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
TFE-owned self-storage building in Howell transitions to CubeSmart

CubeSmart has taken over management of a 78,000-square-foot self-storage facility in Howell, part of a mixed-use portfolio owned by TFE Properties for more than 25 years.

Retail
Abercrombie leases 5,000 sq. ft. for new downtown Hoboken location, Grid Real Estate says

Abercrombie & Fitch is coming to Hoboken’s main retail corridor after leasing 5,000 square feet at a prominent corner property downtown.

Residential & Mixed Use
A key step: For Prism, bringing residential property management in-house is a goal years in the making

Prism Capital Partners has reached a long-held goal of taking its residential property management in-house, a move that is already bearing fruit by providing real-time data that can boost performance, while reducing turnover and optimizing rental rates to ensure that the firm is enhancing the value of each property.

Industrial
Iron Hill debuts 1 million sq. ft. warehouse for Burlington in Logan Township

Burlington, the off-price retailer, is up and running inside more than 1 million square feet of industrial space in Logan Township after a fit-out by Iron Hill Construction Management.

Government & Public Policy
BPU, developers eye continued growth of rooftop solar with new $156 million EPA grant

New Jersey’s solar industry is getting a $156 million infusion of federal funds, as state officials continue their focus on projects that will help low-income and disadvantaged communities.

Office
JLL details 38,000 sq. ft. in new leasing at updated Rockaway office building

A new tenant has leased nearly 26,000 square feet at a renovated office building in Rockaway, the largest of several new deals at the property announced by JLL.

Retail
Pierson: Indian eatery takes 3,500 sq. ft. in Hillsborough, bringing retail center to full occupancy

A shopping center on Route 206 in Hillsborough is now fully leased after new commitment by an Indian restaurant, in a deal arranged by Pierson Commercial.

Retail
Upscale seafood restaurant opens at LeFrak’s Newport community in Jersey City

LeFrak has welcomed a new seafood restaurant to the base of an apartment tower in its 600-acre Newport district in Jersey City.

Industrial
Dermody unveils 429,000 sq. ft. Burlington County warehouse, taps Newmark as leasing team

Dermody Properties is debuting its latest New Jersey industrial project, unveiling nearly 430,000 square feet in Burlington County that it’s now marketing alongside brokers with Newmark.

Office
Sumitomo Mitsui Trust signs new lease, relocates in SJP’s Waterfront Corporate Center

Sumitomo Mitsui Trust Bank has signed a new 30,000-square-foot lease in Hoboken that has allowed it to relocate within SJP Properties’ Waterfront Corporate Center I.