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
Buyer wanted for 153,000 sq. ft. retail center in Paramus, JLL says

A fully leased, two-story retail center in Paramus is on the market for sale, with the potential to command a price of nearly $50 million.

Policy Page
Geopolitics and demographics impact commercial real estate in our region

Our state is making headlines these days in a number of good ways. One contributing factor is certainly geopolitics, the study of how place matters. While this term is more often used to describe countries and explain the origin and source of their wealth, culture and military strategy, we can also see how this applies at the state level.

Professional Services
March Associates announces new hires in project management, estimating

March Associates Construction Inc. has announced four new additions to its project management and estimating teams.

Office
C&W: Life sciences tech firm inks 32,000 sq. ft. headquarters lease in Jersey City

A technology firm serving the life sciences sector has leased 32,000 square feet of office space in Jersey City, under a newly announced transaction by Cushman & Wakefield.

Office
Vantage Commercial inks sale of Burlington office building

A commercial building in Burlington County has changed hands for an undisclosed price, according to a brokerage team with Vantage Commercial.

Industrial
Construction firm touts start of 508,000 sq. ft. industrial project in Florence

Construction is set to begin on more than 500,000 square feet of new industrial space in Burlington County, the latest piece of a developer’s fast-growing portfolio in the state.

Professional Services
NAI Hanson promotes Lennon, Todd to vice president

NAI James E. Hanson has promoted two industrial brokers to the role of vice president.

Office
SJP, Scotto top out first of two buildings at M Station project in Morristown

The first phase of a new high-end office and retail development in downtown Morristown is on track to open later this year after recently reaching a construction milestone.

Retail
Marcus: Mixed-use Morristown property sells for $1.6 million

A private investor has sold a mixed-use property in Morristown for more than $1.5 million, according to a brokerage team with Marcus & Millichap.

Retail
Larken inks 1,100 sq. ft. lease with longtime restaurant tenant in Springfield

A restaurant is staying in place in Union County after a change in ownership, having signed a new lease for nearly 1,100 square feet with Larken Associates.