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
KPR acquires 227,000 sq. ft., Acme-anchored center in Voorhees for $42 million

New York-based KPR Centers has acquired a grocery-anchored retail property in Voorhees for $41.7 million, the firm announced Friday.

Finance & Capital Markets
Developers land $250 million in financing for 132-unit Long Branch condo project

A development team has secured more than $250 million in financing for a plan to bring 132 lavish condominiums to the Atlantic Ocean shoreline in Long Branch.

Retail
Bell Works to welcome indoor pickleball venue alongside growing retail, service roster

An indoor pickleball venue is coming to the sprawling Bell Works campus in Holmdel, joining several other new additions to the property’s fast-growing tenant mix.

Health Care
North Jersey Physical Therapy takes 1,800 sq. ft. near Morristown, Sheldon Gross says

A physical therapy practice has leased nearly 1,800 square feet at a medical office building outside Morristown, in a transaction arranged by Sheldon Gross Realty.

Technology
NJIT to open 25,000 sq. ft. translational research center at NEST campus in Kenilworth

New Jersey Institute of Technology is planting a flag at the Northeast Science and Technology Center in Kenilworth, with plans to open a new research hub at the fast-growing campus.

Industrial
SL Industrial adds 165,000 sq. ft. industrial building to complete Randolph business park

SL Industrial Partners has acquired a 165,000-square-foot industrial property in Randolph, giving it full ownership of a six-building complex totaling more than 900,000 square feet.

Health Care
NAIDB: Health care users combine for 20,000 sq. ft. in Central Jersey office deals

Three health care tenants have signed leases in Bridgewater and South Plainfield as part of a series of newly announced office deals by NAI DiLeo-Bram & Co.

Office
Cushman named leasing agent for 149,000 sq. ft. flex office campus in Warren

The owner of a nearly 149,000-square-foot flex office campus in Warren has retained Cushman & Wakefield as the property’s leasing agent.

Retail
Wash Haus Inc. takes 2,900 sq. ft. in Voorhees retail deal, WCRE says

A new tenant is coming to a Voorhees retail property after completing a lease for 2,900 square feet, according to a brokerage team with Wolf Commercial Real Estate.

Industrial
Faropoint, Deugen eye groundbreaking for 195,000 sq. ft. warehouse project in New Brunswick

Faropoint and Deugen Development are set to begin construction on a project that will bring more than 195,000 square feet of new warehouse space to a key corridor in New Brunswick.