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.

Top News
Accordia 2.0: Inside the commercial real estate firm’s next chapter — and the story behind its new leadership team

Accordia is entering a new phase as a developer, investor and asset manager, with high-profile additions to its team, a revamped business plan and several major projects on the horizon.

Industrial
Trucking firm expands to 159,000 sq. ft. at Seagis-owned warehouse in Metuchen, BRC says

A trucking company has expanded to nearly 159,000 square feet at an industrial property in Metuchen, Bussel Realty Corp. announced in a news release Monday.

Office
Marcus: Longtime owners sell 27,000 sq. ft. Atlantic County office complex for $3.1 million

A private investor has acquired a multitenant office complex in Egg Harbor Township for just over $3 million, Marcus & Millichap announced Monday.

Retail
Goldstein Group: McDonald’s leases 4,500 sq. ft. in Somerset to revive restaurant pad site

McDonald’s has found a new home in the Somerset section of Franklin after leasing a site that once housed a rival chain, brokers with The Goldstein Group announced Monday.

Residential & Mixed Use
NJAA honors Larken property management team for Warren County rental complex

The New Jersey Apartment Association has recognized the management team behind one of Larken Associates’ newest luxury rental properties in New Jersey.

Residential & Mixed Use
JLL: 194-unit Fort Lee rental property on the market for sale in rare Gold Coast offering

The owner of a 194-unit luxury apartment building in Fort Lee is seeking a buyer for the property, giving investors a chance to own a piece of the booming Gold Coast rental market.

People
Sitex Group promotes Kaplan to senior vice president

Sitex Group has promoted Jackson Kaplan to senior vice president, citing his role in its investment activities and in growing its portfolio outside New Jersey.

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.