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
Norman’s Hallmark signs lease in Somers Point for latest South Jersey store

A new Norman’s Hallmark is coming to Atlantic County after signing a lease for more than 6,000 square feet in the city of Somers Point.

Industrial
Lee & Associates: BlackRock buys 300,000 sq. ft. Piscataway warehouse for $80 million

BlackRock Realty Advisors has purchased a nearly 300,000-square-foot industrial building in Piscataway for $80 million, in one of two deals announced by Lee & Associates New Jersey.

Industrial
STRO, KRE Group detail 205,000 sq. ft. lease with Amazon in Woodland Park

The STRO Cos. and Kushner Real Estate Group are touting a lease with Amazon at a new industrial building in Woodland Park, where the e-commerce giant operates a 205,000-square-foot same-day delivery facility.

Residential & Mixed Use
Gebroe-Hammer promotes Gehler, Philly and South Jersey metro specialist, to vice president

Gebroe-Hammer Associates has expanded its management team with the promotion of a key multifamily broker in the southern New Jersey and greater Philadelphia market.

Professional Services
Mancini Duffy extends lease, eyes growth at regional office in Millburn

Architecture and design firm Mancini Duffy has signed a seven-year lease extension at its Millburn office, as it eyes continued expansion in northern New Jersey.

Retail
RIPCO marketing retail space at Hackensack medical office building, with endcap available

A rare endcap retail space is on the market at a well-known medical office building in downtown Hackensack, according to a leasing team with RIPCO Real Estate.

Retail
Cannabis dispensary takes 2,500 sq. ft. for new West Orange location, Blau & Berg says

A new cannabis dispensary is coming to West Orange after completing a lease for 2,500 square feet, in a newly announced deal by The Blau & Berg Co.

Residential & Mixed Use
Accurate’s pipeline is surging, with an aggressive (but long-term) approach to development

Accurate has been prolific in building and lining up new multifamily development projects across New Jersey, having completed some 1,000 residential units since 2021 alone. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including some 4,000 in Newark, with more to come.

People
Woodmont bolsters construction team ahead of 300-unit Hopewell rental project

Woodmont Properties has made two additions to its construction team as it moves ahead with new developments, including a planned 300-unit multifamily property in Mercer County.

Finance & Capital Markets
G.S. Wilcox inks $15 million loan for 350,000 sq. ft. Fairfield flex campus

The owner of a 350,000-square-foot flex campus in Fairfield has closed on $15 million in financing for the property, in a deal arranged by G.S. Wilcox & Co.