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
EDA approves $114 million tax credit for major HMH health care hub, apartments at Metropark

The state has pledged nearly $114 million in tax credits over 10 years to a project that would transform the Metropark train station in Woodbridge, where plans call for 235 apartments and nearly 250,000 square feet of office and medical space for Hackensack Meridian Health.

Roundtable
How is Gen Z influencing design or construction choices for new apartment buildings?

How is Gen Z influencing design or construction choices for new apartment buildings? We assembled a panel of industry experts to tackle this month’s question.

Residential & Mixed Use
Clinton apartment, retail property trades for $1 million, Kislak says

A private investor has acquired a nearly 5,200-square-foot apartment and retail property in Hunterdon County for $1.05 million, in a deal arranged by The Kislak Co. Inc.

Industrial
Marcus inks sale of 322-unit self-storage building in Warren County

A private LLC has sold a 322-unit self-storage property near two key thoroughfares in Warren County, in a newly announced deal by Marcus & Millichap.

Professional Services
Structural Workshop marks 20 years as a key player in engineering, real estate

Engineering firm Structural Workshop is marking its 20th anniversary, touting its history of serving real estate and construction clients in and around New Jersey.

Retail
LMC: America’s Best leases 3,600 sq. ft. at Capitol Plaza in Ewing

America’s Best Contacts & Eyeglasses has taken 3,600 square feet at a community shopping center in Mercer County, according to a leasing team with Levin Management Corp.

Professional Services
Coletta Commercial adds Heller as multifamily, commercial broker

Veteran broker Eric Heller has joined Coletta Commercial as a multifamily and commercial adviser based in its Point Pleasant Beach office.

Industrial
Greek, Advance lease 117,000 sq. ft. to Aramsco in latest deal at Logan industrial park

Greek Real Estate Partners and Advance Realty Investors have leased another 117,000 square feet at their new seven-building, 3.2 million-square-foot industrial park in Logan Township.

Office
JLL: Children’s Place signs new 120,000 sq. ft. office lease to remain in Secaucus

The Children’s Place is staying put at its longtime home in Secaucus after signing a new lease for 120,000 square feet, in a newly announced deal by JLL.

Office
Sanzari signs new leases at Glenpointe with logistics solutions, biotech firms

Alfred Sanzari Enterprises is adding two tenants to its Glenpointe campus in Teaneck after signing leases with a logistics solutions firm and a global biotechnology company.