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.

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.

Office
Church renews 6,200 sq. ft. lease at Key Properties building in Englewood

A church has renewed the lease at its longtime home in Englewood, where it occupies more than two-thirds of a 9,000-square-foot building owned by Key Properties.

Industrial
Bridge details blockbuster industrial sale to Duke Realty

Bridge Development Partners has reaped more than $500 million from the sale of a 3.4 million-square-foot industrial portfolio, including more than 2 million square of space in New Jersey.

Residential & Mixed Use
HFF: Investors acquire AvalonBay community in Mercer County

AvalonBay Communities Inc. has sold a 312-unit apartment complex in Lawrenceville for nearly $90 million, marking the developer’s second sale of a New Jersey property in recent weeks.

Retail
Pilates chain set to continue rapid expansion in N.J., Ripco says

A fast-growing Pilates chain has added roughly 20 locations in New Jersey in the past two years, with plans to add at least another 10 in the state as part a continued nationwide expansion.

Office
Pharma firm inks 37,000 sq. ft. HQ lease in Saddle Brook

A pharmaceuticals firm has taken a full floor at a Saddle Brook office building as part of a relocation of its global headquarters, according to brokers involved with the deal.

Industrial
Zimmel touts more than 63,000 sq. ft. in northern, central N.J. deals

A global logistics and shipping company has leased a 20,000-square-foot warehouse in Carteret, in one of six recent transactions announced this week by Zimmel Associates.