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
Cannabis cultivator takes 48,000 sq. ft. for new facility in Atlantic County, Chilmark says

A new cannabis cultivation facility is coming to Atlantic County as part of a recent lease arranged by Chilmark Real Estate Services LLC.

Office
PPP: Specialty Insurance Agency takes 13,000 sq. ft. in Wall Twp. office deal

An insurance agency has found a new home at the Jersey Shore after leasing nearly 13,000 square feet in Wall Township, in a recently announced deal by Princeton Property Partners.

Retail
First Watch, Tacoria among newest tenants at Urban Edge’s Bergen Town Center

Urban Edge Properties has added four new tenants to its sprawling Bergen Town Center under a series of leases totaling more than 12,000 square feet.

Industrial
Goodman delivers new 100,000 sq. ft. warehouse in Carlstadt

Goodman North America has completed a new 100,000-square-foot warehouse development in the heart of the Meadowlands, marking a new addition to its northern New Jersey portfolio.

Retail
Playa Bowls takes 1,900 sq. ft. at new Petrucci-built luxury rental building in East Orange

J.G. Petrucci Co. Inc. has welcomed Playa Bowls to a ground-floor retail space at The Station at East Orange, a 172-unit luxury apartment complex that opened its doors last year.

Retail
Urban Edge sells Home Depot property in Union for $71 million

Urban Edge Properties has sold a 232,000-square-foot Home Depot property in Union Township for $71 million, announcing the deal Wednesday as part of its quarterly earnings report.

Industrial
Delivery startup Veho takes 149,000 sq. ft. at new Bridge Industrial campus in Philadelphia

Bridge Industrial has found its first tenant for a two-building campus in Philadelphia, leasing nearly 149,000 square feet to the ecommerce logistics firm Veho.

Retail
Zoltek: QuickChek set to join Route 130 retail center in Robbinsville

A new QuickChek convenience store and gas station is coming to a busy retail center in Robbinsville, following a deal arranged by Zoltek Commercial Real Estate Services.

Retail
DXL Big + Tall leases 6,100 sq. ft. at prominent Raritan retail center, LMC says

Men’s apparel retailer DXL Big + Tall has taken more than 6,100 square feet at the Somerville Circle Shopping Center in Raritan, according to a leasing team with Levin Management Corp.

Government & Public Policy
Superior Court sets key date for arguments on new N.J. affordable housing obligations

A state Superior Court judge has set a date for oral arguments on whether to halt adoption of new affordable housing obligations for New Jersey’s 564 municipalities, following a legal challenge by more than 20 towns to recent guidelines from the Department of Community Affairs.