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
JLL: Buyer wanted for 38,000 sq. ft. grocery-anchored retail center in Bloomfield

A grocery-anchored shopping center in Bloomfield is on the market for sale, boasting full occupancy and a location that’s adjacent to more than 300 luxury apartments.

Office
Fennelly: Micro-Air, growing manufacturing business, takes 19,000 sq. ft. in Hamilton

A manufacturing business is poised to expand after leasing more than 19,000 square feet of office space in Hamilton, in a newly announced transaction by Fennelly Associates.

Office
Keller Williams team opens at new Walters office building on Long Beach Island

A realtor has expanded to Long Beach Island with a lease at Walters’ newly constructed, 5,000-square-foot office building in Ship Bottom.

Industrial
Blau & Berg helps logistics firm expand to Midwest with 197,000 sq. ft. deal with Prologis

A freight logistics company has leased nearly 200,000 square feet of industrial space outside Chicago, in a newly announced deal by The Blau & Berg Co.

Finance & Capital Markets
JLL: Canoe Brook lands $150 million loan for 426-unit rental project at Port Imperial

Canoe Brook Development has secured a $150 million construction loan for a planned 426-unit luxury apartment building along the Hudson River waterfront in West New York.

Industrial
CBRE’s Dudley promoted to vice chairman, firm’s top rank for brokers

CBRE has promoted highly regarded industrial broker Kevin Dudley to vice chairman, the highest rank for advisory and transaction professionals within the company.

Retail
Kislak: New retail building in Matawan with approvals for expansion fetches $2.6 million

The site of a new 9,000-square-foot retail building in Matawan has traded for $2.6 million, in a deal arranged by The Kislak Co. Inc.

Industrial
NAI Hanson: Apparel, accessories business takes 4,000 sq. ft. at Dumont industrial building

An apparel and accessories company has leased 4,000 square feet of industrial space in the Bergen County borough of Dumont, according to a broker with NAI James E. Hanson.

Cover Story
Legacy moment: Inside the landmark deal to bring Nokia Bell Labs to New Brunswick’s HELIX campus

The historic deal to bring Nokia Bell Labs to New Brunswick was nearly a year in the making, beginning in earnest with the company’s visit to a four-acre construction site downtown.

Office
Bank of America expanding to 548,000 sq. ft. at Jersey City’s Newport Tower

Bank of America has leased nearly 550,000 square feet along the Jersey City waterfront, in an expansion that marks one of New Jersey’s largest office deals in recent memory.