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
Atlantic Health inks extension, expansion for 533,000 sq. ft. Morristown campus

Atlantic Health System has signed an extension and expansion for more than 530,000 square feet at a three-building campus in Morristown, in a deal arranged by Colliers International.

Office
Snack maker opens 111,000 sq. ft. headquarters at ex-Hertz site in Park Ridge

The company behind Welch’s Fruit Snacks, Sun-Maid raisins and other brands has opened its new 111,000-square-foot headquarters in Park Ridge, bringing new life to the former longtime home of the Hertz Corp. after the rental car company’s high-profile departure in 2015.

Residential & Mixed Use
Buyer wanted for 129-unit East Orange apartment portfolio, Gebroe-Hammer says

The owner of a three-building, 129-unit apartment portfolio in East Orange is seeking a buyer for the properties, having tapped Gebroe-Hammer Associates to market the offering.

Health Care & Education
Ridgewood doctor expands, acquires 1,200 sq. ft. medical office space, NAI Hanson says

A physician is expanding his footprint in Ridgewood, having acquired more than 1,200 square feet of condominium space at a medical office building in the borough.

Professional Services
H2M bolsters Parsippany-based team with new project engineer

H2M Architects + Engineers has announced a new hire in its northern New Jersey office.

Office
Panel: Interest in office space picking up as employers mull re-entry plans, hybrid schedules

Employers are hoping to find a middle ground as they determine how best to bring workers back to the office. While that strategy is still taking shape, occupiers have already begun to weigh their post-pandemic options in places such as Jersey City, driving an uptick in building tours and the prospect of new leasing activity.

Industrial
CenterPoint adds latest New Jersey property, acquiring South Brunswick warehouse complex

CenterPoint Properties has closed on the site of a 295,000-square-foot warehouse complex in South Brunswick, marking its latest acquisition in New Jersey over the past year.

Residential & Mixed Use
Sterling opens 144-unit, PATCO-served rental property in Camden County

A developer has marked the opening of a new 144-unit luxury apartment complex in Camden County, having leased more than a quarter of its homes in less than less a month.

Residential & Mixed Use
Developers launch leasing at 200-unit luxury rental project in Montclair arts district

A joint venture has kicked off leasing at 200 new luxury apartments in Montclair, marking a milestone in a plan to create an arts district anchored by a historic downtown theater.

Finance & Capital Markets
Newmark: Joint venture lands $76 million loan for 433-acre life sciences campus in Hopewell

An asset management firm is providing $76 million in financing for an investment group’s recent purchase of a 33-building, 1.11 million-square-foot life sciences campus in Hopewell.