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
Fragrance company takes 25,000 sq. ft. at Somerset industrial property, BRC says

A fragrance manufacturer has leased 25,000 square feet of industrial space in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Tuesday.

Retail
New fitness, health and wellness tenants commit to Urban Edge center in Middletown

Urban Edge Properties has all but filled a Monmouth County shopping center after securing three new leases totaling some 6,000 square feet.

Industrial
Crow Holdings, Logistics Plus ink 1 million sq. ft. lease at new Exit 8 industrial campus

Crow Holdings Development has landed a 1 million-square-foot industrial deal, inking a full-building lease in Millstone with one of the nation’s fastest-growing logistics firms.

Industrial
Ridgecut Road kicks off construction for 146,000 sq. ft. logistics project in Orange County

Ridgecut Road has broken ground on a project that will bring more than 146,000 square feet of industrial space to a fast-growing submarket just north of New Jersey.

Residential & Mixed Use
Halpern reaches 80 percent leased at 337-unit Jersey City rental building

Halpern Real Estate Ventures has leased more than three-quarters of Birch House, its distinctive 337-unit luxury apartment building in Jersey City’s resurgent West Side.

Office
Freehold property with office, warehouse space trades for $3.7 million, Sheldon Gross says

A private business has acquired a nearly 9,000-square-foot commercial property in Freehold for $3.7 million, brokers with Sheldon Gross Realty announced Monday.

Residential & Mixed Use
Hartz launches leasing at 250-unit Fairways at Cranford property

Leasing is underway at a new 250-unit multifamily property that has helped revitalize the former site of an aging office complex in Cranford.

Professional Services
NAI Mertz hires industrial specialist Randazzo as director

NAI Mertz has added to its brokerage team with the hiring of Sandro Randazzo as a director specializing in industrial sales and leasing.

Industrial
Catalyst lands approvals, eyes groundbreaking for 61,000 sq. ft. Edison industrial project

Catalyst Development Partners LLC has secured final approvals to build nearly 61,000 square feet of new warehouse space in Edison, the firm announced last week.

Retail
Two-building, 12,000 sq. ft. retail portfolio in Maplewood sells for $4.3 million, Marcus says

An investor has paid nearly $4.3 million for two neighboring properties in Maplewood, adding more than 12,000 square feet of retail space in a deal arranged by Marcus & Millichap.