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.

Retail
Azarian, Primo Hoagies sign lease for 2,000 sq. ft. end cap space in Allendale

Azarian Realty Co. has leased the 2,008-square-foot end cap at Allendale Town Center, a 90,000-square-foot shopping center in Bergen County, to Primo Hoagies.

Residential & Mixed Use
Developers release new $3 million penthouses at Hoboken’s Wonder Lofts

The developers of the distinctive Wonder Lofts condominium project in Hoboken have unveiled a pair of luxury penthouses starting at nearly $3 million.

Industrial
Thor acquires Bogota development site, plans 150,000 sq. ft. industrial project

Thor Equities Group has unveiled plans to build a new 150,000-square-foot industrial building in Bergen County, eyeing further expansion of its platform in northern New Jersey.

Office
Keystone, Summit Health sign 71,000 sq. ft. office lease in Fair Lawn

Summit Health has leased more than 70,000 square feet for a new medical hub in Bergen County, taking space at a renovated building owned by Keystone Development + Investment.

Retail
REIT acquires Old Bridge site for new 355,000 sq. ft. retail center, Goldstein Group says

The Brunetti Organization has sold more than 30 acres along Route 9 in Old Bridge, where plans call for building a new 355,000-square-foot retail center anchored by ShopRite and Target.

Industrial
AY: Boston private equity firm completes 135,000 sq. ft. sale-leaseback in Parsippany

Boston-based Longpoint Realty Partners LP has completed a sale-leaseback in Parsippany, adding more than 135,000 square feet to its New Jersey portfolio.

Office
Somerset office building trades for $7.5 million, Marcus says

The longtime owner of a nearly 90,000-square-foot office building in Franklin Township has sold the property for $7.5 million, brokers with Marcus & Millichap said Monday.

Professional Services
CBRE adds veteran New Jersey industrial broker as executive vice president

CBRE has announced a new addition to its team of New Jersey industrial brokers.

Finance & Capital Markets
Bedminster medical office owner refis for $8.1 million, JLL says

The owner of a nearly 40,000-square-foot medical office building in Bedminster has refinanced the property for $8.1 million, under a newly announced transaction by JLL.

Office
Lee & Associates New Jersey inks office sale, retail lease in Bergen County

A religious organization has purchased a 2,650-square-foot office building in Fair Lawn, in one of two newly announced deals by Lee & Associates New Jersey.