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.

Industrial
Distribution firm takes 29,000 sq. ft. in Moorestown, NAI Mertz says

A global distribution company has leased 29,000 square feet at a Moorestown industrial building, bringing the property to 100 percent occupancy.

Residential & Mixed Use
KRE Group debuts green space outside new Jersey City rental tower

Kushner Real Estate Group has unveiled a new public park outside its recently opened, 397-unit luxury apartment building in downtown Jersey City.

Office
WCRE: Law firm takes 2,500 sq. ft. in Cherry Hill

A national law firm has leased more than 2,500 square feet at a Cherry Hill office building, brokers with Wolf Commercial Real Estate announced Friday.

Residential & Mixed Use
New ‘town center’ project is anchored by health care, bucking traditional uses

For a project that will bring more than 400 new apartments and townhomes to Gloucester County’s largest town, a joint venture is banking on the demand for health care services as a key driver of the property and a potential model for other mixed-use projects in the state.

Office
JLL touts 65,000 sq. ft. in leasing at 3 Gateway in Newark

Four tenants have leased a combined 65,000 square feet at a well-known building in downtown Newark, where ownership is reaping the benefits of a multimillion-dollar renovation.

Residential & Mixed Use
CBRE inks sale of 12-unit apartment building in East Orange

An investor has acquired a fully occupied, 12-unit apartment building in East Orange for nearly $1 million, brokers with CBRE announced this week.

Retail
NAI Hanson: Deli building, two-family home sell in Passaic Co.

An investor has acquired a 2,200-square-foot commercial building and an adjacent two-family home in Bloomingdale, in a transaction arranged by NAI James E. Hanson.

Professional Services
WCRE adds political, community relations veteran

Wolf Commercial Real Estate has hired a new director of community relations, with the goal of expanding its reach with local officials and businesses throughout the state.

Government & Public Policy
State unveils online navigator, mapping tool for New Jersey Opportunity Zones

State officials have launched a new website and interactive mapping tool aimed at helping local governments, investors and other stakeholders navigate the 169 census tracts in New Jersey that have been designated under the federal Opportunity Zone program.

Residential & Mixed Use
North Jersey multifamily investors launch JV focused on Opportunity Zones

Two New Jersey real estate firms have joined forces with a focus on the new federal Opportunity Zone program, having already teed up more than $85 million in multifamily investments.