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
CBRE marketing 50,000-square-foot industrial complex in Kenilworth

Brokers with CBRE are seeking a buyer for a three-building, 50,000-square-foot industrial complex in Kenilworth, touting its proximity to Port Newark-Elizabeth and a lack of comparable properties in the immediate area.

Retail
SLIDESHOW: ICSC’s New York Deal Making conference

Commercial real estate brokers and executives descended on the Jacob K. Javits Convention Center in Manhattan last week for the International Council of Shopping Centers’ annual New York Deal Making conference.

Industrial
EDA awards $38 million to help linen business expand in Irvington, Trenton

An industrial linen business is poised to double its footprint in Irvington and upgrade its space in Trenton, following the approval of nearly $38 million in state tax credits over 10 years.

Government & Public Policy
Box manufacturer proposes 500,000 sq. ft. plant in Florence

The state has approved $13.6 million in tax credits to encourage a cardboard packaging manufacturer to build a 500,000-square-foot facility in Burlington County.

Government & Public Policy
Furniture remanufacturer, tech firm offered incentives to move to Camden

Three businesses could be moving to Camden next year in connection with more than $10 million in tax credits approved Tuesday by the state Economic Development Authority.

Office
Landlord unveils newly renovated Morristown office buildings (PHOTOS)

Lincoln Equities Group has completed $2 million in upgrades at two office properties just outside downtown Morristown, where it’s now marketing nearly 120,000 square feet.

Industrial
Relocation service firm acquires Irvington warehouse, NAI Hanson says

A commercial moving service is relocating from Staten Island after acquiring a 20,100-square-foot industrial building in Irvington, a broker with NAI James E. Hanson said Tuesday.

Retail
Montclair project welcomes new 2,500 sq. ft. CycleBar studio (SLIDESHOW)

CycleBar has opened the doors to a new 2,500-square-foot studio in downtown Montclair.

Government & Public Policy
Developers: State, federal reforms bring uncertainty for CRE industry in 2018

For all of the looming questions about federal tax reform, the state’s commercial real estate sector is also facing uncertainty about the impact of a new governor and Legislature.

Retail
REIT acquires 137,000 sq. ft. Middlesex County retail center

A real estate investment trust has acquired a 137,000-square-foot, grocery-anchored shopping center in South Plainfield, following a deal arranged by brokers with HFF.