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.

Policy Page
Reduce, reuse, recycle: Vintage Jersey properties are ripe for repurposing

As one of America’s original 13 colonies, New Jersey has a rich and historic past. This includes former industrial properties or commerce centers in urban areas, more recently developed office parks in the suburbs and older office buildings — many of which largely stand empty — in central business districts. These vacant relics — together and individually — can be transformed into new, vibrant centers for live, work and play.

Industrial
Wharton Industrial, institutional partner buy 190,000 sq. ft. Pennsauken warehouse

Wharton Industrial has acquired a nearly 190,000-square-foot warehouse in Camden County, in one of two newly announced deals by the real estate investment firm.

Retail
Marcus inks $9.25 million sale of 41,000 sq. ft. Toms River retail property

A personal trust has sold a nearly 41,000-square-foot retail property in Toms River for $9.25 million, in a newly announced deal by Marcus & Millichap.

Retail
LMC: Optimism reigns (but inflation looms) ahead of holiday shopping season

Retailers in and around New Jersey were largely optimistic ahead of a critical holiday shopping season, while still grappling with concerns about inflation and other economic pressures.

Industrial
Uniform maker buys 207,000 sq. ft. Hillside industrial building for $30 million, Zimmel says

A uniform company has purchased a 207,000-square-foot industrial building in Hillside for $30 million, in a newly announced deal by Zimmel Associates.

Office
Marcus: Saxum inks $10.7 million sale of 24,000 sq. ft. Red Bank office building

A private investor has acquired a nearly 25,000-square-foot office property in downtown Red Bank for $10.7 million, brokers with Marcus & Millichap said Tuesday.

Industrial
Kokes adds to self-storage portfolio, unveils new ground-up project in Ocean County

Kokes Properties has completed a new 45,000-square-foot self-storage facility in the Whiting section of Manchester Township, the firm announced Tuesday.

Retail
Developer eyes debut of new retail center at ex-Colgate site in Morris Twp., Jeffery says

A developer is nearing completion of a new 140,000-square-foot retail and dining property in Morris Township that will be home to some two dozen tenants.

Office
CentralReach, with all-remote workforce, opens new 25,000 sq. ft. meeting hub at Bell Works

A software firm has opened its new office at the acclaimed Bell Works campus in Holmdel, where it has taken 25,000 square feet despite having a fully remote workforce.

Residential & Mixed Use
Atlantic City: Blatstein pitches $3 billion housing, commercial project at Bader Field site

Bart Blatstein, the owner of the Showboat Atlantic City, is pitching a new $3 billion plan that would bring 10,000 residential units, 400,000 square feet of commercial space and vast stretches of open space to the long-vacant Bader Field site in the city.