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
CRG, PCCP to develop 576,000 sq. ft. industrial park near Phillipsburg

A joint venture has unveiled plans for nearly 576,000 square feet of new industrial space in Warren County as part of a two-building project near Interstate 78.

Community
Pillar Care, nonprofit with strong ties to New Jersey real estate sector, set to honor Elberon’s Gibbons at upcoming fundraiser

Elberon Development Group’s Dave Gibbons will take center stage next week as the honoree for Pillar Care Continuum’s largest annual fundraiser, continuing the commercial real estate industry’s longtime support of the nonprofit serving those with disabilities and special needs.

People
Larken promotes Eickmeyer to chief investment officer

Larken Associates has promoted David Eickmeyer to chief investment officer, touting his role in supporting the firm’s growing portfolio of commercial and multifamily properties.

Retail
Levin-managed Wall Towne Center scores 2024 TOBY award from BOMA-NJ

A grocery-anchored retail center in Manasquan is among this year’s winners of the annual TOBY awards handed out by the Building Owners & Managers Association of New Jersey.

Industrial
Vantage Commercial: Refrigeration gasket manufacturer takes 15,000 sq. ft. in Pennsauken

A maker of commercial refrigeration gaskets has leased more than 15,000 square feet of industrial space in Pennsauken, brokers with Vantage Commercial announced Thursday.

Residential & Mixed Use
Developers unveil new 135-unit rental property in Newark’s Ironbound section

Leasing is underway at a new 135-unit luxury apartment building in Newark’s Ironbound neighborhood, where local officials recently joined the project team for a soft launch event.

Industrial
Organic foods company expands in Moonachie, buys 71,000 sq. ft. warehouse for $21 million

A natural and organic food distributor has purchased a nearly 71,000-square-foot industrial building in Moonachie, its second acquisition in the borough in some five months.

Top News
Weiss-owned retail, office property in Edison on the market for sale, Marcus says

Weiss Realty is seeking a buyer for a more than 77,000-square-foot shopping center and office park in Edison, in a newly announced offering by Marcus & Millichap.

Office
Zimmel: Three tenants combine for 26,000 sq. ft. in flurry of leases at Edison office park

Three new tenants are coming to an Edison office complex after a series of deals totaling nearly 26,000 square feet, according to a brokerage team with Zimmel Associates.

Health Care & Education
Katz & Associates: Englewood Health takes 3,000 sq. ft. at ex-restaurant site in Fair Lawn

Englewood Health is adding a location in Bergen County after leasing a former Boston Market building in Fair Lawn, brokerage firm Katz & Associates announced this week.