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
LEG unveils 495,000 sq. ft. logistics park at former office campus in Morris Plains

Lincoln Equities Group has taken the wraps off nearly 500,000 square feet of modern industrial space in Morris County as part of a new two-building project near Route 10.

Residential & Mixed Use
JLL: Veris sells Wall Township tract slated for 296 townhomes to Lennar

Veris Residential Inc. has sold 47 acres in Wall Township to Lennar Corp., in a deal arranged by JLL, paving the way for a project that will bring nearly 300 new townhouses to the site.

Residential & Mixed Use
Developer eyes 36-unit workforce housing project in Plainfield, Taylor Architecture says

A developer has moved closer to building a new 36-unit workforce housing property in Plainfield after securing approvals earlier this month from the city’s planning board.

Office
Sanzari leases 4,500 sq. ft. in Elmwood Park to mental health practice

A mental health practice has leased nearly 4,500 square feet of office space in Elmwood Park, adding to the tenant roster at a building owned by Alfred Sanzari Enterprises.

Industrial
DH Property Holdings acquires 55,000 sq. ft. Swedesboro industrial building

DH Property Holdings LLC has added to its South Jersey portfolio with the acquisition of a 55,000-square-foot industrial building in Swedesboro.

Professional Services
VHB acquires Manasquan-based Hammer Land Engineering to strengthen Northeast team

Professional services firm VHB has expanded its reach in New Jersey with the acquisition of Manasquan-based Hammer Land Engineering, the firms announced this week.

Office
B&G Foods takes 46,000 sq. ft. for new headquarters at revamped Parsippany office building

B&G Foods has found a new home in Parsippany after leasing 46,000 square feet at a soon-to-be-updated office building, brokers with JLL announced Monday.

Finance & Capital Markets
Turnbridge lands $80.3 million acquisition loan for Bayonne industrial property, JLL says

Turnbridge Equities has acquired some 613,000 square feet of industrial space on nearly 18 acres in Bayonne with the help of an $80.27 million loan arranged by JLL.

Retail
PREIT adding 120,000 sq. ft. DICK’S House of Sport to Cherry Hill Mall

A new DICK’S House of Sport is coming to the Cherry Hill Mall, marking a key addition to the evolving tenant roster at the PREIT-owned property.

Office
Cushman named leasing agent for two-building, 230,000 sq. ft. office complex near Morristown

Vision Properties has named a new leasing agent for two office buildings outside Morristown, tapping Cushman & Wakefield for the assignment at the 230,000-square-foot portfolio.