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.

Top News
PS&S mourns loss of longtime firm leader, industry pioneer Anthony Sartor

Professional services firm PS&S is mourning the loss of Anthony J. Sartor, its former longtime chairman and CEO and a forerunner in the environmental engineering field, whose career also included decades of public service under six New Jersey governors.

Industrial
REIT buys 246,000 sq. ft. Vineland, Bridgeton portfolio in $33 million sale-leaseback

A real estate investment trust has purchased a two-building, 246,000-square-foot industrial portfolio in Vineland and Bridgeton, in a deal valued at nearly $33 million.

Retail
Office, retail building changes hands in Paramus, NAI Hanson says

An investor has purchased a 3,800-square-foot commercial property on Route 17 in Paramus, in a newly announced transaction by NAI James E. Hanson.

Retail
JDA taps Pierson Commercial to lease retail development site in Ocean County

JDA Group LLC has named Pierson Commercial as its leasing agent for a retail property in Ocean County, where the firms are touting in-place approvals for new development.

Cover Story
Prologis eyes continued push in New Jersey, New York with a team that has doubled since 2019

Prologis Inc. has grown to about 65 employees in New Jersey and New York to support its expansion in the region, nearly double its headcount from just three years ago, reflecting the growth of its footprint during that time from 37 million to 44 million square feet.

Finance & Capital Markets
JLL: Owner of new 130,000 sq. ft. industrial facility in Ewing refis for $14.5 million

The owner of a newly built, 130,000-square-foot industrial building in Mercer County has refinanced the property for $14.5 million, in a newly announced deal by JLL.

Office
Bergman touts 77 leases across New Jersey office buildings during first half of 2022

Upgrades to its New Jersey office buildings are seemingly bearing fruit for Bergman Real Estate Group, helping fuel nearly 80 leases across the firm’s portfolio during the first half of the year.

Retail
Investor adds triple-net-leased Wawa property in Camden County, WCRE says

An investor has purchased the site of a triple-net-leased Wawa store in the Camden County township of Voorhees, under a recent deal by Wolf Commercial Real Estate.

Residential & Mixed Use
Developer lands $10 million construction loan for 44-unit Jersey City rental project

The developer of 44 new luxury apartments in Jersey City’s West Side neighborhood has secured nearly $10 million in construction financing, brokers with JLL announced.

Finance & Capital Markets
Sanzari refis two Glenpointe office buildings for $32 million, JLL says

Alfred Sanzari Enterprises Inc. has secured $32 million to refinance two pieces of its flagship Glenpointe campus in Teaneck, in a newly announced deal by JLL.