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
Mixed-use Fairview property trades for $2.9 million, Marcus says

A multifamily and retail property in Fairview has changed hands for nearly $3 million, following a sale arranged by brokers with Marcus & Millichap.

Retail
Pierson picks up beauty chain, salon concept as tenant clients

Pierson Commercial has added to its list of tenant clients, picking up a well-known beauty supplies chain and a new nail salon concept.

Professional Services
CSG attorney tapped as state trustee in Tropicana sale

State regulators have designated an attorney with Chiesa Shahinian & Giantomasi PC as the trustee for a Nevada-based company’s acquisition of the Tropicana Casino & Resort in Atlantic City.

Residential & Mixed Use
KRE Group opens nearly 400 units in Jersey City

Kushner Real Estate Group has leased more than two-thirds of a new 397-unit apartment building in Jersey City, as the firm joined local officials last week to mark the opening of the property.

Government & Public Policy
EDA: Consignment startup eyes 492,000 sq. ft. fulfillment center in Perth Amboy

State officials have approved a 10-year, $38.9 million tax credit package to encourage an online luxury consignment shop to open a nearly 500,000-square-foot fulfillment center in Perth Amboy, where it says it would hire close to 800 employees.

Sponsored Content
State’s Top Housing and Economic Development Officials, Innovators and Key Leaders Among Dynamic Housing and Economic Development Conference Speakers

Now in its 22nd year, the 2018 Governor’s Conference on Housing and Economic Development takes place October 2-3 at Harrah’s Waterfront Conference Center in Atlantic City with over 100 dynamic speakers and a special keynote address by Governor Murphy.

Industrial
Clothing maker weighs 113,000 sq. ft. lease in Kearny

A three-year-old clothing manufacturer could be joining the sprawling Kearny Point redevelopment, following the approval of a 10-year, $37.2 million incentive to support a new 113,000-square-foot facility at the complex.

Industrial
Office solutions firm inks 155,000 sq. ft. at Rockefeller park in Piscataway

Rockefeller Group has attracted another tenant to its new logistics park in Piscataway, securing a 155,000-square-foot lease with a maker of office furniture and products.

Retail
DSW takes 19,000 sq. ft. at new Parsippany shopping center

DSW is joining the tenant roster at a new 150,150-square-foot shopping center in Parsippany, where it has committed to more than 19,000 square feet.

Retail
Investor pays $8.5 million for Millburn medical office building

A two-story medical office building in Millburn has changed hands for $8.5 million, following a sale arranged by Marcus & Millichap.