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

Wealth manager extends 3,200 sq. ft. lease in Somerset County, LPC says

A wealth management firm has signed a long-term lease extension for more than 3,000 square feet in Basking Ridge, according to brokers with Lincoln Property Co.

Finance & Capital Markets

JLL: Development site for sale along New Brunswick business, academic corridor

The owner of a 36-acre development site in New Brunswick is seeking a buyer, with brokers touting its location along Route 1 and its proximity to New Jersey’s three largest employers.

Arc Building Partners, Claremont open new joint headquarters in Morristown

A construction firm and a developer have unveiled their new joint office in Morristown, following a merger last year aimed at better positioning both businesses.

Residential & Mixed Use

Gebroe-Hammer touts $75 million in Hudson County apartment sales in June, July

A broker with Gebroe-Hammer Associates has kept active since the height of the COVID-19 outbreak, inking the sale of more than 200 units in Hudson County in June and July alone.

Retail

Smoothie chain debuts new location in Burlington County, LMC says

A new Smoothie King has opened at a Burlington County shopping center, joining a growing list of food, retail and personal services tenants alongside a busy supermarket.

Office

JLL named leasing agent at Fort Lee office building, details upgrades (SLIDESHOW)

The new owner of a 10-story office building in Fort Lee has tapped JLL as its leasing agent, as it launches a major overhaul of the nearly 207,000-square-foot property.

Finance & Capital Markets

Procida closes $52.5 million construction loan for 214-unit Hudson County project

A planned 214-unit apartment development in North Bergen is moving ahead with the help of a newly announced, $52.5 million construction loan by Procida Funding.

Professional Services

Newmark Associates announces new broker hire

Newmark Associates has made another addition to its brokerage team, hiring a longtime health care and pharmaceutical executive as a sales associate.

Retail

Barbecue restaurant opens 8,100 sq. ft. location in Ramsey, Goldstein Group says

A new barbecue restaurant has opened its doors on Route 17 in Ramsey, following a lease arranged by brokers with The Goldstein Group.

Bell Works details reopening plan, safety measures after COVID shutdown

Somerset Development has unveiled its plan to reopen its flagship Bell Works complex in Holmdel, providing a roadmap for office and retail tenants that were forced to leave as the COVID-19 crisis escalated in early spring.