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
Staying power: As retail changes, Harding sees new opportunities for longtime industry player

Aside from its focus on retail property, Levin Management Corp. executives say change is one of the only other constants in their business. It’s one reason why they feel they’re built to withstand the next set of shifts and challenges to an industry that is evolving as quickly as ever.

Industrial
Colliers: Bread maker renews at neighboring Carlstadt buildings

A wholesale bread maker has recommitted to two adjacent properties in the Meadowlands, where it leases nearly 170,000 square feet from separate landlords.

Professional Services
Mertz promotes longtime broker to EVP

NAI Mertz has promoted a 30-year industry veteran to executive vice president and director of brokerage and corporate services.

Residential & Mixed Use
Morgan Properties names new area VP for multifamily portfolio

A multifamily investment firm has named a new area vice president, whose duties include overseeing a portfolio of 50 apartment communities in New Jersey and two other states.

Retail
CBRE: Pop-ups, m-commerce and discounters among growing trends this holiday season

Pop-up stores are in fact set to make a return this holiday season, but they’ll be joined by a growing number of pop-up warehouses. Those are among the findings in a new report by CBRE that’s meant to forecast this year’s holiday trends in commercial real estate. The report also points to an expansion of mobile commerce and strength in discount retailing, as consumers continue to seek omnichannel access, value, variety and experiences.

Industrial
NAI Hanson: Toy maker expands, leases 27,000 sq. ft. in E. Rutherford

A maker of plush toys has leased 26,900 square feet of industrial space just west of MetLife Stadium in East Rutherford, in a deal arranged by brokers with by NAI James E. Hanson.

Residential & Mixed Use
Mixed-use Maplewood property sold to investor, Zoltek says

A local investor has acquired a mixed-use retail and residential property in one of Maplewood’s main business districts, according to the brokerage firm Zoltek Realty.

Office
Office furniture maker renews 30,000 sq. ft. lease in Mount Laurel

A furniture manufacturer has renewed its nearly 30,000-square-foot lease at a Mount Laurel office building, according to the real estate services firm Markeim Chalmers Inc.

Industrial
BRC brokers 10,500 sq. ft. industrial lease in Rahway

An industrial tenant is relocating within Union County in order to accommodate its e-commerce business, following a 10,500-square-foot lease brokered by Bussel Realty Corp.

Photos
IN THE MOMENT: IOREBA’S Fall Kick-Off Event

The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area recently hosted its Fall Kick-Off event, drawing more than 60 members and guests for a boat cruise through the New York harbor.