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.

Top News
Norcross, codefendants plead not guilty in racketeering case tied to Camden waterfront

South Jersey political boss George Norcross pleaded not guilty on Tuesday to racketeering and other charges in a high-profile case brought by the state, with prosecutors alleging he and others unlawfully secured lucrative tax credits and property in Camden for their personal gain.

Industrial
Blau & Berg: Warehousing, distribution user acquires 12,000 sq. ft. Newark industrial building

The longtime owners of a 12,000-square-foot industrial building in Newark have sold the facility, according to a brokerage team with The Blau & Berg Co.

Retail
NAI Hanson: Shed, gazebo supplier buys neighboring commercial property in Hackettstown

A supplier of sheds, pool houses and other products has acquired more than 11,000 square feet of retail and industrial space in Hackettstown, brokers with NAI James E. Hanson announced.

Residential & Mixed Use
First phase of Citizen Bayonne rental project more than 90 percent leased

A new 252-unit apartment building in Bayonne is approaching full occupancy, in another sign of strength for the fast-growing residential district along the city’s waterfront.

Industrial
Larken eyes Q4 delivery for new 50,000 sq. ft. flex industrial project in Flemington

Larken Associates has broken ground on a project that will add 50,000 square feet to its portfolio of flex industrial space in Flemington.

Industrial
New supply still weighing on New Jersey industrial market, despite strong leasing volume

A wave of new warehouse deliveries in New Jersey continued in the second quarter, putting upward pressure on vacancy rates despite millions of square feet of leasing activity.

Residential & Mixed Use
FIAT House, rental project with distinctive EV car-sharing program, opens in Fort Lee

More than 300 new apartments have hit the market in Fort Lee with a series of amenities including an on-site fleet of electric FIAT vehicles that residents can rent at their convenience.

Office
Industry veteran Pico joins Bergman as senior property manager

Bergman Real Estate Group has bolstered its team with the addition of Dominick Pico as a senior property manager.

Industrial
BRC: 3PL firm takes 80,000 sq. ft. in Edison industrial sublease

A third-party logistics firm has subleased 80,000 square feet of industrial space in Edison, in a newly announced deal by Bussel Realty Corp.

Office
C&W: Risk transfer firm takes 7,000 sq. ft. in one of two deals at Florham Park office building

The owners of a Florham Park office building have secured two new tenants, completing nearly 12,000 square feet of leasing activity in deals arranged by Cushman & Wakefield.