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.

Government & Public Policy
EDA approves Paramount as ‘studio partner,’ allowing for bonus tax credits at Bayonne campus

Paramount’s new production hub in Bayonne is now eligible for larger awards under New Jersey’s Film and Digital Media Tax Credit program, following a vote Thursday by state officials to designate the company as a so-called studio partner at the campus.

Retail
Local buyer adds 13,000 sq. ft. strip center in Paterson for $5.3 million, Marcus says

A local investor has purchased a nearly 13,000-square-foot strip center in Paterson for $5.25 million, brokers with Marcus & Millichap announced Thursday.

Retail
Larken, optical shop ink 1,200 sq. ft. lease at retail center just outside New Jersey

Larken Associates has lured a new tenant to a shopping center just outside New Jersey — in Pennsylvania’s Pike County — signing a lease with a growing eye care practice.

Events
CBRE’s Villa to host CRE executives, brokers for high-profile women’s networking event

Clockwise, from top left: Adenah Bayou, Zenobia Fields, Kate Granahan, Bridget Wilcox, Marta Villa, Suzanne Macnow and Karly Iacono will take part in a panel discussion at the inaugural Rush CRE Women’s Networking Event on Wednesday, Nov. 12, at the…

Residential & Mixed Use
Sentinel buys new 423-unit rental property at key West Orange redevelopment site

Sentinel Real Estate has acquired Stonehill at West Orange, the new 423-unit luxury apartment property that has revived the onetime site of a struggling office park off Interstate 280.

Industrial
Logistics, fulfillment firms take 879,000 sq. ft. in newest deals at Old Bridge industrial park

2020 Acquisitions has landed three new tenants for its massive Central 9 Logistics Park in Old Bridge, filling nearly 879,000 square feet in a set of deals arranged by Cushman & Wakefield.

Retail
LMC: Indoor play park, new experiential tenant, takes 21,000 sq. ft. at Rutgers Plaza in Franklin

A new indoor play park is coming to Franklin Township after signing a lease at the busy Rutgers Plaza retail center, in a deal arranged by Levin Management Corp.

Top News
Paramount coming to Bayonne’s 1888 Studios campus with landmark 285,000 sq. ft. lease

The massive 1888 Studios project in Bayonne has signed a landmark deal with Paramount, the iconic media and entertainment company, securing an anchor tenant for the campus and further cementing New Jersey as a destination for film and television production.

Residential & Mixed Use
TFE acquires Burlington Twp. parcel, eyes 141-unit multifamily development

TFE Properties has unveiled plans to build more than 140 luxury apartments in Burlington Township after acquiring 13 acres roughly a mile from Interstate 295.

Industrial
Lee & Associates: Heller inks 50,000 sq. ft. lease in Edison with ecommerce fulfillment firm

Heller Industrial Parks has leased some 50,000 square feet in Edison to an ecommerce fulfillment firm, in a newly announced deal by Lee & Associates – WBE New Jersey.