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.

Residential & Mixed Use
Hampshire details plans, timeline for 70-unit rental project in Allendale

The Hampshire Cos. has unveiled plans for a new 70-unit apartment building in the Bergen County borough of Allendale.

Professional Services
Industrial broker Wisse named partner with Lee & Associates New Jersey

A veteran broker with Lee & Associates New Jersey is now a partner after earning his fourth promotion since 2016, when he joined the Elmwood Park-based team as an associate.

Retail
Marcus: Investor buys 138,000 sq. ft., grocery-anchored center in Vineland for $19 million

An investor has sold a grocery-anchored shopping center in Vineland for $19.3 million, in a newly announced deal by Marcus & Millichap.

Finance & Capital Markets
JLL: Levin Properties refis ShopRite-anchored center in Woodbridge for $43 million

The owner of a ShopRite-anchored retail center in Woodbridge has refinanced the property for more than $43 million, according to a debt placement team with JLL.

People
Bazzani joins JDA Group as development, investment manager

JDA Group LLC has named a new development and investment manager, hiring a former member of Duke Realty Corp.’s New Jersey team to help support its growth.

Industrial
Charity Realty: NJIT affiliate takes 19,000 sq. ft. for new Morris County lab facility

The New Jersey Institute of Technology has leased nearly 19,000 square feet in Roxbury to develop a new multipurpose lab space, in a deal arranged by Charity Realty International LLC.

Professional Services
Cresa adds industrial real estate expert to growing Northeast brokerage team

A veteran real estate executive and broker has joined Cresa’s industrial services group as a managing principal, with a regional focus that includes central and southern New Jersey.

Industrial
Pharma user expands at Hillsborough Business Center, Larken says

A life sciences firm has signed a 1,500-square-foot lease expansion at Larken Associates’ 550,000-square foot, 27-building Hillsborough Business Center off Route 206.

Industrial
C&W: Port submarkets riding high amid record cargo volume in New York, New Jersey

The Port of New York and New Jersey saw record container volume in 2022, making it the second-busiest U.S. shipping hub and signaling continued demand for area warehouse space.

Office
CSG Law unveils new 120,000 sq. ft. headquarters in Roseland (SLIDESHOW)

Chiesa Shahinian & Giantomasi PC has opened the doors to its new 120,000-square-foot headquarters in Roseland, marking a new chapter in its 50-year history.