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
Atkins, Woodmont ink first retail tenants at mixed-use Washington Twp. project

Atkins Cos. and Woodmont Properties have signed three leases at a new 10,000-square-foot standalone retail building at their Washington Square Town Center project.

Professional Services
DMR-designed SB One Bank opens in Weehawken

A new SB One banking center at a luxury condominium complex at Port Imperial in Weehawken has celebrated its opening with a community event and ribbon-cutting. 

Industrial
Duke Realty, Home Depot ink 1.3 million sq. ft. at Perth Amboy redevelopment site

Home Depot will lease more than 1 million square feet from Duke Realty Corp. at a redevelopment site in Perth Amboy, occupying two buildings as the company seeks to overhaul its supply chain.

Residential & Mixed Use
Diversified leases up Union rental property, plans 266-unit second phase

A developer is eyeing a fall groundbreaking for an additional 266 apartments in Union Township, following the lease-up of a 130-unit first phase that opened last year.

Retail
Brewery slated to open at mixed-use Orange project, L+M says

A redevelopment near the Orange train station is set to welcome a craft brewery as its latest retail tenant, marking a milestone for a municipality with deep roots in the beer industry.

Office
WCRE inks sale of Camden County office building

A freestanding, 4,100-square-foot office building in Camden County has changed hands, following a sale arranged by Wolf Commercial Real Estate.

Finance & Capital Markets
Developers land $26.5 million in equity for Montvale senior living project

A private equity fund is providing more than $25 million in capital for a new 203-unit senior living facility in Montvale, brokers with Cushman & Wakefield announced this week.

Residential & Mixed Use
NRP Group adds New Jersey affordable housing expert to development team

A national multifamily developer has bolstered its New Jersey team with the hiring of a longtime affordable housing expert in the state.

Retail
Insurance franchisee inks lease at mixed-use Marlton project

An insurance agency has signed a new lease at the base of a luxury apartment development in Burlington County, Vantage Real Estate Services announced this week.

Government & Public Policy
EDA opens application period for Opportunity Zone grant program

The state Economic Development Authority has begun accepting applications for a new grant program seeking to help municipalities and counties draw investors to federally designated Opportunity Zones.