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.

Technology
It’s complicated: Power, infrastructure constraints loom large as NAIOP panel weighs data center growth in New Jersey

The data center landscape in the U.S., particularly in New Jersey, is experiencing significant growth driven by the evolution of technologies such as artificial intelligence and cloud computing. Yet there is still a good deal of uncertainty around how to meet this growing need.

Industrial
Galvanize, sustainability-minded investment firm, buys 608,000 sq. ft. warehouse at Exit 8

Galvanize Real Estate has made its second acquisition in New Jersey with plans to significantly reduce carbon emissions at the 608,000-square-foot warehouse in East Windsor.

Industrial
CenterPoint names Guffey as vice president of leasing in east region

CenterPoint Properties has hired veteran industry executive Jonathan Guffey as a vice president of leasing in its east region.

Government & Public Policy
EDA approves $45 million in Aspire tax credits for senior affordable housing projects in New Brunswick, West Deptford

The state has announced two new approvals under the Aspire tax credit program, pledging a combined $45.4 million to affordable housing projects in New Brunswick and West Deptford.

Professional Services
Chris Vollers named president of Vollers Inc.

Construction services firm Vollers Inc. has announced the promotion of Chris Vollers to president, positioning him to lead its growth and business development efforts.

Industrial
WCRE: Cleaning services firm takes 5,200 sq. ft. in Pennsauken flex industrial deal

A commercial cleaning services firm has leased more than 5,000 square feet at a flex industrial facility in Pennsauken, Wolf Commercial Real Estate announced in a news release Friday.

Retail
CBRE: MetLife sells 103,000 sq. ft. grocery-anchored center in Philadelphia suburb

MetLife Investment Management has sold a more than 103,000-square-foot retail center outside Philadelphia, in a newly announced deal by CBRE.

Retail
LMC: Target takes 76,000 sq. ft. in Flemington with upgrades coming to key shopping center

Target is coming to Flemington after signing an anchor lease at a 239,000-square-foot shopping center on Route 202, in a newly announced deal by Levin Management Corp.

Residential & Mixed Use
Mill Creek seals JV partnership, breaks ground on 253-unit Fort Lee apartment towern

Mill Creek Residential has broken ground on a 253-unit luxury rental tower in Fort Lee, having secured joint venture equity as part of a deal arranged by JLL.

Finance & Capital Markets
C&W: Lincoln Equities, PCCP refi new 333,000 sq. ft. warehouse in Bayonne for $126 million

Lincoln Equities Group and PCCP LLC have secured more than $126 million to refinance nearly 333,000 square feet of newly built industrial space in Bayonne.