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
Goodman hits key milestones, eyes late 2026 delivery for new Jersey City logistics hub

Goodman Group has completed its teardown of the former New York Daily News printing facility in Jersey City, where it plans to build more than 427,000 square feet of new industrial space that it says can support a range of user types.

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.