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
Stro inks 11,600 sq. ft. lease in Woodbridge with Brooklyn-based firm

The Stro Cos. has leased 11,600 square feet in Woodbridge to a Brooklyn-based firm that was seeking warehouse space for two of its business lines, the landlord said Tuesday.

Residential & Mixed Use
KRE turns its focus to next phase of high-profile Journal Squared project

Kushner Real Estate Group is set to begin construction on the second of three residential towers at its Journal Squared project in Jersey City, following the success of a first phase that has leased nearly all of its 538 apartments in less than a year.

Residential & Mixed Use
Port Imperial owners debut bike sharing program

Property owners along the master-planned Port Imperial development in Hudson County have unveiled a new bike sharing program, with the aim of further bolstering the transportation options available to residents and the public.

Office
After pitch to Amazon, Trenton feels it’s one step closer to unlocking its potential

Making a pitch for Amazon’s second headquarters achieved two very important goals for Trenton: Not only did the city submit a competitive, coordinated bid for Amazon HQ2 — a feat that may have seemed unlikely in past years — but it created a blueprint for showing its vast potential as a vibrant, mixed-use destination for other large corporations.

Finance & Capital Markets
Procida touts $69 million construction loan in Jersey City among 2017 highlights

A developer has repaid a nearly $70 million construction loan for a Jersey City condominium project, in one of several year-end highlights touted by Procida Funding.

Industrial
Nursery furniture maker leases 32,000 sq. ft. in Edison

A business that makes furnishings for nurseries has leased 32,000 square feet at an Edison industrial building, brokerage firm Sheldon Gross Realty said Monday.

Industrial
Blau & Berg: N.Y.-based food wholesaler leasing 7,300 sq. ft. in Essex County

A growing food products wholesaler is relocating to more than 7,000 square feet in Essex County, under a recent industrial lease announced Monday by The Blau & Berg Co.

Retail
Branchburg building sold for gas station expansion

A gas station operator in Branchburg has acquired an adjacent building as part of a plan to build a new 3,000-square-foot convenience store, in a deal arranged by Remco Realty Group.

Hospitality & Tourism
Ex-Revel owner still has big plans for Atlantic City, report says

The developer who just sold the shuttered Revel Casino Hotel says he’s still looking to have a major role in Atlantic City, where he reportedly still owns dozens of properties.

Industrial
New 725,000 sq. ft. facility will serve as distribution, customer service hub for Best Buy

A new Best Buy distribution center is slated to open in Piscataway by this year’s holiday shopping season, under a 725,000-square-foot lease touted Friday by Rockefeller Group.