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.

Government & Public Policy
EDA approves $14.7 million incentive for proposed Gucci call center in Jersey City

The state has approved a 10-year, $14.7 million tax credit to encourage luxury fashion giant Gucci to open a new 52,000-square-foot call center on the Jersey City waterfront.

Retail
Barbershop chain takes 1,800 sq. ft. in Madison, its third New Jersey store

A barbershop chain has leased nearly 1,800 square feet at a mixed-use property in downtown Madison, brokers with JLL announced this week.

Residential & Mixed Use
Advance, DeBartolo unveil newest Harrison rental project (SLIDESHOW)

A joint venture has debuted a new 280-unit apartment building in Harrison, the latest piece of a fast-growing neighborhood along the town’s former industrial waterfront.

Residential & Mixed Use
Fields: Jersey City apartment building nearly 70 percent leased

Renters are flocking to a new apartment building in Jersey City’s Paulus Hook neighborhood, where Fields Development Group has leased nearly 70 percent of its 153 units.

Residential & Mixed Use
Developers kick off $135 million theater district project in Montclair

Ironstate Development Co. and Brookfield have broken ground on a long-awaited, $135 million project in downtown Montclair that will deliver 200 apartments and a mix of artist and commercial space alongside the historic Wellmont Theater.

Office
SJP rebrands Jersey City office building, targets science and tech users

SJP Properties has rebranded an office building in downtown Jersey City with an eye toward emerging and specialized industries, tapping JLL as the property’s leasing agent.

Industrial
Banaszynski steps down as Heller president

Brian Banaszynski, the president of Heller Industrial Parks for the past five years, has left the Edison-based company.

Office
CBRE inks sale of 110,000 sq. ft. Princeton office complex to KABR

The KABR Group has acquired a two-building, 110,000-square-foot office complex in Princeton, CBRE announced, touting the buyer’s plans to reposition the property.

Industrial
Food distributor takes 125,000 sq. ft. at Duke project in Wood-Ridge

Duke Realty Corp. has preleased two-thirds of a new warehouse in Wood-Ridge, inking a nearly 125,000-square-foot lease with a specialty food distributor.

Residential & Mixed Use
Vertical construction underway for Journal Squared phase two (RENDERINGS)

The tallest tower within Kushner Real Estate Group’s three-building, 1,838-unit Journal Squared project in Jersey City is on the rise.