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.

Editor’s Note
Growth story

As you’ll read in this month’s cover story, Accurate has been prolific in filling its development pipeline, moving decisively to secure new projects in the state and elsewhere. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including more than 4,000 units in Newark, where it’s leading the sweeping redevelopment of the former Riverfront Stadium property.

Office
Connell begins demolition for planned food hall, event space at The Park in Berkeley Heights

A plan to bring a new food hall and event space to The Park in Berkeley Heights is underway, in the latest step by The Connell Co. to reinvent the 185-acre business and lifestyle campus.

Retail
JLL seeking buyer for 754,000 sq. ft. regional mall in East Brunswick

The owner of the Brunswick Square mall in East Brunswick is seeking a buyer for the nearly 755,000-square-foot property, in a newly announced offering by JLL.

Professional Services
Lee & Associates promotes two industrial brokers to assistant vice president

Lee & Associates New Jersey has promoted two industrial brokers to the role of assistant vice president, the Elmwood Park-based firm announced Tuesday.

Industrial
Tenants wanted for new 262,000 sq. ft. Mercer County industrial building, Avison Young says

A developer has tapped Avison Young as its leasing agent for more than 260,000 square feet of soon-to-be-built industrial space in Lawrence Township.

Professional Services
DIGroup Architecture to be honored as AIA-NJ 2022 Firm of the Year

DIGroup Architecture is set to receive the coveted Firm of the Year Award at an upcoming event hosted by the American Institute of Architects New Jersey chapter.

Industrial
NAI Hanson: Cheer program takes 9,000 sq. ft. for new Meadowlands training facility

A competitive cheerleading program has leased more than 9,000 square feet at a Meadowlands industrial building, brokers with NAI James E. Hanson announced Tuesday.

Office
Life Time Work among new tenants at revamped, 665,000 sq. ft. Red Bank office campus

A high-end flexible workspace concept is coming to a six-building, 665,000-square-foot office campus outside Red Bank, as a joint venture continues its overhaul of the complex.

Finance & Capital Markets
JLL inks $19.6 million acquisition loan for Penwood industrial deal in Carlstadt

An affiliate of Penwood Real Estate Investment Management LLC has secured acquisition financing for a nearly 110,000-square-foot Meadowlands industrial building.

Retail
Route 46 store among two dozen Party City locations slated for closure, auction after bankruptcy

A store in Passaic County is among nearly two dozen Party City locations slated for closure or auction as part of the beleaguered chain’s bankruptcy restructuring.