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.

Retail
Burger chain coming to mixed-use Bloomfield project

A fast casual burger chain is set to anchor the ground-floor retail space at a recently built, luxury apartment building in downtown Bloomfield, following a deal brokered by Ripco Real Estate.

People
Transwestern names new operations director in New Jersey

Transwestern has hired a real estate industry veteran as its new director of operations in New Jersey, the brokerage and service firm announced.

Retail
NRDC looks to forge ahead with Wegmans-anchored lifestyle center in Middletown

A developer is hoping to build support for a plan that would bring a new high-end retail center to Middletown, one that it says will be a modern alternative to the aging, cookie-cutter strip malls and big-box stores that line the Route 35 shopping corridor.

Industrial
Burlington warehouse sold for $2.7 million, Colliers says

A firm that is relocating from New York has acquired a 40,500-square-foot industrial building in Burlington, in a deal brokered by Colliers International.

Professional Services
Withum promotes CPAs in construction, real estate practices

Two accountants specializing in construction and commercial real estate are among nine senior managers who have been promoted to partner at WithumSmith+Brown PC, the firm announced.

Health Care & Education
WCRE: 28,000 sq. ft. school complex in South Jersey has new owner

Wolf Commercial Real Estate has brokered the sale of a 28,000-square-foot educational complex in Burlington County, the firm announced.

Industrial
Piscataway site sold for $57 million, setting up 2.4 million sq. ft. industrial development

A joint venture has sold a 228-acre former brownfield site in Piscataway for $57 million, following a three-year effort to secure approvals that would allow the parcel to be redeveloped as a 2.4 million-square-foot industrial park.

Residential & Mixed Use
Bijou, Intercontinental kick off latest Hoboken project

A joint venture has broken ground on a mixed-use project that will bring 424 new luxury apartments, a recreation center and a two-acre park to a swath of western Hoboken.

Retail
Developers break ground on Whole Foods-anchored center in Parsippany

Construction is underway at a new 150,000-square-foot retail center that is slated to bring a long-awaited new Whole Foods Market to Parsippany, the developers said Wednesday.

Office
Saddle Book office owner sells leasehold interest, Marcus & Millichap says

A private investor has paid more than $2.3 million to acquire a leasehold interest in an 83,160-square-foot office building in Saddle Brook, Marcus & Millichap said Wednesday.