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.

Industrial
Prologis to add 9.6 million square feet in New Jersey with Duke Realty acquisition

Prologis Inc. will add nearly 10 million square feet to its New Jersey portfolio after agreeing to acquire Duke Realty Corp., in an all-stock, $26 billion transaction that spans more than 150 million square feet of combined industrial space in 19 major U.S. markets.

Residential & Mixed Use
New 33-story tower in Newark by Boraie, Shaq on track for spring 2023 delivery

Boraie Development has reached a key milestone in its construction of a 370-unit apartment tower in downtown Newark, with plans to debut the building next spring under its latest partnership with city native and basketball legend Shaquille O’Neal.

Retail
Net-leased gas station site in Hamilton trades for $4 million, Marcus & Millichap says

A private LLC has sold a net-leased service station property in Hamilton for $4.15 million, in a newly announced deal by Marcus & Millichap.

Office
YMCA chapter sells 7,000 sq. ft. office building in Livingston, NAI Hanson says

NAI James E. Hanson has negotiated the sale of a freestanding, 7,000-square-foot former YMCA office building in Livingston.

Professional Services
Savills taps real estate, finance veteran as head of Northeast research team

Savills has named a new senior director for its Northeast research group, tapping a longtime finance and commercial real estate professional for the role.

Residential & Mixed Use
Solomon Organization names new managing, associate directors after seven promotions

The Solomon Organization has announced seven promotions across its Summit-based headquarters and regional offices managing its 20,000-unit apartment portfolio.

Retail
Daycare, convenience store combine for 6,000 sq. ft. at new Jersey City apartment building

The developer of a new apartment building in Jersey City has signed two ground-floor retail leases at the property, according to a brokerage team with The Goldstein Group.

Residential & Mixed Use
Camden leaders focused on new housing, population growth after years of large corporate projects

After years of high-profile public and corporate development projects, Camden city officials say new housing is key to convincing the thousands of employees who now come to work in the city each day to also live there.

Office
JLL: Yarn maker finds new home, subleases 13,000 sq. ft. in Lyndhurst

A yarn company is taking 13,000 square feet of office space in Lyndhurst as part of a plan to relocate and expand its operation, under a deal arranged by brokers with JLL.

Health Care & Education
Atlantic County medical office campus, development site fetches $6.1 million

A personal trust has sold a partially completed medical office campus in Little Egg Harbor for $6.1 million, in a recently completed deal by Marcus & Millichap.