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.

Office
Korean cosmetics firm opens new U.S. headquarters, innovation center at Glenpointe

Alfred Sanzari Enterprises has welcomed Kolmar Group to its Glenpointe campus in Teaneck, where the global cosmetics company occupies some 16,000 square feet for its North American headquarters and innovation center.

Retail
Fennelly inks five retail leases for 17,000 sq. ft. at mixed-use project in Chesterfield

Five retail tenants have leased a combined 16,675 square feet at The Shops at Old York Village, a mixed-use project in Burlington County, in a series of deals arranged by Fennelly Associates.

Industrial
Freight, logistics firm takes 68,000 sq. ft. at Secaucus industrial building, C&W says

A freight and logistics company has leased nearly 68,000 square feet of industrial space in Secaucus, in a newly announced deal by Cushman & Wakefield.

Industrial
Greek Development rebrands amid growing platform, third-party service offerings

Greek Development is now Greek Real Estate Partners, as the firm looks to highlight its growing selection of third-party services beyond its own portfolio of industrial buildings.

Residential & Mixed Use
Procida takes over final housing phase of Garden State Park redevelopment in Cherry Hill

Veteran developer and real estate investor Billy Procida has taken control of a key parcel in Cherry Hill, where plans call for 283 homes as part of the redevelopment of the former Garden State Park racetrack.

Industrial
Door manufacturer inks full-building, 65,000 sq. ft. industrial lease in Bayonne, BRC says

A door maker has taken more than 65,000 square feet of industrial space as part of a newly completed, full-building lease in Bayonne, brokers with Bussel Realty Corp. announced.

Industrial
Mertz: Bolt maker for aerospace industry buys 60,000 sq. ft. Pennsauken industrial building

The longtime tenant at a Pennsauken industrial building has acquired the 60,000-square-foot facility for $4.25 million, in a newly announced deal by NAI Mertz.

Government & Public Policy
Carteret eyes construction of new waterfront restaurant pavilion after key DEP approval

Carteret will seek bids to build a new waterfront restaurant pavilion after receiving a key approval from state regulators, in the latest step toward revitalizing a stretch of historically contaminated industrial parcels along the Arthur Kill.

Industrial
CBRE: Cold storage user, longtime tenant at Kearny Point, renews for 228,000 sq. ft.

A cold storage warehousing company has signed a lease renewal at the Kearny Point Industrial Park, where it occupies nearly 230,000 square feet under a deal with Hugo Neu.

Finance & Capital Markets
Criterion Group, Columbia Pacific ink $132 million refi for outdoor storage portfolio

A joint venture has refinanced a nine-state, 22-property portfolio of industrial outdoor storage parcels for more than $132 million, in a newly announced deal by JLL.