Jersey City rental building leases 300 units in three months

Renters have leased nearly half of a new 629-unit luxury apartment building in Jersey City, in a sign of growing demand in the municipality’s lesser-known West Side neighborhood.

Finance & Capital Markets
C&W sources $42.75 million acquisition loan for Logan industrial park

Cushman & Wakefield advised Stalwart Equities in securing nearly $43 million in acquisition financing for Logan Township Industrial Park, a 171.3-acre site in Logan Township.

Retail
JLL: Fairfield-based Lamar Cos. joins in $80 million purchase of Puerto Rico retail portfolio

A partnership that includes a Fairfield-based real estate firm has acquired four retail centers in Puerto Rico for more than $80 million, in a newly announced deal by JLL.

Top News
J.G. Petrucci completes expansion, community space for historic Paterson church

J.G. Petrucci Co. Inc. has completed a new 17,000-square-foot building in Paterson that will allow for the expansion of a church in the city’s Old Great Falls Historic District.

Office
Larken Associates, speech language center negotiate expansion in Princeton area

Larken Associates has negotiated an 830-square-foot lease expansion with Princeton Speech-Language & Learning Center at its Montgomery Commons office complex near Princeton.

Retail
Cigar shop picks first N.J. location, takes 1,500 sq. ft. at Sanzari-owned center in Hackensack

Mohegan Smoke Shop LLC has leased 1,540 square feet at Summit Plaza, an 88,000-square-foot retail complex in Hackensack owned by Alfred Sanzari Enterprises