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.

Office
Tech accelerator debuts 35,000 sq. ft. HQ in downtown Newark, eyeing ripple effect

A global venture capital firm has opened the doors to a new 35,000-square-foot facility in Newark that serves as a hub for developing tech startups across a host of industries.

Retail
Urban Edge acquires new-look 448,000 sq. ft. retail center in Roxbury for $83 million

Urban Edge Properties has acquired a newly redeveloped, 448,000-square-foot shopping center in Morris County for $83 million, the real estate investment trust announced this week.

Professional Services
Garibaldi Group acquires NAI Summit to expand service lines, Lehigh Valley presence

The Garibaldi Group has acquired NAI Summit, the Allentown, Pennsylvania-based real estate services firm, in a move aimed at bolstering its brokerage and property management platforms and expanding its business in the Lehigh Valley region.

Professional Services
Breece joins GTL Construction of New Jersey as site superintendent

GTL Construction has bolstered its team in New Jersey with the addition of John Breece as a site superintendent.

Industrial
Nuts, raisins wholesaler adds 14,000 sq. ft. at Larken industrial park in Hillsborough

A food wholesaler is expanding at a Hillsborough industrial park, adding nearly 14,000 square feet to its existing footprint under a new lease with Larken Associates.

Residential & Mixed Use
Fantin: Journal Square rental building now 75 percent leased after recent surge

Renters are snapping up homes at a new 297-unit apartment building in Jersey City, in a sign of continued demand for the rejuvenated Journal Square neighborhood.

Professional Services
REDCOM eyes summer debut of new United Way of Union County headquarters in Rahway

A former Elizabethtown Gas building in Rahway is set to become the new home of United Way of Greater Union County, with construction now underway at the property.

Residential & Mixed Use
New 100-unit micro-apartment project at historic Newark building hits the market

Renters are getting their first look at new micro-apartments in Newark as part of a project that has converted a historic bank and hotel property in the heart of the city’s downtown.

Industrial
CBRE: Wholesaler goes from tenant to owner, acquiring 170,000 sq. ft. Lodi industrial building

A grocery wholesaler is expanding in Lodi with its acquisition of a nearly 170,000-square-foot industrial building that it already occupies, brokers with CBRE announced Tuesday.

Retail
Investor buys 26,000 sq. ft., QuickChek-anchored shopping center in Sayreville for $7.2 million

A private investor has purchased a nearly 26,000-square-foot shopping center in Sayreville for some $7.2 million, in a newly announced deal by Marcus & Millichap.