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
Resources Real Estate adds veteran broker, former Toys R Us asset manager to sales team

A veteran leasing executive and former asset manager for Toys R Us has joined Resources Real Estate, helping to bolster the firm’s commercial sales division.

Industrial
Bridge acquires 152,000 sq. ft. Somerset warehouse under new value-add platform

Bridge Industrial has completed its first deal in New Jersey under a recently launched value-add platform, acquiring more than 150,000 square feet of newly built space in Franklin Township.

Retail
Crunch Fitness takes 32,000 sq. ft. at former New York Sports Club space in Springfield

Crunch Fitness has added a location in New Jersey after leasing 32,000 square feet at a Springfield shopping center, brokers with The Goldstein Group said Monday.

Industrial
Tire shop leases 18,000 sq. ft. in Elizabeth, BRC says

A tire business has leased more than 18,000 square feet of industrial space in Elizabeth, in a newly announced deal by Bussel Realty Corp.

Retail
Boniakowski inks three renewals in Middlesex, Lafayette

The Boniakowski Commercial Real Estate Group has completed lease renewals with three tenants in Middlesex and Sussex counties, the firm announced Monday.

Industrial
Vantage Commercial: Cheer camp signs five-year, 8,000 sq. ft. lease in Gloucester Twp.

A cheerleading camp has signed a five-year lease at a newly available flex building in Gloucester Township, according to a brokerage team with Vantage Commercial.

Professional Services
Cervelli lands new property management assignment for Englewood portfolio

An owner in downtown Englewood has tapped Cervelli Real Estate & Property Management to manage a three-building portfolio with 19 apartments and four retail spaces.

Industrial
CBRE: New Jersey industrial leasing ticks up in Q1, even as owners tread lightly

Demand for industrial space remains healthy in New Jersey, even as owners and occupiers take a more cautious approach that could impact new construction in the months ahead.

Retail
Bed Bath & Beyond to wind down operations after filing for Chapter 11 bankruptcy protection

Bed Bath & Beyond is winding down its business after announcing Sunday that it has filed for Chapter 11 bankruptcy protection, while leaving the door open for a limited sale of its assets.

Residential & Mixed Use
Marcus inks $2 million sale of 17-unit Irvington apartment building

A private investor has purchased a 17-unit apartment building in Irvington for more than $2 million, in a newly announced deal by Marcus & Millichap.