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
CPN inks sale of Lawrenceville office building, one of three new Mercer County deals

The owner of a medicine and spa facility has acquired a 9,500-square-foot office building in Lawrenceville, in one of three recent transactions by Commercial Property Network.

Retail
Portuguese-inspired barbecue concept opens Ewing location, LMC says

A new barbecue restaurant has opened its doors at a Mercer County shopping center, where it has leased 2,700 square feet under a deal brokered by Levin Management Corp.

Health Care & Education
Rose Commercial inks sale of 7,100 sq. ft. medical office building in Burlington Co.

An investment group has acquired a medical office building in Burlington County for nearly $900,000, in a newly completed transaction by Rose Commercial Real Estate.

Office
NKF: Parsippany, Park Ridge land top Q4 leases amid steady improvement in office market

Office tenants continued their flight to new and improved spaces as 2019 came to a close, furthering the case for landlords to upgrade or redevelop New Jersey’s aging stock of buildings.

Professional Services
Scarinci Hollenbeck names new co-chair in real estate group

Scarinci Hollenbeck has named a new leader in its commercial real estate group, in one of several recent leadership changes for the Lyndhurst-based practice.

Retail
C&W inks 6,300 sq. ft. restaurant lease in Nutley

A northern New Jersey restaurant is relocating to Nutley as part of a recently announced, 6,300-square-foot lease completed by Cushman & Wakefield.

Retail
Investor sells 14,500 sq. ft. retail property in Vineland, WCRE says

A nearly 15,000-square-foot retail property in Vineland has changed hands, following a transaction arranged by brokers with Wolf Commercial Real Estate.

Retail
R.J. Brunelli touts leases in Ocean, Passaic counties among latest deals

Dollar Tree has leased nearly 10,500 square feet in Ocean County at what will be one of its newest locations in New Jersey, brokers with R.J. Brunelli & Co. LLC announced.

Industrial
REIT acquires 114,000 sq. ft. warehouse, headquarters office in Branchburg

A real estate investment trust has acquired a Branchburg warehouse and office building — the home of a well-known furniture distributor — in a newly announced transaction by GM Realty Advisors Inc.

Government & Public Policy
HMFA awards $22.5 million in tax credits, supporting 1,200 affordable units

State officials have awarded more than $22 million in new funding under a federal tax credit program for affordable housing developers, supporting 17 projects that will create some 1,200 units for families, seniors and residents with special needs.