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.

Office
Somerset kicks off construction for 72,000 sq. ft. flexible workplace hub at Bell Works

Somerset Development has started its buildout of a new 72,000-square-foot facility in Holmdel that it hopes will provide flexible workplace options to medium-sized businesses.

Retail
Fitness, training center expanding to 14,000 sq. ft. in Hamilton, R.J. Brunelli says

A fitness and personal training facility has signed a lease to expand its footprint in Hamilton, in one of several newly announced deals by R.J. Brunelli & Co. LLC.

Retail
Plasma center takes 11,000 sq. ft. at Edison retail center, Goldstein Group says

A plasma donation center is backfilling a former Rite Aid store in Edison, in the largest of several new leases announced by The Goldstein Group.

Industrial
BRC inks 5,000 sq. ft. industrial lease in Somerset

An industrial user has leased 5,000 square feet in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Monday.

Retail
LMC: Optimum store leases 1,100 sq. ft. at Bridgewater shopping center

A new Optimum retail store is coming to a 219,000-square-foot shopping center in Bridgewater, according to a leasing team with Levin Management Corp.

Industrial
Greek eyes new industrial space at iconic Nabisco plant in Fair Lawn

Greek Development plans to build new industrial space at the site of the landmark Nabisco plant in Fair Lawn, following its recent purchase of the property for nearly $147 million.

Finance & Capital Markets
C&W: Birch Group lands $31 million acquisition loan for Parsippany office building

The Birch Group has secured more than $31 million in financing for its purchase of a nearly 266,000-square-foot office building in Parsippany, in a deal arranged by Cushman & Wakefield.

Professional Services
Lee & Associates New Jersey names youngest-ever partner

A broker with Lee & Associates New Jersey is now a partner, making him the youngest agent to ascend to the position with the firm.

Retail
Marcus inks sale of 17,000 sq. ft. retail center in Hazlet

Marcus & Millichap has negotiated the sale of Union Avenue Plaza, a Quick Check-anchored retail center in Hazlet.

Retail
LMC: Fast-casual seafood chain takes 2,000 sq. ft. at Jersey City shopping center

Snap Back by Hook & Reel — a fast-casual version of the Hook & Reel Cajun Seafood and Bar concept — has leased about 2,000 square feet at a Jersey City shopping center.