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.

Industrial
STRO, KRE add 43,000 sq. ft. in Florida with new industrial sale-leaseback deal

The STRO Cos. and KRE Group have signed a new sale-leaseback deal for two buildings in Florida, adding more than 43,000 square feet to their fast-growing portfolio in the state.

Residential & Mixed Use
Connell unveils new renderings of two-phase, 328-unit rental project in Berkeley Heights

The Connell Co. is offering a new glimpse of the two apartment buildings it’s developing at The Park, its flagship business and hospitality campus in Berkeley Heights.

Events
Milanaik to receive lifetime achievement award as NAIOP honors top CRE deals, professionals

Esteemed developer Jeff Milanaik will headline this year’s NAIOP New Jersey Commercial Real Estate Awards Gala, where the association will also unveil its coveted Deal of the Year winners while honoring several other key figures and service providers.

Industrial
Yahee Technologies takes 154,000 sq. ft. in Cranbury in one of two NAIDB industrial deals

An industrial user has leased a 154,000-square-foot building at a Prologis-owned campus in Cranbury, in one of two newly announced deals by NAI DiLeo-Bram & Co.

Professional Services
Veteran real estate attorney Bandazian joins Giordano Halleran as shareholder

Longtime commercial real estate attorney Khoren Bandazian has joined Giordano, Halleran & Ciesla PC as a shareholder, the Red Bank-based firm announced Wednesday.

Events
SLIDESHOW: Thousands arrive for Atlantic Builders Convention in Atlantic City

Thousands descended on Atlantic City on Wednesday as the Atlantic Builders Convention kicked off its first full day, drawing a crush of developers, vendors and service providers to a sprawling exhibit floor and a series of programs at the Hard Rock Hotel & Casino.

Retail
LMC brokers 62,000 sq. ft. lease for new ShopRite in Staten Island

A new 62,000-square-foot ShopRite is coming to Staten Island as part of a deal arranged by North Plainfield-based Levin Management Corp., the firm announced this week.

Food & Beverage
Food, beverage users ramp up expansion in New Jersey as JLL inks 24,000 sq. ft. in new leases

Food and beverage users are expanding across northern and central New Jersey — with more moves likely to follow — as part of a series of newly announced lease deals by JLL.

Events
Atlantic Builders Convention returns with expanded programs, cautious optimism around housing policy in New Jersey

The Atlantic Builders Convention has returned to the Hard Rock Hotel & Casino, where cautious optimism around New Jersey housing policy comes alongside the excitement of a bigger convention floor, a revamped schedule of special events and an expanded lineup of seminars focused on everything from design trends and financing to environmental cleanup.

Industrial
Taconic acquires 360,000 sq. ft. North Brunswick industrial building for $74 million

Taconic Partners has added its second New Jersey industrial building with the purchase of a fully leased, 360,000-square-foot facility in North Brunswick for $74.3 million.