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
Party City going out of business, plans to shutter 700 stores nationwide

Party City is set to close its roughly 700 stores nationwide, including two dozen in its home state of New Jersey, as the struggling retailer prepares to go out of business.

Industrial
Denholtz inks 32,000 sq. ft. lease for first deal at new Texas industrial campus

Denholtz Properties has snagged its first tenant at more than 213,000 square feet of newly built logistics space in Texas, leasing nearly 32,000 square feet to OTC Industrial Technologies.

Industrial
New 1.1 million sq. ft. Sayreville logistics park getting 10.5-megawatt solar project

Rooftop solar panels are coming to a newly built, 1.1 million-square-foot logistics park in Sayreville under an agreement between its developer and a renewable energy firm.

Government & Public Policy
Netflix one step closer to 1.2 million sq. ft. Fort Monmouth hub with $387 million Aspire award

Netflix has taken a major step in its plan to build a 1.1 million-square-foot studio campus at Fort Monmouth, having secured a $387 million tax credit award under New Jersey’s Aspire program.

Retail
Vito Mazza, fixture in downtown Woodbridge, opens new salon at Prism’s Avenue & Green

Prism Capital Partners has welcomed a full-service salon and spa to its Avenue & Green project in Woodbridge, providing a new home for one of the township’s best-known businesses.

Retail
Better Homes and Gardens leases 1,400 sq. ft. at Ringwood retail center, Azarian says

Better Homes and Gardens Real Estate has taken more than 1,400 square feet at a Ringwood retail property, according to a brokerage team with Azarian Realty Co.

Deals
Vantage Commercial inks sale of Woodbury commercial property

A partnership has sold a nearly 900-square-foot commercial building in the Gloucester County city of Woodbury, in a newly announced deal by Vantage Commercial.

Industrial
Mapletree plans 250,000 sq. ft. warehouse after buying fully approved Westampton parcel

Real estate firm Mapletree Investments has acquired nearly 23 acres in Burlington County where it plans to build a 250,000-square-foot logistics facility just off the New Jersey Turnpike.

Current Issue
Owners Council Q&A: Jeff Milanaik

Our industry, like all others, has seen an ebb and flow since 2020. While we received the benefit of thriving business immediately following the pandemic, the last few years have brought us stabilization. As seasoned professionals in the industry, Bridge Industrial recognized that the level of activity we had during COVID could not be sustained for an extended time. In fact, as early as 2022, in my role as NAIOP Corporate Chair, the signs of a shift began to appear, and activity began to shrink. However, as we are heading into the end of 2024, we are beginning to see signs of increased activity and customer demand.

Finance & Capital Markets
CBRE: Daten Group secures $17 million refi of 46-unit Hoboken rental property

The developer of a 46-unit luxury apartment building in Hoboken has refinanced the property with a $17 million loan, in a newly announced deal by CBRE.