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
Signature leases 30,000 sq. ft. in Parsippany to consumer goods maker, headlining Q2 deals

Signature Acquisitions has secured a new tenant at a Parsippany office building, leasing nearly 30,000 square feet to a global consumer goods manufacturer.

Industrial
Kurv breaks ground on 471,000 sq. ft. warehouse in Perth Amboy, dedicates land for new park, pad-ready development site

Kurv Industrial has broken ground on its latest project in Perth Amboy, one that will not only create modern warehouse space but deliver a new public park and a pad-ready development site that will both be turned over to the city.

Office
C&W: Jersey City office building adds seven tenants in post-sale flurry of leasing activity

The new owners of a Jersey City office building are seeing a fresh wave of tenant demand, securing nearly 24,000 square feet of leasing activity in less than four months.

Industrial
Greek, Principal eye 100,000 sq. ft. warehouse project after acquiring Bucks County site

Greek Real Estate Partners and Principal Asset Management are breaking ground on more than 100,000 square feet of new industrial space in Eastern Pennsylvania, having secured a pad-ready development site and nearly $12 million in construction financing.

Industrial
CPN lists Mercer County development site with approvals for 108,000 sq. ft. warehouse

The owner of a 12-acre development site in Hopewell Township has listed the property for sale — with approvals in place for some 108,000 square feet of warehouse or flex space.

Retail
VVRC, Planet Fitness franchisee ink 15,000 sq. ft. lease at growing Lincoln Park retail center

A new Planet Fitness is coming to a Lincoln Park shopping center, where it will occupy a 15,000-square-foot addition that’s being constructed by Vita & Vita Realty Corp.

Community
‘A complete community:’ LeFrak, Simon families mark Newport’s 40th anniversary with $1 million grant program for Jersey City nonprofits

The developers of Newport, the seminal mixed-use neighborhood credited as a catalyst for the rebuilding of the Jersey City waterfront, plan to disburse $1 million to 40 local nonprofit groups as the organization celebrates four decades in the city.

Government & Public Policy
EDA pledges $68 million in CAFE tax credits for Westfield, Millburn theater projects

Plans to reopen and transform a historic theater in Westfield are moving ahead with the help of a state tax credit program, as is a major update of a well-known cultural venue in Millburn.

Retail
Colliers: Asbury Park investor expands holdings, buys retail property for $1.89 million

A local investor has purchased a nearly 12,000-square-foot retail property in Asbury Park for $1.89 million, in a newly announced deal by Colliers.

People
National Integrity Title’s Duffield named board member at Burlington County chamber

National Integrity Title Agency CEO George E. Duffield Sr., a longtime member of the Burlington County Regional Chamber of Commerce, has stepped up his involvement with the group after joining its board of directors earlier this year.