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
Furniture store leases 15,000 sq. ft. in Linden as new development drives retail demand

A home interiors store is expanding to New Jersey after taking 15,000 square feet at a Linden retail property, according to a brokerage team with JLL.

Retail
Grocery-anchored, 46,000 sq. ft. retail center in Paulsboro sells for $2.5 million, Marcus says

A private investor has sold a more than 46,000-square-foot retail center in Paulsboro for some $2.5 million, brokers with Marcus & Millichap announced last week.

Retail
Fine jewelry store takes 1,200 sq. ft. at mixed-use property in Berlin, WCRE says

A jewelry business has leased 1,200 square feet of retail space in the Camden County borough of Berlin, in a newly announced deal by Wolf Commercial Real Estate.

Industrial
CRG, PCCP to develop 576,000 sq. ft. industrial park near Phillipsburg

A joint venture has unveiled plans for nearly 576,000 square feet of new industrial space in Warren County as part of a two-building project near Interstate 78.

Community
Pillar Care, nonprofit with strong ties to New Jersey real estate sector, set to honor Elberon’s Gibbons at upcoming fundraiser

Elberon Development Group’s Dave Gibbons will take center stage next week as the honoree for Pillar Care Continuum’s largest annual fundraiser, continuing the commercial real estate industry’s longtime support of the nonprofit serving those with disabilities and special needs.

People
Larken promotes Eickmeyer to chief investment officer

Larken Associates has promoted David Eickmeyer to chief investment officer, touting his role in supporting the firm’s growing portfolio of commercial and multifamily properties.

Retail
Levin-managed Wall Towne Center scores 2024 TOBY award from BOMA-NJ

A grocery-anchored retail center in Manasquan is among this year’s winners of the annual TOBY awards handed out by the Building Owners & Managers Association of New Jersey.

Industrial
Vantage Commercial: Refrigeration gasket manufacturer takes 15,000 sq. ft. in Pennsauken

A maker of commercial refrigeration gaskets has leased more than 15,000 square feet of industrial space in Pennsauken, brokers with Vantage Commercial announced Thursday.

Residential & Mixed Use
Developers unveil new 135-unit rental property in Newark’s Ironbound section

Leasing is underway at a new 135-unit luxury apartment building in Newark’s Ironbound neighborhood, where local officials recently joined the project team for a soft launch event.

Industrial
Organic foods company expands in Moonachie, buys 71,000 sq. ft. warehouse for $21 million

A natural and organic food distributor has purchased a nearly 71,000-square-foot industrial building in Moonachie, its second acquisition in the borough in some five months.