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.

Deals
Self-storage developer buys Totowa office building, plans conversion

A developer has purchased a nearly 96,000-square-foot office building in Totowa that it now plans to convert to self-storage space, in a newly announced deal by The Blau & Berg Co.

Retail
Barnes & Noble takes 15,000 sq. ft. for new Route 22 store, Goldstein Group says

Barnes & Noble has leased 15,000 square feet in Union Township as part of a move from nearby Springfield, brokers with The Goldstein Group announced Monday.

Retail
LMC: Fast-growing salon suite franchise leases 7,900 sq. ft. in Howell

A salon suite franchise has added another location with a newly signed lease at Howell’s Aldrich Plaza, in a newly announced deal by Levin Management Corp.

Professional Services
Zoltek adds sales, leasing specialist to Fair Lawn-based team

Zoltek Commercial Real Estate Services has announced the hiring of Kristina Khomenko, who joins the firm as the newest member of its Fair Lawn-based sales team.

Professional Services
Kislak sees opportunity in market uncertainty, backed by deep ties and decades of service

Leaders of The Kislak Co. Inc. see a resilient market and sustained demand from property investors in 2023 — despite a short-term slowdown amid rising borrowing costs — arguing that buyers and sellers will still find value in multifamily and commercial assets.

Health Care & Education
Stockton eyes May ribbon-cutting for new 416-bed residence hall in Atlantic City

Stockton University is nearing completion of the new six-story, 416-bed residence hall that will mark the latest addition to its growing Atlantic City campus.

Industrial
Former Dermody exec Preston joins BBX Logistics advisory committee

Gene Preston, the former Dermody Properties executive and NAIOP New Jersey president, has joined the advisory committee of a Fort Lauderdale, Florida-based industrial developer.

Professional Services
PS&S opens new office in Cherry Hill, its longtime South Jersey home

PS&S has opened the doors to its new office in Cherry Hill, where it will continue to serve longtime clients in southern New Jersey and the Delaware Valley.

Retail
Chip City plans continued growth after recent North Jersey store openings

Gourmet cookie chain Chip City is eyeing some two dozen additional locations this year after opening three new stores in New Jersey since late January alone.

Government & Public Policy
Atlantic City: Developer, city officials sign MOU for $3 billion Bader Field redevelopment

A developer has taken a key step in a bid to transform Atlantic City’s Bader Field, signing a memorandum of understanding with city officials in connection with a nearly $3 billion proposal that includes housing, retail and a racetrack.