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
Petrucci touts start of 2 million sq. ft. in New Jersey, Pennsylvania industrial projects

J.G. Petrucci Co. Inc. is set to break ground on more than 1 million square feet of new industrial space in Logan Township, in one of several projects that the firm will soon have underway.

Health Care & Education
ON3: Prism eyes groundbreaking for preleased, 80,000 sq. ft. medical office building

Prism Capital Partners is preparing to start construction on a new preleased, 80,000-square-foot medical office building in Clifton, the latest addition to its flagship ON3 campus.

Industrial
Sitex adds to Meadowlands holdings, acquiring 30,000 sq. ft. warehouse in Carlstadt

Sitex Group has acquired a vacant 30,000-square-foot warehouse in Carlstadt, the latest addition to its portfolio of Meadowlands industrial buildings.

Professional Services
Pierson announces broker promotion to director

Pierson Commercial has promoted a veteran retail broker, touting his role in expanding the company’s footprint and his work with national and regional operators.

Industrial
Colliers inks 141,000 sq. ft. industrial sublease in Pennsauken

An auto parts businesses has subleased more than 140,000 square feet of industrial space in Pennsauken, under a newly announced transaction by Colliers International.

Professional Services
Sheldon Gross adds corporate sales rep to CRE team

Sheldon Gross Realty has named a new corporate sales representative, touting his experience in both the real estate and food industries.

Residential & Mixed Use
Larken secures approval, plans 254 apartments at former office project site in Readington

Larken Associates has secured a local approval to build 254 luxury apartments along Route 22 in Readington, the site of what was once slated to be a professional office campus.

Residential & Mixed Use
Developer eyes launch of leasing at 276-unit rental project in Somerset County

Accurate Builders & Developers is nearing completion of a new 276-unit multifamily project just steps from NJ Transit rail service in Somerset County, the firm announced Tuesday.

Industrial
NAI Hanson: E-commerce user takes 110,000 sq. ft. in North Bergen

A new tenant is coming to a North Bergen industrial building, where it will lease 110,000 square feet to use for e-commerce warehousing and distribution.

Industrial
REIT adds to South Jersey portfolio with 112,000 sq. ft. industrial building in Mount Laurel

A real estate investment trust has acquired a 112,000-square-foot industrial building in Mount Laurel, brokers with NAI Mertz announced Tuesday.