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.

Events
Supportive housing program Cohome honors Hampshire, Vitolo while celebrating ADA

Members of the state’s commercial real estate industry were among the honorees at a recent gala hosted by Cohome, a program that creates housing opportunities for adults with disabilities.

Industrial
IDI promotes Breaux to chief strategy officer, east region executive vice president

IDI Logistics’ top executive on the East Coast is now the firm’s chief strategy officer after being promoted by the Atlanta-based industrial developer.

Office
Zimmel: Torsiello sells 65,000 sq. ft. Somerset office building for $5 million

An affiliate of The Torsiello Organization has sold a nearly 65,000-square-foot office building in Franklin’s Somerset section, brokers with Zimmel Associates announced Tuesday.

Office
Korean cosmetics firm opens new U.S. headquarters, innovation center at Glenpointe

Alfred Sanzari Enterprises has welcomed Kolmar Group to its Glenpointe campus in Teaneck, where the global cosmetics company occupies some 16,000 square feet for its North American headquarters and innovation center.

Retail
Fennelly inks five retail leases for 17,000 sq. ft. at mixed-use project in Chesterfield

Five retail tenants have leased a combined 16,675 square feet at The Shops at Old York Village, a mixed-use project in Burlington County, in a series of deals arranged by Fennelly Associates.

Industrial
Freight, logistics firm takes 68,000 sq. ft. at Secaucus industrial building, C&W says

A freight and logistics company has leased nearly 68,000 square feet of industrial space in Secaucus, in a newly announced deal by Cushman & Wakefield.

Industrial
Greek Development rebrands amid growing platform, third-party service offerings

Greek Development is now Greek Real Estate Partners, as the firm looks to highlight its growing selection of third-party services beyond its own portfolio of industrial buildings.

Residential & Mixed Use
Procida takes over final housing phase of Garden State Park redevelopment in Cherry Hill

Veteran developer and real estate investor Billy Procida has taken control of a key parcel in Cherry Hill, where plans call for 283 homes as part of the redevelopment of the former Garden State Park racetrack.

Industrial
Door manufacturer inks full-building, 65,000 sq. ft. industrial lease in Bayonne, BRC says

A door maker has taken more than 65,000 square feet of industrial space as part of a newly completed, full-building lease in Bayonne, brokers with Bussel Realty Corp. announced.

Industrial
Mertz: Bolt maker for aerospace industry buys 60,000 sq. ft. Pennsauken industrial building

The longtime tenant at a Pennsauken industrial building has acquired the 60,000-square-foot facility for $4.25 million, in a newly announced deal by NAI Mertz.