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
Devli adds 176,000 sq. ft. distribution center in Connecticut

Devli Real Estate has added to its portfolio in the region with the acquisition of a 176,000-square-foot industrial building outside New Haven, Connecticut.

Industrial
CBRE: Organic foods distributor buys 105,000 sq. ft. Moonachie warehouse for $31 million

A distributor of natural and organic foods has acquired a 105,000-square-foot industrial building in the Meadowlands for $31 million, in a newly announced deal by CBRE.

Government & Public Policy
Buyer wanted for 230,000 sq. ft. Treasury office building in downtown Trenton

The state is seeking a buyer for a 10-story, 230,000-square-foot office building in downtown Trenton that it says can support a range of uses and is eligible for key incentive programs.

Finance & Capital Markets
STRO, Truist close $25 million loan to refi 353,000 sq. ft. Wayne industrial building

The STRO Cos. has closed on a $25 million loan to refinance a fully leased, 353,000-square-foot industrial building in Wayne that it has owned for more than 30 years.

Retail
Rose Commercial: Ex-Cherry Hill restaurant becomes dental office after recent sale, lease

A former restaurant property in Cherry Hill has a new owner and a new tenant after a set of transactions arranged by Rose Commercial Real Estate.

Retail
WCRE completes 2,100 sq. ft. retail lease off White Horse Pike in Camden County

A retail user has leased more than 2,100 square feet in the Camden County borough of Stratford, brokers with Wolf Commercial Real Estate announced this week.

Government & Public Policy
NAIOP NJ unveils energy position paper, calls for state to slow timeline for full building electrification and focus on costs, grid reliability

State officials must slow the timeline for commercial buildings to become fully electrified, ensuring landlords will have reliable access to power and allowing policymakers to take a harder look at the costs and other hurdles to reaching that milestone by 2035.

Industrial
DH Property Holdings buys 365,000 sq. ft. industrial portfolio in Cherry Hill, Blackwood

DH Property Holdings LLC has acquired two South Jersey industrial parks for nearly $49 million, adding some 365,000 square feet of shallow-bay space to its portfolio in the region.

Industrial
Rockefeller sells new 147,000 sq. ft. Piscataway warehouse to Bridge Industrial

Rockefeller Group has sold a new 147,000-square-foot distribution center in Piscataway to Bridge Industrial, following its completion of the building earlier this year.

Top News
C&W: Piasecka Johnson Estate sells 222-acre golf course, clubhouse mansion in Princeton

The estate of a well-known family has sold a 222-acre golf course and clubhouse property near Princeton University, in a newly announced deal by Cushman & Wakefield.