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.

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.

Health Care & Education
Nonprofit vaccine developer takes 30,000 sq. ft. at Jersey City life sciences building, CBRE says

Thor Equities Group has signed a new deal at its life sciences building in Jersey City, leasing nearly 30,000 square feet of lab-ready space to a nonprofit biotechnology organization.

Deals
Resource Realty details eight new leases, sales spanning 400,000 sq. ft.

Resource Realty of Northern New Jersey has announced a flurry of recent deals, completing eight lease and sale transactions spanning nearly 400,000 square feet of commercial space.

Retail
Pine Brook Plaza fully leased after 900 sq. ft. deal with poke bowl shop, Azarian says

A Hawaiian poke bowl restaurant has leased 900 square feet in the Pine Brook section of Montville, in a recent deal arranged by Azarian Realty Co.

Office
Newmark: Abra Health inks 25,000 sq. ft. sublease at Vitamin Shoppe HQ in Secaucus

A growing family of health practices has taken nearly 25,000 square feet of office space in Secaucus, where it’s backfilling part of The Vitamin Shoppe’s corporate headquarters.

Top News
Norcross, codefendants plead not guilty in racketeering case tied to Camden waterfront

South Jersey political boss George Norcross pleaded not guilty on Tuesday to racketeering and other charges in a high-profile case brought by the state, with prosecutors alleging he and others unlawfully secured lucrative tax credits and property in Camden for their personal gain.

Industrial
Blau & Berg: Warehousing, distribution user acquires 12,000 sq. ft. Newark industrial building

The longtime owners of a 12,000-square-foot industrial building in Newark have sold the facility, according to a brokerage team with The Blau & Berg Co.