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.

Health Care & Education
Fennelly: East Windsor medical office building trades for $3 million

A private investor has purchased a single-tenant, 10,000-square-foot medical office building in East Windsor, brokers with Fennelly Associates announced Wednesday.

Industrial
Flemington business park is 55 percent preleased after newest deals, Larken says

Larken Associates has preleased more than 50 percent of a new four-building, 150,000-square-foot flex industrial park under construction in Flemington.

Residential & Mixed Use
New 60-unit apartment building in Rutherford is 50 percent leased, developer says

Renters are snapping up apartments at Vango Development’s new 60-unit building in Rutherford, the second phase of a project in the borough’s downtown.

Retail
Plans to revamp mall parcels with new apartments, public space taking shape across New Jersey

Redevelopment is coming to some of New Jersey’s largest malls, as owners and local officials weigh plans to add apartments, health care facilities and vibrant public spaces meant to infuse them with new foot traffic. Proponents say the projects are essential to the long-term health of even the most successful assets. In other cases, they’re a potential lifeline to once-dominant shopping hubs that have become obsolete and seen their values plummet in recent years.

Industrial
Petrucci, FedEx sign 100,000 sq. ft. renewal for last-mile facility in Hamilton

FedEx has signed a lease renewal for its last-mile distribution facility in Hamilton, where it occupies 100,000 square feet under a deal with J.G. Petrucci Co. Inc.

Professional Services
T&M Associates adds Vizzini as site development practice leader in Northeast

Consulting and professional services firm T&M Associates has tapped Mark Vizzini as its regional practice leader for site development in the Northeast.

Residential & Mixed Use
Arden, Spitzer eye 2024 delivery after topping out 26-story Journal Square apartment tower

The developers of a new 390-unit luxury apartment tower in Jersey City are on track to deliver the building next year after recently completing its concrete frame.

Professional Services
Caryl Communications scores PR industry award for work with LMC retail survey

A top trade association has honored Hoboken-based Caryl Communications for its work involving a longtime client in the commercial real estate sector.

Retail
Cherry Hill Mall owner welcomes Eddie V’s, with additional tenants still to come

A new Eddie V’s restaurant has opened its doors at the Cherry Hill Mall, as the property’s owner prepares to welcome several other tenants in the months ahead.

Industrial
Wharton-led venture sells 1.3 million sq. ft. Pennsauken industrial portfolio for $195 million

Wharton Industrial and Walton Street Capital have sold a 1.3 million-square-foot industrial portfolio in Pennsauken for nearly $195 million, the firms announced Thursday.