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
PS&S acquires Caldwell Engineers, Becica Associates in latest expansion moves

PS&S is marking another major expansion of its engineering and design platforms and its geographic footprint after acquiring two firms based in southern New Jersey.

Office
Signature adds logistics, health care tenants in Union County as part of Q1 office leasing

Signature Acquisitions is touting a strong start to the year for its New Jersey office portfolio after inking nearly a dozen deals for new leases, expansions and renewals.

Retail
Adult medical day care operator leases 6,200 sq. ft. in Sayreville, Azarian says

An adult medical day care center is coming to Sayreville after leasing space at a shopping center off Route 9, in a newly announced deal by Azarian Realty Co.

Industrial
CBRE: Developers acquire Wharton parcel slated for new 95,000 sq. ft. industrial-flex project

A joint venture is set to build a new 95,000-square-foot industrial building in Wharton after acquiring a former Air Products distribution center, brokers with CBRE announced Thursday.

Government & Public Policy
Berger secures $90 million EDA tax credit award for planned 396-unit high-rise in Newark

The state has pledged its support for two more residential projects in Newark, approving more than $142 million in combined subsidies under the Aspire tax credit program.

Industrial
Kamps Pallets moves after leasing 153,000 sq. ft. in North Brunswick, Avison Young says

A national pallet company has leased more than 153,000 square feet of industrial space in North Brunswick, in a newly announced deal by Avison Young.

Professional Services
NAIDB promotes Gerace, DiLeo to associate vice president

NAI DiLeo-Bram & Co. has promoted brokers Kyle Gerace and Robert V. DiLeo to associate vice president, touting their role in growing the firm’s footprint and transaction volume.

Industrial
Blau & Berg: Two tenants combine for 7,400 sq. ft. in Newark industrial flex deals

The owner of an industrial flex portfolio in Newark has secured two new tenants for the buildings, in a set of leases totaling nearly 7,400 square feet.

Residential & Mixed Use
Hornrock: Leasing underway at second phase of Ivy and Green in Hackensack

Hornrock Properties has taken the wraps off another 168 luxury apartments in Hackensack, the second piece of its popular Ivy and Green project on the city’s eastern edge.

Finance & Capital Markets
Creation, J.P. Morgan land $64 million construction loan for 121,000 sq. ft. Newark warehouse project

A joint venture is set to begin construction on more than 120,000 square feet of new industrial space in Newark after securing a $64 million construction loan for the project.