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
EDA: Party City would lease 209,000 sq. ft. in Woodcliff Lake with help of Emerge incentive

State officials have approved a nearly $10 million tax credit that would pave the way for Party City Holdings Inc. to lease more than 200,000 square feet of office space in Woodcliff Lake.

Residential & Mixed Use
Jersey City: Newly opened micro-apartment building hits the market for sale

A developer is seeking a buyer for a newly completed, 122-unit collection of so-called micro-apartments in Jersey City, in an offering by JLL’s New Jersey capital markets team.

Deals
Piscataway: Boniakowski brokers sale of 10,000 sq. ft. flex building

An investor has acquired the site of a 10,000-square-foot flex building in Piscataway, according to brokers with The Boniakowski Commercial Real Estate Group.

Residential & Mixed Use
Vango set to begin 60-unit second phase of Rutherford multifamily complex

A developer is set to expand its footprint in Rutherford after securing approvals for a new 60-unit luxury apartment building alongside a recently completed property in the downtown.

Retail
Sanzari, physical therapy chain ink 4,200 sq. ft. lease in Hackensack

Alfred Sanzari Enterprises is set to welcome a growing physical therapy chain to a grocery-anchored shopping center in Hackensack, the commercial real estate firm announced.

Professional Services
FirstService executive promoted to vice president of sales for east region

FirstService Residential has named a new vice president of sales for its east region.

Retail
LMC: Martial arts chain adds eighth location, takes 1,600 sq. ft. in Manasquan

A martial arts studio is coming to a Manasquan shopping center after agreeing to lease 1,600 square feet at the property, under a deal arranged by Levin Management Corp.

Retail
Larken leases 2,400 sq. ft. in Springfield to dental practice

A dental practice has leased 2,400 square feet of retail space in Springfield, in a newly announced transaction by Larken Associates.

Residential & Mixed Use
KRE, National eye final phase of Journal Squared after lease-up of 704-unit second tower

A development team has leased up a new 704-unit luxury apartment tower in Jersey City, paving the way for the final phase of a landmark project in the historic Journal Square neighborhood.

Residential & Mixed Use
Marcus inks sale of Monmouth development site slated for 360 apartments

A developer has acquired a parcel in Monmouth County with the opportunity to build as many as 360 apartments on the site, in a newly announced transaction by Marcus & Millichap.