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.

Residential & Mixed Use
Larken starts preleasing, eyes opening of 198 apartments in Warren County

Larken Associates has launched preleasing at a soon-to-be-completed, 198-unit luxury residential project in Warren County.

Office
Sanzari, tobacco maker ink 18,500 sq. ft. renewal in Teaneck

A global tobacco company has signed an 18,500-square-foot renewal at Glenpointe, Alfred Sanzari Enterprises’ flagship business campus in Teaneck.

Office
Neurology practice takes 13,000 sq. ft. in Lawrenceville

A medical practice is relocating to a Lawrenceville office building, where it has leased 13,000 square feet as part of a deal brokered by Commercial Property Network.

Office
Colocation broker inks 3,300 sq. ft. renewal in Parsippany, Lee & Associates N.J. says

A colocation, managed hosting and cloud service provider has renewed its 3,300-square-foot office lease in Parsippany, brokers with Lee & Associates New Jersey announced.

Industrial
Elberon: Cabinet wholesaler leaving Brooklyn, inks 75,000 sq. ft. lease in Elizabeth

A kitchen cabinet wholesaler is moving from Brooklyn to Elizabeth, where it has signed a full-building, 75,000-square-foot lease with Elberon Development Group.

Retail
Grocery-anchored retail center in Boonton sells for $12.5 million

A private buyer has acquired a nearly 52,000-square-foot retail center in Boonton, in a $12.5 million transaction by Cushman & Wakefield.

Retail
Middlesex County retail center fetches $2.2 million, Marcus says

A private investor has reaped more than $2 million from the sale of a 10,100-square-foot retail center in Cranbury, brokers with Marcus & Millichap announced Monday.

Retail
Aldi leases 21,000 sq. ft. in South Brunswick, Goldstein Group says

Aldi is adding to its growing stable of supermarkets in New Jersey, leasing more than 21,000 square feet at a South Brunswick shopping center.

Top News
Kislak Family Foundation donates $50,000 to New Jersey pandemic relief

The Kislak Family Foundation has earmarked $50,000 that will go toward supporting the New Jersey Pandemic Relief Fund.

Finance & Capital Markets
Progress Capital inks $50 million construction loan for charter school project

An investment group has secured a $50 million loan to convert a historic Bronx warehouse to a new charter school, under a newly announced transaction by Progress Capital.