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.

Top News
NAIOP becomes the Commercial Real Estate Development Association

It’s official: NAIOP is now the Commercial Real Estate Development Association.

Industrial
FRP Holdings, DWS deliver 171,000 sq. ft. Logistics Center at Hamilton

A developer has completed its first New Jersey project with the delivery of nearly 171,000 square feet of new industrial space along Interstate 195 in Hamilton.

Office
Cash buyer grabs 26,000 sq. ft. medical office building in Basking Ridge, C&W says

A private investor has purchased a more than 26,000-square-foot medical office building in the Basking Ridge section of Bernards Township, brokers with Cushman & Wakefield announced.

Finance & Capital Markets
BWE sources $130 million first mortgage for 520-unit rental property outside New Brunswick

The owner of a new 520-unit apartment and townhome community in central New Jersey has secured $130 million in financing, in a transaction arranged by BWE.

Office
Deluccia: Financial services consulting firm renews, expands in Somerville to 16,000 sq. ft.

A financial services consulting firm has renewed and expanded its lease in Somerville, where it now occupies more than 16,000 square feet at a prominent downtown property.

Editor’s Note
Breaking the mold

As you’ll read in this months cover story, a company known as Osmo has filled and activated nearly 60,000 square feet of new warehouse space in Elizabeth, unveiling a cutting-edge headquarters and production hub. The so-called digital scent company, which uses artificial intelligence to create custom fragrances, debuted the space in mid-May after what was an exhaustive but fast-paced search that wound up just south of Port Newark-Elizabeth. That involved several top players in New Jersey commercial real estate, including developers Kurv Industrial and Elberon Development Group. It also involved a skilled design team that helped with the facility’s highly specialized infrastructure, supporting the arrival of a business that has public officials understandably excited.

Industrial
Prologis eyes early 2027 delivery for new 379,000 sq. ft. Bergen County warehouse

Prologis Inc. has broken ground on a 379,000-square-foot logistics facility in Maywood, expanding a footprint that already includes more than 100 properties in northern New Jersey.

Residential & Mixed Use
Hudson Atlantic: Longtime owner sells 33-unit apartment building in Gloucester Township

A private investor has acquired a 33-unit apartment building in Gloucester Township for $4.5 million, marking the first sale of the asset in more than four decades.

Industrial
HABR Brokerage fills 118,000 sq. ft. industrial sublease in South Plainfield, BRC says

A logistics and warehouse solutions provider has secured new space just off Interstate 287, inking a sublease in South Plainfield as part of a newly announced deal by Bussel Realty Corp.

Residential & Mixed Use
Nasser Freres welcomes first residents at 622-unit luxury rental tower in Journal Square

The new 29-story apartment tower known as The Greyson has opened its doors in Jersey City, bringing another infusion of luxury rentals to the historic Journal Square neighborhood.