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
Kislak: Pennington industrial park changes hands for first time in 30 years, fetching $3.3 million

A longtime owner has sold a more than 30,000-square-foot industrial park in Mercer County for $3.3 million, in a newly announced deal by The Kislak Co. Inc.

Technology
Owners of NEST campus in Kenilworth launch major update of common spaces, amenities

The team behind the high-profile Northeast Science and Technology Center in Kenilworth have kicked off a multimillion-dollar renovation of the site’s anchor building, with plans to create 75,000 square feet of new amenities and common spaces for current and future tenants.

Residential & Mixed Use
J&L inks lease with Alpha Fit Club to bring fitness studio to new Ironbound rental property

A new boutique fitness studio is coming to Newark’s Ironbound section after taking space at Fifty-Five Union, the 403-unit upscale multifamily property developed by J&L Cos.

Office
IT provider takes 7,600 sq. ft. in Pennsauken for new headquarters, Vantage Commercial says

A managed information technology provider has leased more than 7,600 square feet of office space in Pennsauken, brokers with Vantage Commercial announced Thursday.

Retail
Azarian: Bolivian bakery to open first storefront with new lease in Livingston

A specialty bakery has leased more than 900 square feet at the busy Livingston Town Center along Route 10, in a newly announced deal by Azarian Realty Co.

Industrial
LEG nears completion of new 420,000 sq. ft. logistics center in Hamilton

More than 420,000 square feet of new high-end industrial space is taking shape in Hamilton, bringing new life to a site that’s just off Interstate 295 and minutes from NJ Transit rail service.

Office
Hilton Realty buys two-building, 268,000 sq. ft. portfolio in Princeton South Corporate Center

Hilton Realty has expanded its holdings in the Princeton area after acquiring a nearly 268,000-square-foot office complex in Ewing, brokers with JLL announced Wednesday.

Industrial
Outsized impact: New Jersey warehouses support 1.35 million jobs, $113 billion in personal income, study finds

Warehouses and distribution centers in New Jersey are home to more than 760,000 on-site employees and support more than 1.35 million jobs overall, according to a newly released report, highlighting the vital role that the facilities play in the state’s economy.

Industrial
C&W: Alexander Properties sells Mahwah, Fairfield industrial portfolio to Faropoint

Alexander Properties has sold a nearly 124,000-square-foot industrial portfolio in northern New Jersey to Faropoint, the fast-growing real estate investment manager based in Hoboken.

Professional Services
Violet PR welcomes Johnson as account director to lead U.S. campaigns

Violet PR has bolstered its Montclair-based team with the addition of veteran strategist Dan Johnson as an account director.