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
Signature Acquisitions inks 90,000 sq. ft. in new leases, renewals at Parkway office buildings

The owner of eight office buildings in Cranford and Clark has completed a flurry of leasing activity at the properties, including new commitments totaling 50,000 square feet.

Residential & Mixed Use
Leasing underway at second phase of new apartments in Union Township

A developer has unveiled the second phase of what will ultimately be more than 230 apartments in Union Township, bringing another 75 units to the municipality’s growing downtown.

Office
Cured meats importer takes space at new-look office, co-working building in Hoboken

An importer of cured meats has relocated to New Jersey from Brooklyn, having signed a lease at a newly renovated co-working center in Hoboken.

Government & Public Policy
Claremont breaks ground on homeless shelter, moving closer to new 444-unit apartment tower

A developer has broken ground on a new homeless services center in Jersey City, marking a key step in a plan to ultimately build a 23-story, 444-unit apartment tower across the street.

Industrial
Sitex acquires 30,000 sq. ft. warehouse in Fairfield

Sitex Group has picked up a 30,000-square-foot warehouse in Fairfield, where it’s planning a series of upgrades with the building slated to become available in 2022.

Residential & Mixed Use
Marcus: Family sells Jersey City development site assembled over 30 years

A development tract three decades in the making has changed hands in Jersey City, in a newly announced transaction by Marcus & Millichap.

Retail
Eateries lease 6,000 sq. ft. in Florham Park, Goldstein Group says

Three restaurants have combined to lease nearly 6,000 square feet at a Florham Park shopping center, in a series of deals announced by The Goldstein Group.

Technology
Warren County solar farm fetches $3.5 million, C&W says

A new 49-acre solar farm in Warren County has changed hands for $3.5 million, under a transaction arranged by Cushman & Wakefield.

Residential & Mixed Use
New Jersey remains a draw for out-of-state developers — despite the hurdles

For developers from out of state, building in New Jersey can be a challenge. Yet there are builders that make it work — generally when there’s buy-in from government officials — and New Jersey remains a draw for many of them.

Retail
JDA Group acquires Starbucks, Bank of America property in Fort Lee

A developer and investment firm has acquired the site of a Starbucks and bank kiosk property in Fort Lee, marking an expansion into the Bergen County retail sector.