Current Issue

Go inside the latest monthly issue of Real Estate NJ, the only New Jersey-based magazine dedicated to commercial real estate in the Garden State.

Which types of tenants or industries hold the greatest upside for New Jersey’s office market?

Which types of tenants or industries hold the greatest upside for New Jersey’s office market? We assembled a panel of industry experts to tackle this month’s question.

New Jersey industrial brokers, developers thinking regionally as tenants expand the market

With a limited supply and an increasingly savvy approach to logistics, tenants are pushing the historical boundaries of the New Jersey industrial market and expanding not only westward, but to the southernmost parts of the state and to the east to New York City. As occupiers explore these new frontiers, developers and brokers in New Jersey are following suit with a more regional approach to the warehouse and distribution sector.

Going regional: How JLL has adapted to the new industrial landscape

JLL has regionalized its industrial platform under the leadership of David Knee and Rob Kossar, who are based in JLL’s East Rutherford office and have established their team as a dominant player in the market.

For Pierson, believing in untapped markets has been a key ingredient for success

Pierson Commercial has gained a foothold in some of New Jersey’s largest and best-known cities, fueling its growth in recent years while remaining just as active in the state’s suburbs and highway retail corridors.

After a decade of success, Dermody begins final phase of Logan Township industrial park

Dermody Properties’ 1,100-acre logistics park in Logan Township has attracted a long list of well-known users over more than decade. And the firm is now set to enter its last phase of development — breaking ground on two buildings that will add another 563,000 square feet to the portfolio.

BCONE: Vision, team approach turned Perth Amboy development to gold

In the brownfield redevelopment universe, industrial projects have no equal thanks to the compound-complex nature of these mega-efforts, which are marked by X factors and uncertainty at every turn. Think of a conductor tasked with guiding a multi-chair symphony orchestra through intricate movements of a complex score — compared to a more simplistic coordination helming a small chamber ensemble. There’s a compelling difference, and thus welcome to the world of the industrial brownfield redevelopment, where multiple stakeholders are tasked with a multitude of boxes to check before any ribbon cutting can commence.

Logistics, workforce could help Jersey weather next downturn

With the incredible growth of this sector in recent years, could logistics help make New Jersey cliff-proof? I think so, but only if we take steps to address serious workforce challenges, especially those related to affordability and accessible transportation. With the increasing likelihood of a recession in 2020, we need to act now. The importance of the port region to New Jersey’s economy cannot be overstated, and continued investment is critical. We also need to solve the “last mile” conundrum that presents transportation and lifestyle challenges.

Redrawing the map for industrial

As you’ll find out in this month’s cover story, developers and brokers that have long focused on New Jersey are now stretching beyond the traditional boundaries of the state’s industrial market. And they are stretching them in every direction — for different reasons — in their quest to keep pace with tenants that are adopting a more regional approach.

What infrastructure improvements does New Jersey need to support development for the next 20 years?

What infrastructure improvements does New Jersey need to support development for the next 20 years? We assembled a panel of industry experts to tackle this month’s question.

Beyond retail and industrial, how has e-commerce impacted commercial real estate?

Beyond retail and industrial, how has e-commerce impacted commercial real estate? We assembled a panel of industry experts to tackle this month’s question.