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.

Professional Services
CSG’s Valeri joins Toft as environmental group chair, with Plumb rising to practice lead

Chiesa Shahinian & Giantomasi PC has tapped John G. Valeri Jr. as the newest chair of its environmental law group, placing him at the helm of the practice alongside Dennis M. Toft.

Industrial
JLL tapped to sell three-building, 262,000 sq. ft. industrial portfolio in Rockland County

The owner of nearly 262,000 square feet of warehouse and light industrial space just north of Bergen County is seeking a buyer for the portfolio, in a newly announced offering by JLL.

Retail
LMC: Tropical Smoothie Café leases 1,700 sq. ft. at North Brunswick retail center

Tropical Smoothie Café has taken 1,700 square feet for a new location along Route 1 in Middlesex County, according to a leasing team with Levin Management Corp.

Industrial
Shalek brothers, identical twins, making their mark in low-coverage industrial, with ground-up development on the horizon

Identical twins Eric and Scott Shalek are building a portfolio of low-coverage and outdoor industrial storage sites in New Jersey after launching Ridgecut Road in early 2022, with plans to begin their first ground-up warehouse project later this year.

Top News
Panepinto, Incheon City sign MOU to execute $5.1 billion development in South Korea

Panepinto Properties is embarking on another major project in South Korea, having agreed to spearhead a $5.1 billion mixed-use development near Seoul-Incheon International Airport.

Health Care & Education
DIGroup details reimagined amenity spaces at Lester Senior Living in Whippany

Jewish Community Housing Corp. has unveiled a host of new amenity spaces at a senior living campus in Morris County, following a project spearheaded by DIGroup Architecture.

Retail
Vita & Vita, Sport Clips ink 1,000 sq. ft. lease to fill Lincoln Park retail center

Vita & Vita Realty Corp. has leased 1,000 square feet in Lincoln Park to Sport Clips, securing a new tenant for a shopping center along Route 202.

Industrial
Logistics firm takes 355,000 sq. ft. at new Crow Holdings industrial campus in Carteret

Crow Holdings Development has landed a second tenant for its new 1.2 million-square-foot industrial park in Carteret, leasing 355,000 square feet to a global logistics firm.

Industrial
Greek: Construction begins for 216,000 sq. ft. Mount Laurel cold storage project

RL Cold and BentallGreenOak have broken ground on a nearly 216,000-square-foot cold storage warehouse in Mount Laurel, with Greek Design|Build spearheading construction on their behalf.

Deals
Resource Realty of Northern New Jersey touts 866,000 sq. ft. in leases, sales at midyear

Three key asset classes have fueled leasing and sales activity for Resource Realty of Northern New Jersey, helping it complete more than 40 transactions during the first half of 2024.