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.

Residential & Mixed Use
Russo unveils 268-unit Belleville rental project, joining longtime local business owner

Russo Development is hailing the success of a new mixed-use apartment property in Belleville, where it has teamed with a well-known business to transform part of a key corridor.

Professional Services
Cresa adds Schreier as principal to help continue growth in New York City

Tenant brokerage firm Cresa has added to its team in the region with the hiring of Aron Schreier as a principal in its New York City office.

Retail
Total Wine & More debuts 32,000 sq. ft. store at North Brunswick shopping center, LMC says

Total Wine & More has opened a new store in North Brunswick, where it occupies 32,000 square feet under a lease arranged by Levin Management Corp. and RIPCO Real Estate.

Featured
Panning out: Film industry’s impact grows as dozens of New Jersey towns, cities emerge as destinations

“A Complete Unknown,” the Bob Dylan biopic starring Timothée Chalamet (left) and Elle Fanning, filmed in 17 New Jersey municipalities in 2024, including Hoboken. — Searchlight Pictures Press Photo By Patricia Alex Filming took place in 20 towns in North…

Office
Health care services firm buys 89,000 sq. ft. Morris Plains office building, C&W says

Chopp Holdings has sold a more than 89,000-square-foot office building in Morris Plains for $10.25 million, in a newly announced deal by Cushman & Wakefield.

Office
Einhorn Barbarito unveils new 25,000 sq. ft. headquarters at The Arbors @ Parsippany

Einhorn, Barbarito, Frost, Botwinick, Nunn & Musmanno PC has opened its new headquarters at a high-end office campus in Parsippany after moving from its longtime home in Denville.

Residential & Mixed Use
New 280-unit rental property in Newark more than 50 percent leased, Shorewood says

Shorewood Real Estate Group has rented more than 50 percent of The Ballantine, a new 280-unit luxury rental property at the onetime site of a historic brewery in Newark.

Industrial
NAI Hanson: Kenilworth industrial outdoor storage property sells for $3.3 million

A private buyer has paid $3.3 million for a nearly 1.3-acre industrial outdoor storage property in Kenilworth, brokers with NAI James E. Hanson announced Monday.

Health Care
JLL: Bristol Myers Squibb eyes sale, partial leaseback of 1.2 million sq. ft. Summit campus

Bristol Myers Squibb is looking to sell a nearly 1.2 million-square-foot life sciences campus in Summit, bringing the well-known property back to the market after it changed hands in 2015.

Industrial
LEG unveils two-building, 204,000 sq. ft. warehouse development in Belleville

Lincoln Equities Group has delivered more than 204,000 square feet of new warehouse space in Belleville with the completion of a two-building project off Route 21.