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.

Retail
Port Authority taps Grid as retail agent for Journal Square station

The Port Authority of New York and New Jersey has hired Grid Real Estate LLC as the retail leasing agent for the busy Journal Square Transportation Center in Jersey City.

Deals
Developer buys 15-acre multifamily site in Burlington Co., Rose Commercial says

A developer has purchased nearly 15 acres of vacant land on Route 130 in Burlington County, in a newly announced deal by Rose Commercial Real Estate.

Industrial
S. Hekemian Group, JLL ink sale of Newark warehouse for more than $800 per square foot

The S. Hekemian Group has sold a newly built, 76,000-square-foot industrial building just north of Interstate 78 in Newark, achieving a record price of more than $820 per square foot.

Office
DeSapio sells Bridgewater office building for $4 million, Deluccia says

An area real estate firm has sold a 20,000-square-foot office building in Bridgewater for $4 million, in a transaction arranged by Deluccia Commercial Group.

Deals
Investment firm sells 64,000 sq. ft. flex building in Gloucester Co., WCRE says

A local owner has sold a 64,000-square-foot flex building in the Gloucester County Township of West Deptford, according to brokers with Wolf Commercial Real Estate.

Professional Services
Sheldon Gross tapped to manage Union County office, retail properties

Sheldon Gross Realty has expanded its property management portfolio with the addition of two commercial spaces in Union County.

Professional Services
RT Specialty adds account manager, admin to environmental and construction group

Insurance brokerage RT Specialty has announced several recent additions to its Hamilton-based environmental and construction practice.

Industrial
ReadySpaces takes 126,000 sq. ft. in Kearny for co-warehousing firm’s third N.J. location

Co-warehousing firm ReadySpaces has added a third New Jersey location and its second this year, leasing 126,000 square feet at a Kearny industrial building.

Government & Public Policy
Recreational cannabis sales in New Jersey set to begin April 21, regulators says

Sales of adult use recreational marijuana in New Jersey are slated to begin in less than a week after state officials approved the expansion of several existing medical dispensaries.

Office
HR, payroll provider takes 2,700 sq. ft. for new Marlton HQ, Vantage Commercial says

A human resources and payroll firm has opened a new headquarters in Evesham, under a lease arranged by brokers with Vantage Commercial.