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
Institutional buyer adds Bucks County retail property in $12 million deal, CBRE says

An investment firm has acquired a 25,000-square-foot retail property about 15 miles west of New Jersey, in Pennsylvania’s Bucks County, under a deal arranged by CBRE.

Office
JLL: Owners of Princeton campus eye new lab space with major renovation, built-to-suit option

The owners of a life sciences campus outside Princeton are bringing new laboratory space to the complex as part of a newly launched renovation at one of its six buildings — with the potential for more by way of a build-to-suit opportunity on vacant land.

Industrial
Bridge unveils 1.2 million sq. ft. logistics park in Perth Amboy, eyes next project after acquiring highly touted ‘Gateway’ site

Bridge Industrial has taken the reins of a high-profile, long-awaited redevelopment project in Perth Amboy, extending the firm’s more-than-decade-long partnership with the municipality.

Residential & Mixed Use
Buyer wanted for partially built, 74-unit rental project in Montclair, JLL says

The site of a partially completed 74-unit apartment building in downtown Montclair is on the market for sale, in a newly launched offering by JLL.

Office
Newmark: Keystone inks $18 million sale of 223,000 sq. ft. Moorestown office complex

Keystone has sold a nearly 223,000-square-foot office portfolio in Moorestown for $17.6 million, brokers with Newmark announced Monday.

Food & Beverage
BRBQ, new concept by Jersey City restaurateurs, coming to Journal Square Urby on June 20

The team behind two restaurants in Jersey City is expanding its presence in the city, with plans to open a new eatery at the Journal Square Urby property.

Residential & Mixed Use
Woodmont marks lease-up of 300-unit Hopewell rental property after 2024 launch

Woodmont Properties has leased up its new 300-unit luxury apartment property in suburban Mercer County, following the completion of the project roughly a year ago.

Industrial
Sports facility, interior design firm take space in Fairview industrial deals, NAI Hanson says

The owner of a Bergen County industrial building has filled more than 12,000 square feet with a pair of newly completed leases arranged by NAI James E. Hanson.

Office
Iron Ore buys Cedar Knolls property with 117,000 sq. ft. office building, 14-acre land parcel

Iron Ore Properties LLC has acquired more than 117,000 square feet of office space and some 14 acres of land as part of a newly announced deal in Hanover Township.

Professional Services
Longtime brokers Conklin, Masi join Cresa’s New Jersey team

Cresa has strengthened its team in New Jersey and the region with the addition of Chip Conklin and Chris Masi.