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
Bridgeton rental community slated for $18.7 million rehab

A multifamily developer has kicked off an $18.7 million rehab of a 156-unit property in Bridgeton, where it aims to modernize the community and expand services for residents.

Retail
Pet products store leases 4,400 sq. ft. in Warren County, LMC says

A pet products retailer is among the newest tenants at a 61,000-square-foot shopping center in Warren County, according to Levin Management Corp.

Industrial
Garden State drawing more industrial tenants from NYC boroughs

Companies from Brooklyn and New York City’s other outer boroughs are increasingly taking industrial space in New Jersey, brokers say, whether they are expanding beyond their original business locations or looking for a new home altogether. The trend is adding to the already surging demand in the market for warehouse and distribution space in the Garden State.

Industrial
Crossing over: A look at tenants that have moved to New Jersey from NYC

Industrial users of all sizes are either relocating or expanding into New Jersey from the boroughs of New York City. Click here for a sampling of other deals from the past year:

Professional Services
New NAI Hanson sales associate to focus on industrial sales, leasing

NAI James E. Hanson has hired a longtime sales professional as the latest member of its commercial real estate brokerage team, the Hackensack-based firm announced.

Industrial
WCRE brokers 168,000 sq. ft. flex, industrial sale

An investor has acquired a six-building, 168,000-square-foot industrial and flex office in Moorestown, in a deal brokered by Wolf Commercial Real Estate.

Office
New ownership, renovations drive leasing at Meadowlands office building

Bergman Real Estate Group has inked more than 30 leases at a Lyndhurst office building since acquiring it last year, driving up occupancy at the 120,000-square-foot property.

Finance & Capital Markets
Investors Bank: Recent CRE loans total more than $280 million

Investors Bank has continued its push to lend across different sectors of commercial real estate, originating more than $280 million in financing for 10 major transactions in recent weeks.

Office
Weiss brokers 130,000 sq. ft. office, flex sale in Morris County

A partnership has sold a 130,180-square-foot office and flex building just outside Parsippany, in a deal brokered by Weiss Realty.

Industrial
REIT acquires 110,000 sq. ft. industrial building in South Jersey

A real estate investment trust has acquired a nearly 110,000-square-foot industrial building in Cherry Hill, marking its first acquisition in southern New Jersey.