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
JLL: Sitex sells newly renovated, 1.44-acre industrial outdoor storage portfolio in Moonachie

Sitex Group has sold two industrial outdoor storage properties in Moonachie to a joint venture of Sagard Real Estate and La Caisse, brokers with JLL announced this week.

Events
NRBP to honor Giantomasi alongside NJIT, Urban League at an annual foundation dinner

Newark native and prominent real estate attorney Frank Giantomasi will be among the honorees at the Renaissance Newark Foundation’s annual Partners & Leaders Dinner, headlining the program alongside New Jersey Institute of Technology and the Urban League of Essex County.

Deals
Rutgers Junior Spirit Program takes 6,700 sq. ft. in New Brunswick, Sheldon Gross says

A youth dance team operated by Rutgers University has leased nearly 6,700 square feet at a New Brunswick commercial building, in a newly announced deal by Sheldon Gross Realty.

Top News
Vantage Commercial lists one-acre assemblage near Atlantic City coastline

A land assemblage just two blocks from the Atlantic City Boardwalk is on the market for sale, brokers with Vantage Commercial announced Thursday.

Office
Newmark: Red Bank’s River Centre more than 90 percent full after 48,000 sq. ft. in new leases

A joint venture has filled nearly 48,000 square feet at a well-known office campus in Red Bank, securing four new tenants in a series of deals arranged by Newmark.

Industrial
Kurv acquires four-building, 256,000 sq. ft. industrial portfolio in Carlstadt, East Rutherford

Kurv Industrial has expanded its holdings in the Meadowlands with its purchase of a four-building portfolio comprising more than 256,000 square feet of warehouse space.

Office
Buyer wanted for new-look 167,000 sq. ft. office park outside Princeton, JLL says

The owner of a nearly 167,000-square-foot office park in Lawrence Township has listed it for sale, following a major update that has sparked renewed tenant activity at the campus.

Retail
LMC: Sprouts Farmers Market takes 29,000 sq. ft. in key lease at Somerset Shopping Center

A retail center in Bridgewater has scored its first-ever grocery anchor after signing a lease with Sprouts Farmers Market, in a newly announced deal by Levin Management Corp.

Professional Services
Remediation expert Huss joins GZA’s Fairfield team as associate principal, vice president

GZA GeoEnvironmental Inc. has named Edward J. Huss as an associate principal and vice president, further bolstering its environmental assessment and remediation group in the region.

Retail
Korean spa eyes first location with new lease at Livingston Town Center, Azarian says

A new spa concept is coming to Livingston Town Center after leasing one of the property’s few remaining spaces, according to a brokerage team with Azarian Realty Co.