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.

Industrial
Logistics, fulfillment firms take 879,000 sq. ft. in newest deals at Old Bridge industrial park

2020 Acquisitions has landed three new tenants for its massive Central 9 Logistics Park in Old Bridge, filling nearly 879,000 square feet in a set of deals arranged by Cushman & Wakefield.

Retail
LMC: Indoor play park, new experiential tenant, takes 21,000 sq. ft. at Rutgers Plaza in Franklin

A new indoor play park is coming to Franklin Township after signing a lease at the busy Rutgers Plaza retail center, in a deal arranged by Levin Management Corp.

Top News
Paramount coming to Bayonne’s 1888 Studios campus with landmark 285,000 sq. ft. lease

The massive 1888 Studios project in Bayonne has signed a landmark deal with Paramount, the iconic media and entertainment company, securing an anchor tenant for the campus and further cementing New Jersey as a destination for film and television production.

Residential & Mixed Use
TFE acquires Burlington Twp. parcel, eyes 141-unit multifamily development

TFE Properties has unveiled plans to build more than 140 luxury apartments in Burlington Township after acquiring 13 acres roughly a mile from Interstate 295.

Industrial
Lee & Associates: Heller inks 50,000 sq. ft. lease in Edison with ecommerce fulfillment firm

Heller Industrial Parks has leased some 50,000 square feet in Edison to an ecommerce fulfillment firm, in a newly announced deal by Lee & Associates – WBE New Jersey.

Residential & Mixed Use
Value Cos. leases up second phase of new Randolph apartments, breaks ground on third

Value Cos. is continuing its expansion of a sprawling apartment complex in Randolph after leasing up a newly completed phase and starting construction on another.

Office
Boutique office building in Trenton’s capital district listed for $6 million, Cushman says

The owner of an office building directly across from the New Jersey Capitol Complex in Trenton is seeking a buyer for the asset, according to a listing team with Cushman & Wakefield.

Residential & Mixed Use
Paramus tract slated for 40 townhomes after changing hands, NAI Hanson says

A developer has acquired four acres in Paramus with plans to build more than three dozen townhomes, brokers with NAI James E. Hanson announced Tuesday.

Education
UCNJ kicks off DIGroup-designed update, expansion of Cranford athletics center in $30 million investment in new campus hub

Construction is underway on a major update of an athletics facility at Union College of Union County’s Cranford campus, in a project designed by DIGroup Architecture.

Top News
NJ Transit plans RFP for ‘destination’ anchor for restored Hoboken ferry terminal

NJ Transit is seeking a new anchor tenant for the 117-year-old Lackawanna Ferry Terminal that it’s restoring as part of its sweeping Hoboken Connect redevelopment project with LCOR.