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
Birch Group, financial firm ink 20,000 sq. ft. office lease in Short Hills

A financial services firm has leased nearly 20,000 square feet of office space in Short Hills, becoming the latest tenant at a recently sold and soon-to-be upgraded cluster of buildings.

Health Care & Education
Thor Equities, RWJBarnabas sign first lease at new-look Jersey City building

Thor Equities Group has inked its first deal at a repurposed life sciences building in Jersey City, securing an 11,000-square-foot lease with the state’s largest hospital network.

Industrial
Childcare center takes 6,300 sq. ft. at Larken business park in Hillsborough

Larken Associates has lured another tenant to its sprawling business park in Hillsborough, signing a nearly 6,300-square-foot lease with a childcare center.

Professional Services
Underwriter rejoins Eastern Union team in Howell

Eastern Union has announced the hiring of a former broker on it team, who returns to the commercial real estate finance firm as a senior underwriter in its Howell office.

Industrial
Peloton leads Q3 industrial deals with 840,000 sq. ft. lease in Linden, CBRE says

Peloton Interactive has leased 840,000 square feet at a new logistics park in Linden, leading the way among tenants as the state’s industrial market continued to thrive in the third quarter.

Residential & Mixed Use
NJBA leaders: Outlook for organization, industry strong despite challenges to housing supply

The Atlantic Builders Convention wraps up Wednesday, as the popular conference marks its return to Atlantic City after last year’s cancellation due to the pandemic. Below is part two of our conversation with Jeff Kolakowski, the CEO of the New Jersey Builders Association, and Josh Mann, the association’s board president.

Retail
JLL: Bakery chain leasing 2,300 sq. ft. in Newark for third New Jersey location

A well-known bakery is expanding its footprint in New Jersey, inking a new 10-year lease for a retail location in downtown Newark.

Industrial
Two-building warehouse complex in Manalapan trades for $5 million

An investor has acquired a two-building industrial complex in Monmouth County for nearly $5 million, according to a brokerage team with Sheldon Gross Realty.

Industrial
NAI Fennelly inks sale of 23,000 sq. ft. Trenton industrial building

A private buyer has purchased a nearly 23,000-square-foot industrial building in Trenton, under a newly announced transaction by NAI Fennelly.

Top News
Housing supply, affordability back in focus as Atlantic Builders Convention returns

The New Jersey Builders Association is set to welcome thousands of homebuilders, service providers and vendors to Atlantic City from Oct. 11 to 13 for the Atlantic Builders Convention, the largest building industry tradeshow in the Northeast, after an 18-month hiatus.