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.

Office
Law firm inks 5,000 sq. ft. office lease in Marlton, WCRE says

A boutique law firm has leased about 5,000 square feet at a Marlton office building along Route 73, in a deal brokered by Wolf Commercial Real Estate.

Residential & Mixed Use
Joint venture breaks ground in Jersey City on state’s first micro apartment project

Developers have kicked off construction at what they say is the state’s first micro apartment building in New Jersey, while marking the latest project to move ahead in Jersey City.

Retail
NAI Hanson: New owner of Caldwell bank building plans conversion

Wells Fargo has sold a corner bank building in downtown Caldwell, paving the way for its new owner to convert it to a mixed-use property for office and retail tenants.

Government & Public Policy
NJAA earns national awards for leadership, advocacy

The New Jersey Apartment Association has earned national recognition for its work in the Garden State, including a prestigious top honor for its executive director.

Retail
Middlesex County retail property sells for $1.2 million

A freestanding retail building in North Brunswick has changed hands among private investors, in a nearly $1.2 million sale brokered by Marcus & Millichap.

Government & Public Policy
Special liquor permit bill would aid development in downtown Hackensack, advocates say

Amid the sweeping push to reform the state’s outdated liquor license laws, stakeholders in Hackensack are seeking a more targeted solution for their city. Business leaders and local officials have thrown their support behind a bill that would allow builders in transit-oriented, downtown redevelopment zones to apply for yearly liquor permits based on the new residents that their projects would bring to the area.

Office
JLL inks new office, warehouse deals at Prologis building

Real estate services firm JLL has completed a series of leases at a Prologis Inc. building in Secaucus, accounting for nearly 42,000 square feet of activity at the 143,057-square-foot property.

Industrial
Sitex acquires warehouses in Bergen, Essex counties

Sitex Group, an industrial real estate investor, has added to its portfolio in northern New Jersey with the acquisition of warehouses in Englewood and West Caldwell.

Retail
Falafel chain coming to mixed-use Hudson Lights project in Fort Lee

A regional falafel chain has joined the tenant mix at Hudson Lights, the 1 million-square-foot residential, retail and entertainment complex near the George Washington Bridge in Fort Lee.

Retail
Hartz, Whole Foods break ground on first ‘365’ store in New Jersey

A crowd gathered on Tuesday to hail one of the most-anticipated additions to the Hudson waterfront, a planned Whole Foods 365 store that will be the first of its kind in New Jersey.