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.

Current Issue
The suburbs need to adapt: A roadmap for towns to reinvent themselves

By Peter S. Reinhart We all get older until we don’t. During our lifetime, our bodies age and we do our best to slow down the process of aging, but inevitably the end arrives. The use of our land is…

People
Three promoted to VP at Garibaldi Group

The Garibaldi Group has promoted three sales associates who the firm says have been the driving force behind the office leasing team at the Bell Works redevelopment project in Holmdel.

Retail
Former gas station site in West Caldwell sold, slated for redevelopment

A local developer has acquired a former gas station site in West Caldwell that has approvals to be rebuilt as a retail bank, in a sale brokered by NAI James E. Hanson.

Retail
New owners plan $5 million makeover at Mercer County retail center

A joint venture has acquired a nearly 400,000-square-foot shopping center in Mercer County and is now planning some $5 million in upgrades at the grocery-anchored property.

Industrial
3PL continues growth at Prologis building in South Brunswick

A third-party logistics firm has once again expanded at a South Brunswick industrial park, CBRE said Tuesday after representing the tenant in the 210,600-square-foot lease.

Office
NAI Mertz brokers Gloucester County office trade

A real estate private equity firm has acquired a 45,000-square-foot office building in Woodbury, following a deal arranged by brokers with NAI Mertz.

Office
NAI Hanson: Flooring, design firm expanding with Morris County acquisition

A flooring and interior design business will become both an owner and occupier after acquiring a 10,000-square-foot office building in Flanders, according to NAI James E. Hanson.

Office
Denholtz inks Bergen County lease with dental implant maker

A dental implant maker has leased more than 8,000 square feet of office space in Englewood Cliffs, joining the tenant roster at a building owned by Denholtz Associates.

People
N.J. health care specialist joins Marcus & Millichap

Marcus & Millichap has bolstered its national investment sales team with the addition of a New Jersey health care real estate specialist, the firm said Tuesday.

Retail
LMC brokers restaurant lease in Somerset County

An Asian restaurant is the latest addition to a Somerset County shopping center after inking a 4,000-square-foot lease at the property, Levin Management Corp. said Tuesday.