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.

Retail
Newark awards $1.2 million to seven city small businesses, supporting growing retail scene

Newark city officials are giving a boost to local businesses, pledging $1.2 million in funding for seven restaurants and organizations as part of a plan to activate its retail corridors.

Retail
WCRE: Wrestling & Training Center inks lease at Camden County strip center on Route 73

A business known as Wrestling & Training Center has taken space at a Route 73 retail property in Camden County, in a deal arranged by Wolf Commercial Real Estate.

Industrial
Amazon warehouse in Mount Olive sells for $29 million, Branch Industrial says

Asset Realty & Construction Group has sold a 132,000-square-foot industrial building in Mount Olive for more than $29 million, in a newly announced deal by Branch Industrial.

Industrial
Larken, Vision Wheel ink 32,000 sq. ft. flex industrial lease in Flemington

Larken Associates has lured a new tenant to a Flemington industrial park, leasing more than 32,000 square feet to a company that specializes in aftermarket wheels for vehicles.

Industrial
Peak Construction begins fit-out for 55,000 sq. ft. Soligent facility in Millstone

Construction is underway in Millstone on a nearly 55,000-square-foot space for Soligent, a distributor of equipment for solar panels and other clean energy products.

Retail
Club Pilates leases 3,000 sq. ft. amid upgrades at Bayonne retail center, LMC says

Club Pilates has taken 3,000 square feet at a soon-to-be-updated retail center in Bayonne, in a newly announced transaction by Levin Management Corp.

Residential & Mixed Use
Denholtz, LMG debut ‘Stadium Lofts’ project outside North Carolina ballpark

Denholtz Properties is expanding its presence in North Carolina through its role in a newly completed, 42-unit luxury apartment building northeast of Charlotte.

Office
JLL: Day Pitney lease comes amid major updates to 176,000 sq. ft. Parsippany office building

A new lease by a top East Coast law firm is now a key piece of a landlord’s plan to reposition a Parsippany office building, the onetime home of a major pharmaceutical company.

Government & Public Policy
Bayonne city council votes to allow 50-story building in key redevelopment area

Officials in Bayonne have taken a key step toward allowing a developer to build a 50-story high-rise along its waterfront, doubling the previous height allowed for any building in the city.

Residential & Mixed Use
Marcus: Value-add 17-unit rental building in Union City trades for $2.1 million

A private investor has purchased a 17-unit apartment building in Union City for more than $2.1 million, brokers with Marcus & Millichap announced Monday.