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.

Industrial
Zimmel: Eight-building, 147,000 sq. ft. commercial portfolio in Clark changes hands

An investment group has acquired some 147,000 square feet of commercial space in Clark, seeking to reposition an eight-building portfolio that was anchored by L’Oréal.

Retail
Deluccia: Bound Brook’s Efinger Plaza fully leased after deals with food lab, fitness concept

A prominent retail and office property in Bound Brook is now fully occupied after two recent leases at the complex, according to a brokerage team with Deluccia Commercial Group.

Professional Services
RIPCO welcomes Zaplin as senior associate focused on North Jersey retail leasing

Matt Zaplin has joined RIPCO Real Estate as a senior associate, further expanding the team focused on retail leasing and advisory services in northern New Jersey.

Industrial
JLL: Ridgecut Road buys, lands financing for Edison industrial service property

Ridgecut Road has acquired a nearly six-acre industrial service facility in Edison for $24.5 million, securing the property and financing in transactions arranged by JLL.

Industrial
IDI breaks ground on 155,000 sq. ft. warehouse at former Piscataway office site

Construction is underway on a project that will bring more than 155,000 square feet of new industrial space to Piscataway while revitalizing a former office property.

Office
Nuveen, C&W team ink three leases for 49,000 sq. ft. at Princeton-area office campus

Nuveen Real Estate has filled more than 49,000 square feet after securing three new tenants at a renovated office campus outside Princeton, brokers with Cushman & Wakefield announced.

Professional Services
WCRE adds Ravitz as advisor, continuing focus on young talent

Wolf Commercial Real Estate has welcomed Andrew Ravitz as an advisor, deepening its bench of young brokers as it focuses on long-term growth.

Hospitality & Tourism
Everhome Suites arrives in Somerset after 2024 site acquisition, Goldstein Group says

A new 114-room Everhome Suites has opened in the Somerset section of Franklin, occupying a site that it acquired under a 2024 deal by The Goldstein Group.

Government & Public Policy
Permitting dashboard, staffing shortages in focus as Sherrill-led regulatory reform advances, Doucette tells NAIOP New Jersey

Gov. Mikie Sherrill’s team has taken key steps toward streamlining approvals, creating a real-time permitting dashboard and growing headcount at agencies like the Department of Environmental Protection, a top administration official told NAIOP New Jersey last week.

Deals
Jersey City investor buys 15-unit property for $5.7 million, headlining recent IPRG deals

A local investor has purchased a 15-unit apartment property in Jersey City for $5.7 million, in one of several recent transactions by IPRG’s New Jersey team.