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
Burlington takes 25,000 sq. ft. at Ramsey shopping center, Welco says

A new 25,000-square-foot Burlington store is coming to a Ramsey shopping center, under a newly announced transaction by Welco Realty Inc.

People
Rockabill promotes Taft to vice president

Affordable housing developer and consulting firm Rockabill has named a new vice president after a promotion on its Hoboken-based team.

Office
Itinerary management firm inks 2,300 sq. ft. lease in Hopewell, CPN says

A firm that provides itinerary management for travel professionals has taken nearly 2,300 square feet at a Mercer County office building, according to Commercial Property Network Inc.

Residential & Mixed Use
Denholtz joins partner LMG, local officials to debut 48-unit North Carolina rental property

Denholtz Properties is expanding its Southeast portfolio under a recent partnership, marking the debut of a new 48-unit luxury apartment building about 25 miles outside Charlotte.

People
Veteran policy, planning expert Kennedy joins NAIOP New Jersey as part of CEO transition

Dan Kennedy has joined the leadership team of NAIOP New Jersey, marking the start of a transition period in which he’ll work alongside CEO Michael McGuinness before succeeding him at the helm of the commercial real estate development association.

Industrial
Dermody buys Gloucester development site for 214,000 sq. ft. industrial project, C&W says

Dermody Properties has acquired a Gloucester County development site with approvals in place to build more than 214,000 square feet of new industrial space.

Retail
ShopRite debuts at new-look Fair Lawn retail center, following deal arranged by RIPCO

A new ShopRite has opened its doors off Route 208 in Fair Lawn, where it anchors a redeveloped retail property owned by Crossroads Cos.

Residential & Mixed Use
Kislak inks sale of 32-unit Long Branch apartment building for $6.5 million

The site of a 32-unit apartment building in Long Branch has changed hands for $6.45 million, according to The Kislak Co. Inc., marking the second trade of the property in four years.

Retail
Newmark Associates: Investor adds 12,000 sq. ft. retail, office property in Mountain Lakes

A private investor has purchased a 12,000-square-foot retail and office property in Mountain Lakes, in a transaction arranged by Newmark Associates.

Top News
Indian biotech firm headed to Hopewell life sciences campus, eyes new manufacturing plant

A global biotech company is coming to New Jersey, with plans to open a new manufacturing plant near Princeton for its first location outside its home country of India.