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
NAI DiLeo-Bram: Flooring contactor expands with 7,000 sq. ft. Kenilworth industrial building

A flooring contactor has purchased a 7,000-square-foot industrial building in Kenilworth, in a newly announced transaction by NAI DiLeo-Bram & Co.

Industrial
Blau & Berg: Family sells Plainfield commercial lot after nearly 100 years

The longtime owner of a commercial lot in Plainfield has sold the property, according to a brokerage team with The Blau & Berg Co.

Residential & Mixed Use
Denholtz adds 384-unit luxury rental property outside Nashville, in latest Southeast deal

Denholtz Properties has continued its out-of-state expansion with the acquisition of a newly built, 384-unit apartment property outside Nashville, the Red Bank-based firm announced.

Residential & Mixed Use
Larken eyes mid-2023 groundbreaking for new 120-unit Warren County multifamily project

Larken Associates has received local approvals to build 120 new apartments in Pohatcong, as it looks to add to its multifamily portfolio in Warren County and across the region.

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.