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
Salon suite chain inks leases for first three New Jersey locations, C&W says

A company that offers co-working space for beauty professionals is making its entrance to New Jersey, inking leases for locations in Monmouth, Camden and Union counties.

Office
NKF: Northern, central New Jersey office market ‘stable’ at midyear

Life sciences firms accounted for the two largest office leases of the second quarter in northern and central New Jersey, in a market that remains stable despite a slight uptick in availability.

Policy Page
Industrial sector thrives on innovation and institutional investors

Amid a strong economy and surging demand for consumer products, industrial remains one of the hottest segments in the commercial real estate industry. The strong demand for space is pushing industrial developers to innovate, leading to multistory distribution centers, on-demand space, robotics and online freight brokerage services

Industrial
NAI Hanson, project partners break ground at Sparta flex building

A development and leasing team has broken ground on a 10,400-square-foot industrial and flex space in Sparta, the first of two new buildings slated for a nearly 32-acre complex.

Government & Public Policy
Analytical instruments company moves to North Brunswick with EDA-backed financing

Alliance Calibrations Group, which manages instruments in chemical laboratories, has acquired an 11,000-square-foot facility in North Brunswick that will serve as its permanent headquarters.

Residential & Mixed Use
Manhattan Building Co. eyes sweeping plan to transform Jersey City neighborhood

A developer with deep roots in Hudson County has proposed building more than 2,300 apartments at the edge of downtown Jersey City, seeking to transform several blocks of blighted property just east of the New Jersey Turnpike extension.

Residential & Mixed Use
Somerset closes on 31-acre transit village site in Somerville

Somerset Development has completed its long-awaited acquisition of 31 acres in downtown Somerville, paving the way for a project that includes more than 500 residential units and other uses adjacent to the borough’s train station.

Office
Hartz sells Woodcliff Lake office building for $36 million, C&W says

An investment group has acquired a 118,000-square-foot, single-tenant office building in Woodcliff Lake for $36 million, in a newly announced transaction by Cushman & Wakefield.

Industrial
Apparel company leases 203,000 sq. ft. warehouse in South Brunswick

An apparel company has leased an entire 203,488-square-foot warehouse and distribution center under construction in South Brunswick, brokers with JLL announced Monday.

Professional Services
JLL closes on $1.8 billion acquisition of HFF

Real estate services firm JLL has closed on its $1.8 billion acquisition of HFF, greatly expanding its capital markets platform under a blockbuster deal announced earlier this year.