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
New LG distribution center shows growing strength of Exit 8 industrial market

A developer has opened the doors to a new 410,300-square-foot industrial building in East Windsor that will serve as a distribution center and warehouse for LG Electronics USA.

Office
VREP details new 90,000 sq. ft. lease with Billtrust in Lawrenceville

Vision Real Estate Partners is set to welcome another large corporate tenant to its portfolio, following a 90,000-square-foot lease in Lawrenceville with an invoicing and payment software firm.

Industrial
Tulfra celebrates Oktoberfest while unveiling flex building in West Caldwell (SLIDESHOW)

Tulfra Real Estate has completed a major renovation a 108,000-square-foot flex building in West Caldwell — taking a rather seasonal approach recently when it unveiled the space to brokers.

Industrial
CPN: Auction house buys 16,000 sq. ft. Hunterdon County building

An auction house is expanding its footprint with the acquisition of a 16,000-square-foot building in Lambertville, according to the brokerage firm Commercial Property Network.

Retail
LMC: Restaurant inks second N.J. location in Franklin Twp.

An Afghan and Middle Eastern restaurant business is set to expand into Somerset County, following a commitment to a 266,000-square-foot shopping center in Franklin Township.

Photos
IN THE MOMENT: Miles Berger honored at Downtown New Jersey conference

Miles Berger, CEO of Berger Organization in Newark, was honored recently as an Individual of Excellence by Downtown New Jersey in recognition of his leadership and dedication to downtown development.

Professional Services
Engineering firm looks to drone technology to propel its business forward

Kipcon Engineering has worked to expand and modernize its practice with the use of drones, using the technology for everything from surveying and road repairs to moisture testing and building inspections — providing a new frontier for engineering and construction professionals.

Industrial
CBRE: Rent growth shows no signs of slowing in N.J. industrial sector

Average asking rents across the state’s booming industrial market have eclipsed $6.50 per square foot, continuing a steady climb that is now five years and counting.

Residential & Mixed Use
Mack-Cali, Ironstate building in Jersey City hits leasing milestone

Renters have flocked to the distinctive 762-unit residential tower known as Jersey City Urby, bringing the building to nearly full occupancy only eight months after opening.

People
Atlantic Real Estate broker promoted to VP

Atlantic Real Estate Services has promoted one of its brokers to vice president, following his completion of more than 1 million square feet of deals over the past year.