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.

Residential & Mixed Use
Second phase of Jersey City rental project by Alpine, Fields Grade now 95 percent leased

Alpine Residential and Fields Grade have all but filled a new 87-unit rental building in Jersey City, touting continued demand for upscale apartments in the Bergen-Lafayette neighborhood.

Industrial
Advance, Greek lease 165,000 sq. ft. to 3PL firm in latest deal at Linden Logistics Center

Advance Realty Investors and Greek Real Estate Partners have leased 165,000 square feet in Linden to a third-party logistics firm, bringing another tenant to their recently completed, 4.1 million-square-foot industrial campus near the New Jersey Turnpike.

Industrial
Mapletree sells U.S. industrial portfolio (including 270,000 sq. ft. in Morris County) in $328 million deal with Faropoint

Mapletree Investments Pte Ltd has sold a 1.8 million-square-foot industrial portfolio, including more than 270,000 square feet in New Jersey, to Faropoint for $328 million.

Residential & Mixed Use
BNE opens 205-unit South Amboy rental project as waterfront redevelopment project advances

BNE Real Estate Group has opened the second phase of a sweeping redevelopment project in South Amboy, debuting another 205 upscale apartments and amenities along the Raritan Bay.

Industrial
Marcus: Auto repair shop completes $3 million sale-leaseback in Green Brook

An auto repair business has sold and leased back a nearly 12,000-square-foot industrial property in Green Brook, brokers with Marcus & Millichap announced last week.

Professional Services
BLS & Co.’s Bosman earns coveted CRE credential from The Counselors of Real Estate

Tracey Hyatt Bosman, a longtime site selection professional with Biggins Lacy Shapiro & Co., has obtained the prestigious Counselor of Real Estate credential.

Retail
French, Scandinavian crepe eatery leases 1,900 sq. ft. at Middlesex retail center, CBRE says

A crepe restaurant has taken nearly 1,900 square feet at a grocery-anchored shopping center in Middlesex Borough, in a newly announced deal by CBRE.

Residential & Mixed Use
Construction begins on $400 million, 670-unit rental project in Jersey City’s SoHo West

The Albanese Organization, BXP and CrossHarbor Capital Partners have broken ground on a 670-unit multifamily project in Jersey City’s fast-growing SoHo West neighborhood.

Office
JLL: Heart health startup launches East Coast office, leases 21,000 sq. ft. outside Princeton

A biotech firm has planted a flag on the East Coast after taking more than 21,000 square feet of office space outside Princeton, in a newly announced deal by JLL.

Residential & Mixed Use
MIG Real Estate: New apartments, retail space coming to Newark’s iconic Griffith Building

A real estate firm is bringing new life to Newark’s historic Griffith Building, with plans to deliver new apartments and two floors of retail space to the downtown property.