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
March Construction eyes spring 2024 delivery for newest Wayne retail center

Construction is underway on a new ground-up retail center in Wayne that will bring a mix of eateries and services to one of the township’s busiest shopping corridors.

Office
Pagano brokers sale of 13,000 sq. ft. Elmwood Park office building

A labor organization has purchased a 13,000-square-foot office building in Elmwood Park, in a deal arranged by brokers with Pagano Co.

Retail
Printing company takes space at Warren County retail center, KW Commercial Clinton says

A printing and marketing company has signed a long-term lease at a Warren County retail center, in a newly announced deal by KW Commercial Clinton.

Residential & Mixed Use
LeFrak unveils pickleball courts in iconic Newport neighborhood in Jersey City

The fast-growing pickleball craze has arrived in Jersey City’s acclaimed Newport district, where LeFrak has transformed a plaza space into free pop-up courts that are open to the public.

Government & Public Policy
BPU adopts permanent community solar program after successful pilot period

A state pilot program that has brought solar panels and new revenue to dozens of New Jersey industrial buildings is now permanent after a recent vote by utility regulators.

Office
Stifel takes 51,000 sq. ft. near Morristown, in planned move from Florham Park

Financial services firm Stifel has leased nearly 51,000 square feet of office space in Morris Township, paving the way for it to move its regional branch in New Jersey.

Retail
NAI Hanson: Buyer wanted for 133,000 sq. ft. Riverdale retail property with BJ’s, Staples

A highway retail property that’s leased to BJ’s Wholesale Club and Staples is on the market for sale in Riverdale, brokers with NAI James E. Hanson announced Wednesday.

Industrial
Growing cloud, data backup provider takes 11,000 sq. ft. in Lincoln Park, Equity says

A cloud computing and data backup firm has leased 11,000 square feet of flex space in Lincoln Park, in a newly announced deal by Equity Real Estate Brokerage LLC.

Residential & Mixed Use
Four-unit Riverside apartment building trades in estate sale brokered by Vantage Commercial

A four-unit multifamily property in Burlington County has changed hands as part of a newly completed estate sale, according to a brokerage team with Vantage Commercial.

Residential & Mixed Use
FirstService named property manager for East Brunswick condo complex

The owners of a 184-unit condominium complex in East Brunswick have tapped FirstService Residential to manage the property.