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
Steel frame complete for new 229,000 sq. ft. RWJ medical pavilion in New Brunswick

A new ambulatory medical pavilion in New Brunswick is on track to open by mid-2023 after stakeholders this week marked the completion of the building’s 15-story steel frame.

Industrial
Marcus Partners adds 200,000 sq. ft. with purchase of South Plainfield warehouse site

Boston-based Marcus Partners has acquired a two-building, 200,000-square-foot warehouse property on 17 acres in South Plainfield.

People
Denholtz Properties names regional manager to oversee growing multifamily portfolio

Denholtz Properties has named Kayte Peters as multifamily regional manager to help support the continued expansion of its national portfolio in the asset class.

Retail
R.J. Brunelli details new Dollar Tree, Family Dollar combo stores in Ocean, Middlesex

Dollar Tree and sister chain Family Dollar have secured two of their first combination locations in New Jersey, according to a leasing team with R.J. Brunelli & Co.

Retail
Grocery store takes 2,800 sq. ft. at Bergenfield strip center, NAI Hanson says

NAI James E. Hanson has negotiated a 2,800-square-foot lease to bring a supermarket to a newly renovated retail space in Bergenfield, taking the property to full occupancy.

Office
Newmark: Bridgewater office building, home to biopharma firm HQ, trades for $39 million

An investment manager has sold a newly renovated, 117,000-square-foot office building in Bridgewater that serves as the headquarters of a global biopharmaceutical company.

Government & Public Policy
Solar Landscape, Extra Space Storage usher in next round of state renewable energy program

Solar energy developer Solar Landscape has completed a new installation atop a self-storage complex in Monmouth County, while marking a milestone in a key state program.

Residential & Mixed Use
Hudson Atlantic touts $200 million in first half volume after sales totaling more than 1,000 units

Brokerage firm Hudson Atlantic Realty is marking more than $200 million in transaction volume in the first half of 2022, having arranged the sale of more than 1,000 apartments across 11 deals.

Office
Boniakowski inks two leases for 2,300 sq. ft. at Union Twp. office building

Two tenants have leased a combined 2,300 square feet of office space in Union Township, in a set of newly announced deals by The Boniakowski Commercial Real Estate Group.

Finance & Capital Markets
G.S. Wilcox closes $9.5 million refi for 81,000 sq. ft. retail center

The owner of an 81,000-square-foot, grocery-anchored shopping center on Long Island has refinanced for $9.5 million, in a deal arranged by G.S. Wilcox & Co.