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
LMC: New lease, ShopRite expansion bring Manasquan center to full occupancy

A shopping center in southern Monmouth County has reached full occupancy with the addition of a new salon and the expansion of the property’s anchor supermarket.

Residential & Mixed Use
VIDEO: Groundbreaking for New Brunswick Performing Arts Center

The New Brunswick Development Corp. broke ground this week on the long-awaited New Brunswick Performing Arts Center, a $172 million, 450,000-square-foot project. Here is a video from the ceremony, courtesy of the developer.

Residential & Mixed Use
Devco, public officials break ground for New Brunswick Performing Arts Center

The New Brunswick Development Corp., public officials and a host of other stakeholders broke ground Wednesday on the $172 million New Brunswick Performing Arts Center project. Slated to rise 23 stories on Livingston Avenue, the mixed-use complex stands to transform the city’s famed downtown cultural arts district, spanning 450,000 square feet that will include performance venues, office space and more than 200 luxury apartments.

Residential & Mixed Use
Here is a detailed look at the New Brunswick Performing Arts Center project

The long-awaited New Brunswick Performing Arts Center broke ground on Wednesday. Here is a breakdown of the $172 million, 450,000-square-foot project.

Industrial
Construction begins at 2.2 million sq. ft. industrial development in Piscataway

Rockefeller Group has broken ground on a 2.2 million-square-foot logistics campus in Piscataway, in what it says is one of the state’s largest remaining sites for industrial development.

Retail
Food, service tenants among new retailers at Rowan University

Five new retail tenants are set to open at Rowan Boulevard, the $400 million development that has expanded Rowan University’s campus while helping to transform downtown Glassboro.

Industrial
Sitex acquires another Meadowlands warehouse, plans renovations

Sitex Group has purchased a 40,000-square-foot industrial building in Carlstadt, with plans to make several improvements as it markets the property for lease.

Office
NAI Hanson inks 16,500 sq. ft. sale-leaseback in Bergen County

A two-story office building in River Edge has changed hands after several years on the market, following a transaction brokered by NAI James E. Hanson.

Industrial
American Equity acquires 318,000 sq. ft. waterfront warehouse in Elizabeth

A real estate firm is planning major upgrades at an industrial building beneath the Goethals Bridge, following its acquisition of the 318,000-square-foot property in Elizabeth.

Retail
Retail, residential project in Hanover was more than a decade in the making

Following an environmental cleanup, a lengthy entitlement process and several hurdles along the way, Key Properties has marked the completion of a 107,000-square-foot shopping center known as Hanover Crossroads. The complex at 110 East Hanover Ave. became fully leased within 15 months of breaking ground — anchored by major tenants such as T.J.Maxx, HomeGoods, QuickChek and AutoZone — as other new retail projects have taken shape nearby.