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
With redevelopment in sight, KRE Group begins demolition of former Navy complex in Ewing

Demolition is underway at a shuttered U.S. Navy facility in Ewing, where Kushner Real Estate Group plans to build nearly 350,000 square feet of new warehouse and flex space.

Health Care & Education
Central utility plant — crucial piece of New Brunswick cancer center project — now online

A critical feature of the new Jack and Sheryl Morris Cancer Center in New Brunswick is now in place — even with more than a year to go before the highly touted facility opens its doors.

Industrial
E-Z Cargo takes 43,000 sq. ft. with outdoor storage space in Parlin, BRC says

A freight forwarder has signed a lease in Old Bridge for a 43,000-square-foot industrial building with nearly seven acres of outdoor storage space, brokers with Bussel Realty Corp. announced.

Retail
Kislak: Longtime owner sells 6,400 sq. ft. Rahway retail building

A private investor has acquired a 6,400-square-foot retail building in Rahway for $765,000, in a newly announced deal by The Kislak Co. Inc.

Office
Technogym leases 18,000 sq. ft. at Vision Properties’ 70 Hudson in Jersey City

Fitness equipment maker Technogym has taken 18,000 square feet of office space along the Hudson waterfront in Jersey City, under a recent deal with Vision Properties.

Industrial
Developers nearing completion of 300,000 sq. ft. warehouse project in Elizabeth

Nearly 300,000 square feet of new industrial space is coming to Elizabeth as part of a two-building project by Brookfield Properties, Elberon Development Group and DH Property Holdings.

Finance & Capital Markets
JLL: Seagis lands $81 million in financing for 225,000 sq. ft. United facility in Newark

Seagis Property Group has secured $81 million in permanent financing for a new warehouse adjacent to Newark Liberty International Airport, brokers with JLL announced Tuesday.

Residential & Mixed Use
Berkadia: Investor buys 36-unit Elizabeth rental property with upside for $4.8 million

The longtime owner of a 36-unit garden apartment building in Elizabeth has sold the property for $4.8 million, in a newly announced deal by Berkadia.

Residential & Mixed Use
Woodmont touts full lease-up of 120-unit rental property near Hackettstown

Woodmont Properties has completed its lease-up of a new 120-unit luxury rental property at the eastern edge of Warren County.

Retail
Toms River zoning board OKs plan for 46,000 sq. ft. retail center, Tokarski Millemann says

A developer has secured a key zoning board approval for a new 46,000-square-foot retail center in Toms River, according to a design team with Tokarski Millemann Architects.