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.

Professional Services
Lee & Associates promotes two industrial brokers to assistant vice president

Lee & Associates New Jersey has promoted two industrial brokers to the role of assistant vice president, the Elmwood Park-based firm announced Tuesday.

Industrial
Tenants wanted for new 262,000 sq. ft. Mercer County industrial building, Avison Young says

A developer has tapped Avison Young as its leasing agent for more than 260,000 square feet of soon-to-be-built industrial space in Lawrence Township.

Professional Services
DIGroup Architecture to be honored as AIA-NJ 2022 Firm of the Year

DIGroup Architecture is set to receive the coveted Firm of the Year Award at an upcoming event hosted by the American Institute of Architects New Jersey chapter.

Industrial
NAI Hanson: Cheer program takes 9,000 sq. ft. for new Meadowlands training facility

A competitive cheerleading program has leased more than 9,000 square feet at a Meadowlands industrial building, brokers with NAI James E. Hanson announced Tuesday.

Office
Life Time Work among new tenants at revamped, 665,000 sq. ft. Red Bank office campus

A high-end flexible workspace concept is coming to a six-building, 665,000-square-foot office campus outside Red Bank, as a joint venture continues its overhaul of the complex.

Finance & Capital Markets
JLL inks $19.6 million acquisition loan for Penwood industrial deal in Carlstadt

An affiliate of Penwood Real Estate Investment Management LLC has secured acquisition financing for a nearly 110,000-square-foot Meadowlands industrial building.

Retail
Route 46 store among two dozen Party City locations slated for closure, auction after bankruptcy

A store in Passaic County is among nearly two dozen Party City locations slated for closure or auction as part of the beleaguered chain’s bankruptcy restructuring.

Professional Services
DIGroup graphics team unveils inspiring design, wayfinding project at Trenton charter school

DIGroup Architecture has completed a project to transform the interior of a Trenton charter school, unveiling a sweeping graphic design and wayfinding program that aims to engage students with a mix of lessons, messages and historical references.

Hospitality & Tourism
Study: Meadowlands convention center, hotel complex would yield $30 billion over 30 years

A new Meadowlands convention center and hotel complex would generate $30 billion in new spending over 30 years, according to a study revealed Friday by supporters of the proposal.

Professional Services
Eider promoted to vice president investments with Marcus & Millichap

Marcus & Millichap has promoted one of its leading brokers in New Jersey to the position of vice president investments.