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
Exit 8A: The top 10 industrial leases during Q2, according to JLL

The Exit 8A submarket continues to thrive in the state’s industrial sector, according to JLL, accounting for more than half of the leasing activity in northern and central New Jersey during the second quarter.

Retail
Sports bar coming to TCNJ’s Campus Town, PRC Group says

A sports bar and restaurant chain is expanding from South Jersey and Philadelphia to become the newest addition at Campus Town, the privately built student housing and retail development at The College of New Jersey.

Retail
New tenants coming to Halsey Street in Newark, Pierson Commercial says

A fitness operator and a burger chain that is expanding into New Jersey will be among the newest tenants in downtown Newark, following leases brokered by Pierson Commercial.

Professional Services
Hasbrouck Heights law firm hires three new real estate attorneys

A boutique law firm in Hasbrouck Heights has strengthened its commercial real estate practice with the addition of three new attorneys.

Government & Public Policy
Growing life sciences firms, Big Pharma giant offered EDA incentives

State officials have approved tax credits meant to help three pharmaceutical firms grow the industry’s footprint in New Jersey, while also dangling a nearly $40 million incentive to keep a global life sciences giant from pulling its U.S. headquarters out of the state.

Retail
Advance, DeBartolo set to begin Ledgewood Mall redevelopment

Developers have secured the local approvals needed to begin “de-malling” a mall in western Morris County, paving the way for them to reposition it as a new open-air shopping center.

People
CBRE names new co-leader of N.J. capital markets group

By Joshua Burd CBRE Group Inc. has promoted one of its longtime brokers and office market experts to co-leader of its capital markets group in New Jersey, the real estate services firm announced. Jeremy Neuer takes over the position after…

Retail
Wawa building sold in Cape May County, Goldstein Group says

A grocery operator has acquired a former Wawa building in Cape May County and now plans to operate the property as a food market, according to brokers with The Goldstein Group.

Office
Secaucus office buildings fetch $21 million, CBRE says

A real estate investment firm has reaped $21 million from the sale of two office buildings in Secaucus, following a transaction brokered by CBRE Group Inc.

Professional Services
The Goldstein Group forms unit focused on mixed-use, urban retail

The Goldstein Group has launched a new division to offer retail leasing and advisory services to urban mixed-use property owners, developers and managers in the region.