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
Goldstein Group: Clothing shop expands to New Jersey, takes 4,000 sq. ft. in Manalapan

Three new tenants are coming to a Manalapan strip center after leasing a combined 9,100 square feet at the property, according to brokers with The Goldstein Group.

Community
Larken Associates volunteer team returns from latest home-building mission in Guatemala

Employees of Larken Associates have completed their latest volunteer trip to Guatemala as part of an ongoing effort to provide sustainable housing and education in the country.

Industrial
Terreno sells Somerset industrial building for $25 million, nearly tripling purchase price

Terreno Realty Corp. has sold an 86,000-square-foot industrial building in the Somerset section of Franklin for $25 million, nearly tripling the price it paid for the property in 2016.

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.