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.

Government & Public Policy
Fulop expects nimble approach to development in Jersey City, with major projects still to come

Jersey City is still in the earliest stages of its well-chronicled renaissance, the city’s mayor said Thursday, while projecting a nimble approach to development in the face of economic headwinds and a continued focus on lesser-known neighborhoods outside the downtown.

Professional Services
Cushman names new senior research manager in New Jersey

Cushman & Wakefield has hired a new senior research manager in New Jersey, in the latest key addition to its team in the state.

Retail
CVS property in Bridgewater trades for $11 million, in deal with California-based buyer

CBRE has negotiated the sale of a 14,688-square-foot, single-tenant CVS property in Bridgewater to California-based Heritage San Leandro LP for $10.9 million.

Retail
Urban Edge retail center in Watchung fully leased after new 23,000 sq. ft. deal with Aldi

Urban Edge Properties has signed Aldi to a long-term commitment for more than 23,000 square feet at Greenbrook Commons in Watchung, completing the center’s lease-up.

Industrial
Cell tower repair business takes 6,200 sq. ft. in Hackensack

NAI James E. Hanson has negotiated a 6,200-square-foot lease for industrial space at 262 Hudson St. in Hackensack.

Industrial
Forsgate acquires 4.6-acre Meadowlands development site, NAI Hanson says

Forsgate Industrial Partners has acquired a former hotel property in Lyndhurst that figures to be a prime development parcel at the intersection of two major highways.

Retail
New 30,000 sq. ft. retail center in Butler trades for $24 million, Marcus & Millichap says

A private investor has purchased a newly built retail center in Morris County for nearly $24 million, in a transaction arranged by Marcus & Millichap.

People
STRO names new director of construction

The STRO Cos. has hired a 15-year construction industry veteran to support its in-house team and the ongoing growth of its commercial real estate portfolio.

Office
JLL named property manager of 760,000 sq. ft. Headquarters Plaza in Morristown

The owners of Morristown’s Headquarters Plaza complex have tapped JLL to manage the three-building, 760,000-square-foot property.

Retail
Dave’s Hot Chicken coming to New Jersey with new lease in Wayne

A fast casual chicken brand has found its first New Jersey location after a franchisee’s newly completed lease in Wayne.