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
Shalek brothers, identical twins, making their mark in low-coverage industrial, with ground-up development on the horizon

Identical twins Eric and Scott Shalek are building a portfolio of low-coverage and outdoor industrial storage sites in New Jersey after launching Ridgecut Road in early 2022, with plans to begin their first ground-up warehouse project later this year.

Top News
Panepinto, Incheon City sign MOU to execute $5.1 billion development in South Korea

Panepinto Properties is embarking on another major project in South Korea, having agreed to spearhead a $5.1 billion mixed-use development near Seoul-Incheon International Airport.

Health Care & Education
DIGroup details reimagined amenity spaces at Lester Senior Living in Whippany

Jewish Community Housing Corp. has unveiled a host of new amenity spaces at a senior living campus in Morris County, following a project spearheaded by DIGroup Architecture.

Retail
Vita & Vita, Sport Clips ink 1,000 sq. ft. lease to fill Lincoln Park retail center

Vita & Vita Realty Corp. has leased 1,000 square feet in Lincoln Park to Sport Clips, securing a new tenant for a shopping center along Route 202.

Industrial
Logistics firm takes 355,000 sq. ft. at new Crow Holdings industrial campus in Carteret

Crow Holdings Development has landed a second tenant for its new 1.2 million-square-foot industrial park in Carteret, leasing 355,000 square feet to a global logistics firm.

Industrial
Greek: Construction begins for 216,000 sq. ft. Mount Laurel cold storage project

RL Cold and BentallGreenOak have broken ground on a nearly 216,000-square-foot cold storage warehouse in Mount Laurel, with Greek Design|Build spearheading construction on their behalf.

Deals
Resource Realty of Northern New Jersey touts 866,000 sq. ft. in leases, sales at midyear

Three key asset classes have fueled leasing and sales activity for Resource Realty of Northern New Jersey, helping it complete more than 40 transactions during the first half of 2024.

Industrial
JLL: Vision sells Orange County tract slated for 835,000 sq. ft. logistics campus to CHD

Vision Real Estate Partners has sold a 92-acre industrial development site in New York’s Orange County, some 20 miles from the Bergen County border, in a deal arranged by JLL.

Industrial
BRC: Hartz, trucking firm ink lease for industrial outdoor storage space in North Bergen

A trucking company has leased three acres of industrial outdoor storage space in North Bergen, in a newly announced deal by Bussel Realty Corp.

Residential & Mixed Use
Accurate’s new 185-unit rental property in Little Falls more than 90 percent leased

Development firm Accurate has nearly filled its new 185-unit luxury apartment property in downtown Little Falls and minutes from the township’s NJ Transit station.