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.

Office
Five tenants commit to Freehold business park, Sheldon Gross says

The owner of a Freehold business park has completed more than 21,000 square feet in leasing with the signing of five new transactions, brokers with Sheldon Gross Realty announced.

Industrial
After a decade of success, Dermody begins final phase of Logan Township industrial park

Dermody Properties’ 1,100-acre logistics park in Logan Township has attracted a long list of well-known users over more than decade. And the firm is now set to enter its last phase of development — breaking ground on two buildings that will add another 563,000 square feet to the portfolio.

Industrial
Saddleback set to upgrade newly acquired, 73,000 sq. ft. Mount Olive property

Saddleback Real Estate Developers has acquired a 73,000-square-foot industrial building in Mount Olive and is now planning a total rehabilitation of the property.

Retail
Latest Toys R Us auction includes four N.J. sites

Four New Jersey stores will be among more than 80 shuttered Toys R Us and Babies R Us locations that will be auctioned in late September as part of the retailer’s ongoing bankruptcy proceedings.

Industrial
Manufacturer takes 50,000 sq. ft. in Monroe, BRC says

A maker of bathroom furniture has leased nearly 50,000 square feet at a Monroe industrial building, in a transaction arranged by Bussel Realty Corp.

Residential & Mixed Use
Prism completes site plan, eyes start of construction for Woodbridge rental project

Prism Capital Partners is poised to move forward with its redevelopment of five acres in downtown Woodbridge, where it’s planning a mixed-use project with more than 230 apartments.

Residential & Mixed Use
Garwood industrial site sold, slated for redevelopment, NAI DiLeo-Bram says

The owner of a 120,000-square-foot industrial building in Garwood has sold the property, paving the way for a potential redevelopment just steps from the borough’s train station.

Professional Services
Two new hires bolster NAI Hanson property management team

NAI James E. Hanson has expanded its property management team with two of its newest hires.

Photos
Murphy tours American Dream, touts economic impact (SLIDESHOW)

Gov. Phil Murphy on Tuesday visited the massive American Dream project in the Meadowlands, hailing the ongoing work of construction teams and the potential for long-term job creation at the 3 million-square-foot entertainment, retail and dining complex.

Professional Services
Lee & Associates adds 40-year industry veteran to retail, management team

Lee & Associates has hired a longtime broker and development executive in the region to bolster its retail and management division.