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.

Residential & Mixed Use
Prism eyes spring delivery for first two rental buildings at Dunellen train station

Prism Capital Partners is planning a spring delivery for the first two buildings at a new luxury residential complex in Dunellen, the developer announced last week.

Office
Pharma, clinical trial company takes 2,200 sq. ft. in Cherry Hill

A life sciences company has leased nearly 2,200 square feet of medical office space in Cherry Hill, under a newly announced transaction by Vantage Commercial.

Office
Valley Bank, CSG each take nearly 120,000 sq. ft. as office leasing rebounds, Newmark says

Office leasing in northern New Jersey hit a two-year high at the end of 2021, thanks in part to large-scale deals by prominent banking and law firm tenants in the state.

Finance & Capital Markets
JLL sources $12 million refinancing of Port Newark industrial complex

JLL has arranged a $12 million facility loan for Port Newark Junction, a six-building, 154,149-square-foot industrial complex in Newark.

Health Care & Education
Trammell Crow plans 93-unit senior living facility in Fair Lawn

Trammell Crow Co. and its joint venture partner, Chelsea Senior Living, have revealed plans to develop a three-story, 93-unit senior living facility in Fair Lawn.

Residential & Mixed Use
Jersey City building with urgent care, apartments fetches $6.6 million

Marcus & Millichap has negotiated the $6.6 million sale of a 6,150-square-foot mixed-use property at 340 Grove St. in Jersey City.

Industrial
Colliers inks 190,000 sq. ft. at Cherry Hill industrial, flex park in 2021

Colliers is touting 190,000 square feet in leasing activity last year at the Cherry Hill Business Park, a roughly 616,000-square-foot complex in the township.

Health Care & Education
Thomas Park buys Princeton multispecialty medical office building

Colliers has negotiated the sale of a 30,000-square-foot medical office property in Princeton in partnership with Commercial Property Network Inc.

Office
Larken, human services agency ink renewal at Branchburg Commons

Larken Associates has negotiated a 4,109-square-foot lease renewal with Benchmark Human Services at Branchburg Commons at 3322 Route 22 West in Branchburg.

Health Care & Education
NAI Fennelly: Lab user buys Monmouth Junction flex building for $5.6 million

Brokerage firm NAI Fennelly has negotiated the sale of a 58,000-square-foot flex building at 68 Culver Road in the Monmouth Junction section of South Brunswick for $5.575 million.