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
Langan acquires Navix to expand data center practice, strengthen Pacific Northwest presence

Langan Engineering & Environmental Services has acquired Navix Engineering, a practice based just outside Seattle that focuses on the burgeoning data center market.

Industrial
Faux flower seller leases 38,000 sq. ft. in Newark, in one of three new BRC deals

A home décor company has taken more than 38,000 square feet of industrial space in Newark, in one of three newly announced deals by Bussel Realty Corp.

Retail
Florist takes 1,600 sq. ft. at Green Brook retail property, Deluccia says

A flower shop has leased 1,600 square feet at a Route 22 retail center in Green Brook, according to a brokerage team with Deluccia Commercial Group.

Finance & Capital Markets
Kennedy Funding provides $1.5 million loan to expand Hudson Valley events venue

The owner of an event space in New York’s Hudson Valley is expanding the venue with the help of a nearly $1.5 million loan from New Jersey-based Kennedy Funding.

Technology
It’s complicated: Power, infrastructure constraints loom large as NAIOP panel weighs data center growth in New Jersey

The data center landscape in the U.S., particularly in New Jersey, is experiencing significant growth driven by the evolution of technologies such as artificial intelligence and cloud computing. Yet there is still a good deal of uncertainty around how to meet this growing need.

Industrial
Galvanize, sustainability-minded investment firm, buys 608,000 sq. ft. warehouse at Exit 8

Galvanize Real Estate has made its second acquisition in New Jersey with plans to significantly reduce carbon emissions at the 608,000-square-foot warehouse in East Windsor.

Industrial
CenterPoint names Guffey as vice president of leasing in east region

CenterPoint Properties has hired veteran industry executive Jonathan Guffey as a vice president of leasing in its east region.

Government & Public Policy
EDA approves $45 million in Aspire tax credits for senior affordable housing projects in New Brunswick, West Deptford

The state has announced two new approvals under the Aspire tax credit program, pledging a combined $45.4 million to affordable housing projects in New Brunswick and West Deptford.

Professional Services
Chris Vollers named president of Vollers Inc.

Construction services firm Vollers Inc. has announced the promotion of Chris Vollers to president, positioning him to lead its growth and business development efforts.

Industrial
WCRE: Cleaning services firm takes 5,200 sq. ft. in Pennsauken flex industrial deal

A commercial cleaning services firm has leased more than 5,000 square feet at a flex industrial facility in Pennsauken, Wolf Commercial Real Estate announced in a news release Friday.