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.

Retail
Ex-bank building in Atlantic County changes hands, Vantage Commercial says

A consumer reporting agency has purchased a former bank building in Atlantic County, in a transaction arranged by Vantage Commercial.

Residential & Mixed Use
Developers launch condo sales after converting historic Wonder Bread factory in Hoboken

A development team has unveiled a collection of 83 upscale condominiums at the site of a newly restored, 112-year-old Wonder Bread factory in the heart of Hoboken.

Residential & Mixed Use
BNE eyes debut of 291-unit luxury apartment building in South Amboy

BNE Real Estate Group is set to unveil nearly 300 new luxury apartments in South Amboy, marking the first piece of a sweeping redevelopment project along the Raritan Bay.

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.