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
Wells Fargo inks 131,000 sq. ft. lease at Metropark office building

Wells Fargo has signed a new lease for more than 130,000 square feet at a renovated office building in the Iselin section of Woodbridge.

Retail
Kushner, Whole Foods ink lease in Eatontown as Monmouth Mall redevelopment moves ahead

Kushner Cos. has signed a 40,000-square-foot lease to bring Whole Foods to Eatontown, landing a key tenant as it advances its plan to transform the sprawling Monmouth Mall property.

Residential & Mixed Use
KRE, National top out final Journal Squared tower in Jersey City, slated to add 598 units

The team behind the landmark Journal Squared project in Jersey City has reached another milestone, having topped out the third and final building at a site that will ultimately include more than 1,800 apartments and 36,000 square feet of retail and restaurant space.

Residential & Mixed Use
Russo unveils 209-unit rental project at Orange train station

Russo Development has completed a new 209-unit luxury apartment building at the foot of the Orange train station, marking the first of two phases in the city’s burgeoning downtown.

Industrial
Bus, coach business signs 160,000 sq. ft. industrial lease in Union Twp.

A transportation company has signed a full-building, 160,000-square-foot lease at a Union Township industrial building, according to a team with Bussel Realty Corp.

Office
Pharma firm takes 28,000 sq. ft. in Montville for office, distribution center, CBRE says

A pharmaceutical ingredients firm has leased nearly 28,000 square feet in Montville that will serve as both a new corporate office and distribution facility, brokers with CBRE said.

Office
Fennelly: German biotech leases 4,100 sq. ft. near Princeton for new U.S. headquarters

A life sciences firm has found its new U.S. headquarters after leasing more than 4,000 square feet at a Princeton-area office building, in a newly announced deal by Fennelly Associates.

Industrial
Dermody adds Burlington development sites, eyeing 620,000 sq. ft. across two warehouses

Dermody Properties has acquired two development parcels in Burlington County with plans to build new high-end distribution centers totaling nearly 620,000 square feet.

Retail
JLL: Investment firm buys 91,000 sq. ft. Woodland Park retail center for $18 million

An affiliate of Northeast Capital Group has purchased a nearly 91,000-square-foot shopping center in Woodland Park for $18 million, brokers with JLL announced Tuesday.

Industrial
New York investor buys 38,000 sq. ft. North Bergen complex for $11 million, Marcus says

A private investor has acquired a three-building industrial complex in North Bergen for $11.1 million, in a newly announced deal by Marcus & Millichap.