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.

Government & Public Policy
Housing, industrial developments loom large in NJ Transit plan to monetize 8,000-acre real estate portfolio

NJ Transit has unveiled a plan to redevelop or better leverage its 8,000-acre real estate portfolio, touting the potential to create up to $1.9 billion in new revenue in the coming decades.

Residential & Mixed Use
JLL: Toll Brothers, partners sell 417-unit Jersey City rental tower to Rockpoint

A joint venture led by Toll Brothers has sold a 417-unit high-end apartment tower in Jersey City, in a deal that brokers touted as New Jersey’s largest multifamily transaction this year.

Residential & Mixed Use
Connell breaks ground on 149-unit rental project as latest phase of The Park in Berkeley Heights

Construction is set to begin on a second apartment building at The Park in Berkeley Heights, one of several projects that are underway as part of a plan to create a new mixed-use, downtown-style corridor at the 185-acre property along Interstate 78.

Industrial
Cash buyer pays $1.4 million for 11,000 sq. ft. Elizabeth warehouse, IPRG says

A private investor has purchased the site of a nearly 11,000-square-foot warehouse in Elizabeth, in a newly announced deal by Investment Property Realty Group.

Retail
Health and wellness, restaurant leases among latest North Jersey deals by Goldstein Group

A gymnastics school has taken 10,000 square feet in the Bergen County borough of Northvale, in one of six newly announced deals by The Goldstein Group.

Retail
Prism, dental practice ink lease to fill last retail space at The Nell in Dunellen

Prism Capital Partners has filled the final retail space at a mixed-use development in Dunellen, securing a new 3,800-square-foot lease with a full-service dental practice.

Office
NCJW/Essex Center takes 5,000 sq. ft. for new headquarters in Roseland, NAI Hanson says

A local nonprofit has moved its headquarters after leasing nearly 5,000 square feet of office space in Roseland, brokers with NAI James E. Hanson announced Wednesday.

Office
Selective Insurance moving headquarters, leases 123,000 sq. ft. in Short Hills office deal

Selective Insurance has leased nearly 123,000 square feet for a new headquarters in the Short Hills section of Millburn, brokers with Cushman & Wakefield said Tuesday.

Industrial
EQT adds 11-building, 894,000 sq. ft. industrial portfolio along New Jersey Turnpike, JLL says

EQT Real Estate has acquired nearly 894,000 square feet of industrial space across 11 properties along the New Jersey Turnpike, in a newly announced deal by JLL.

Professional Services
Gray, former DEP and NJ Transit official, joins Greenbaum Rowe as partner

Greenbaum Rowe Smith & Davis LLP has bolstered two key practice areas with the addition of John P. Gray, a former official with two prominent state agencies.