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
Developer returns to Elizabeth, with a focus on the booming port region

Elberon Development Group has bolstered its portfolio in one of the state’s strongest industrial submarkets, while moving its headquarters back to where the company began a century ago.

Office
Owner set to debut upgrades at 36,000 sq. ft. Parsippany building, NAI Hanson says

A landlord is nearing completion of a plan to modernize a 36,289-square-foot office building in Parsippany, with an eye toward attracting small businesses to the new-look property.

Deals
Ripco: Shake Shack coming to new Parsippany retail center

Shake Shack will be among the tenants at a 157,000-square-foot shopping center now under construction in Parsippany, under a newly announced lease with RD Management and JMF Properties.

Office
Vantage inks 2,600 sq. ft. lease with speech therapy business in Marlton

A speech therapy business is among the latest tenants at a newly renovated, 47,000-square-foot office building in Marlton, following a lease brokered by Vantage Real Estate Services.

Office
Accordia touts 50,000 sq. ft. in leasing at upgraded office building

A new management team and a nearly $2 million upgrade are paying dividends for an Evesham office building, where Accordia Realty Ventures has inked a series of new leases and renewals.

Office
NKF: Rubenstein, VREP acquire 351,000 sq. ft. Parsippany complex

A joint venture has made its latest move in Morris County with the acquisition of a 351,000-square-foot, Class A office complex in Parsippany, in a sale arranged by brokers with Newmark Knight Frank.

Office
EY opens new 170,000 sq. ft. office at SJP building in Hoboken

Accounting and advisory giant Ernst & Young LLP has opened the doors to its new 170,000-square-foot office and learning center in Hoboken, where it is among the largest tenants at SJP Properties’ waterfront business campus.

Office
Banking firm extends 72,000 sq. ft. lease at 2 Gateway

A global banking and financial services firm has recommitted to its home of the past decade, extending its roughly 72,000-square-foot office lease at Newark’s 2 Gateway Center.

Industrial
CBRE touts 90,000 sq. ft. development opportunity in Lyndhurst

Brokers with CBRE are marketing a parcel in the heart of the Meadowlands, touting it as a prime location for a regional hub, headquarters or last-mile delivery center.

Professional Services
Design team hails topping off ceremony for new Statue of Liberty museum

A design and engineering team is marking a milestone in the construction of a new 26,000-square-foot Statue of Liberty Museum on Liberty Island.