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.

Education
Petrucci expands education portfolio with acquisition of North Bergen school building

J.G. Petrucci Co. Inc. has acquired a 34,000-square-foot school building in North Bergen as part of a push to expand its footprint in the education sector.

Office
Christie’s: Florida-based personal injury law firm leases 5,400 sq. ft. in River Edge

A personal injury law firm has taken more than 5,400 square feet at a River Edge office building, in a newly announced deal by Christie’s Commercial Real Estate.

Residential & Mixed Use
Developer looks to sell new 199-unit luxury rental building in Bloomfield, JLL says

The developer of a new 199-unit luxury apartment building in downtown Bloomfield is seeking a buyer for the property, in a newly announced offering by JLL.

Industrial
NAIDB named leasing agent for 70,000 sq. ft. across three Central Jersey industrial buildings

The owners of three industrial buildings in Middlesex and Somerset counties have tapped NAI DiLeo-Bram & Co. to market the properties for lease.

Office
Lincoln Equities Group inks five new leases for 16,000 sq. ft. at Princeton Forrestal Village

Lincoln Equities Group has secured five new tenants at Princeton Forrestal Village after nearly 16,000 square feet in recent leasing activity at the mixed-use campus in Plainsboro.

Residential & Mixed Use
Investor buys 48-unit Gloucester County rental complex for $5.1 million, A.J. Sussman says

A private investor has paid $5.1 million for a 48-unit apartment complex in Gloucester County’s Franklin Township, according to a brokerage team with A.J. Sussman Co.

Retail
LMC: Norman’s Hallmark takes 4,000 sq. ft. to bring Flemington center to full occupancy

The 239,000-square-foot Flemington Marketplace on Route 202 is now fully leased after a new commitment from Norman’s Hallmark, in a deal announced by Levin Management Corp.

Technology
Newmark: Onyx, MIG sell portion of NEST campus to CoreWeave for $322 million

Onyx Equities and Machine Investment Group have sold a piece of the acclaimed NEST campus in Kenilworth to CoreWeave — the fast-growing cloud provider that is slated to build a data center at the property — in a deal valued at $322 million.

Industrial
Prologis plans three-building, 826,000 sq. ft. industrial park for latest East Greenwich project

Prologis Inc. has closed on nearly 200 acres in Gloucester County, where it plans to build more than 826,000 square feet of new industrial space as part of its growing footprint in the area.

Industrial
New 1,200-unit self-storage facility by CrownPoint, Lamar opens in Newark’s Ironbound

CrownPoint Group and the Lamar Cos. have completed a new self-storage facility in Newark, delivering more than 1,200 units to the city’s bustling Ironbound section.