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
Carrier Enterprise takes 78,000 sq. ft. at new Piscataway industrial building, LMC says

HVAC distributor Carrier Enterprise has leased a newly completed, 78,000-square-foot industrial building in Piscataway to become the latest user at the township’s Rutgers Industrial Center.

Professional Services
Mars candy, food research hub in Hackettstown among newest projects by Stone Creek

Candy giant Mars has unveiled its newly renovated, 16,000-square-foot innovation hub in Hackettstown, following a project spearheaded by Stone Creek Construction Group.

Finance & Capital Markets
Ease Capital, AIRN close $32 million loan for 97-unit rental project in West New York

AIRN Management has landed $32 million in construction takeout financing for its new 97-unit multifamily property in West New York, according to the lender in the deal.

Industrial
Rockefeller Group project in Carneys Point taking shape with construction underway on two-building, 1.1 million sq. ft. logistics center

Two new warehouses are rising along Route 40 in Salem County, under a project by Rockefeller Group that will add more than 1 million square feet to the fast-growing industrial submarket.

Industrial
With redevelopment in sight, KRE Group begins demolition of former Navy complex in Ewing

Demolition is underway at a shuttered U.S. Navy facility in Ewing, where Kushner Real Estate Group plans to build nearly 350,000 square feet of new warehouse and flex space.

Health Care & Education
Central utility plant — crucial piece of New Brunswick cancer center project — now online

A critical feature of the new Jack and Sheryl Morris Cancer Center in New Brunswick is now in place — even with more than a year to go before the highly touted facility opens its doors.

Industrial
E-Z Cargo takes 43,000 sq. ft. with outdoor storage space in Parlin, BRC says

A freight forwarder has signed a lease in Old Bridge for a 43,000-square-foot industrial building with nearly seven acres of outdoor storage space, brokers with Bussel Realty Corp. announced.

Retail
Kislak: Longtime owner sells 6,400 sq. ft. Rahway retail building

A private investor has acquired a 6,400-square-foot retail building in Rahway for $765,000, in a newly announced deal by The Kislak Co. Inc.

Office
Technogym leases 18,000 sq. ft. at Vision Properties’ 70 Hudson in Jersey City

Fitness equipment maker Technogym has taken 18,000 square feet of office space along the Hudson waterfront in Jersey City, under a recent deal with Vision Properties.

Industrial
Developers nearing completion of 300,000 sq. ft. warehouse project in Elizabeth

Nearly 300,000 square feet of new industrial space is coming to Elizabeth as part of a two-building project by Brookfield Properties, Elberon Development Group and DH Property Holdings.