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
Colliers taps veteran broker as senior managing director in New Jersey

Colliers International has bolstered its New Jersey brokerage team with the addition of a new senior managing director.

Industrial
Resource Realty: Developer set to begin 500,000 sq. ft. spec industrial project in N.Y.

A developer is preparing to break ground on a new 500,000-square-foot industrial project in New York’s Orange County, about 25 minutes north of the New Jersey border.

Office
Newmark touts launch of prebuilt office program at Hazlet campus

A landlord has unveiled a revamped, prebuilt office program in Hazlet, seeking to capture the demand for flexible workspaces in the suburbs.

Retail
JLL: Buyer wanted for net-leased Home Depot in Bloomfield

A net leased Home Depot property in Essex County is on the market for sale, in a newly announced offering by JLL’s New Jersey capital markets team.

Industrial
Endurance breaks ground on 289,000 sq. ft. warehouse project in Burlington Twp.

A developer has broken ground on a two-building industrial project that will bring nearly 300,000 square feet of new warehouse space to Burlington Township.

Residential & Mixed Use
Kislak inks $16.4 million sale of age-restricted complex in Hamilton

A large multifamily owner has expanded its portfolio in the state, acquiring 75 units and an adjacent development site at an active adult community in Hamilton.

Retail
Pierson Commercial named leasing agent at 204,000 sq. ft. Hazlet retail center

An investment team has tapped Pierson Commercial as its leasing agent at an upgraded shopping center in Hazlet, as it seeks to lure tenants to a newly dedicated restaurant section.

Industrial
Bridge, furniture maker ink 309,000 sq. ft. lease in Somerset, NAI DiLeo-Bram says

A furniture manufacturer has leased more than 300,000 square feet at Bridge Development Partners’ newly built industrial park in Franklin Township, NAI DiLeo-Bram & Co. announced.

Residential & Mixed Use
Ironstate, Brookfield announce three retail, medical leases at Montclair project

A joint venture has signed its first three commercial tenants at a soon-to-be-completed, mixed-use project in downtown Montclair, inking leases with an arts education school, an indoor rock-climbing gym and a well-known health care provider.

Residential & Mixed Use
Mixed-use building in Hudson County trades for $1.3 million, Marcus says

A private investor has acquired a mixed-use property in Union City for more than $1.3 million, under a newly announced transaction by Marcus & Millichap.