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
Demolition marks another step forward for massive Bayonne logistics park (VIDEO)

Lincoln Equities Group has completed demolition at a 153-acre site in Bayonne, clearing the way for its planned 1.6 million-square-foot warehouse and distribution complex.

Office
Schotz joins Newmark Knight Frank to lead agency services in New Jersey

Jeff Schotz, one of the state’s best-known leasing executives, is returning to brokerage as the new head of Newmark Knight Frank’s agency leasing team in New Jersey.

Residential & Mixed Use
DMR hails debut of Woodbridge community, its latest multifamily design (SLIDESHOW)

DMR Architects is celebrating the first phase of a new 355-unit, four-building luxury rental property in the Iselin section of Woodbridge.

Office
NKF: New Providence office, R&D building trades for $23 million

Mountain Development Corp. has sold a multitenant, 171,216-square-foot office and research building in New Providence, in a deal arranged by Newmark Knight Frank.

Retail
Marcus: Somerville retail, medical building trades for $3.8 million

A two-building, 20,700-square-foot retail and medical office complex in Somerville has changed hands for nearly $3.8 million, brokers with Marcus & Millichap announced.

Events
CREW NJ honors industry leaders at 35th anniversary event

Commercial Real Estate Women of New Jersey celebrated its 35th anniversary last week, drawing top development executives and service professionals to mark the milestone and hail the successes of the industry’s female leaders.

Industrial
Englewood warehouse is latest acquisition for Sitex

Sitex Group has acquired a 72,000-square-foot warehouse in Englewood as the latest addition to its northern New Jersey industrial holdings.

Industrial
Startup moving to Kearny Point, leasing 113,000 sq. ft.

A fashion design and supply chain startup is heading to the sprawling Kearny Point development, where it will occupy a new 113,000-square-foot manufacturing facility.

Residential & Mixed Use
Mixed-use Nutley building trades for $1.9 million, Kislak says

A mixed-use residential and retail building in Nutley has changed hands among private investors, in a nearly $2 million sale arranged by The Kislak Co. Inc.

Office
Inside Mack-Cali’s suburban overhaul: REIT unveils office upgrades (SLIDESHOW)

Mack-Cali Realty Corp. has completed a sweeping overhaul of its key suburban office portfolio, following more than $50 million in redesigns and renovations at buildings in the Parsippany, Short Hills, Metropark and Red Bank submarkets.