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
STRO, KRE ink two leases to fill 137,000 sq. ft. spec warehouse in Florham Park, C&W says

The STRO Cos. and KRE Group have landed two tenants to prelease nearly 137,000 square feet of new industrial space in Florham Park, brokers with Cushman & Wakefield said Wednesday.

Industrial
Seagis buys 31,000 sq. ft. Carlstadt warehouse as its latest Meadowlands property

Seagis Property Group has closed on its latest property in Carlstadt, adding more than 31,000 square feet to its Meadowlands industrial portfolio.

Office
Lee & Associates: Glassman family sells 34,000 sq. ft. Fairfield office building for $3.6 million

A well-known office building in Fairfield has changed hands for $3.6 million, in a newly announced deal by Lee & Associates – WBE.

Health Care
Atlantic Physical Therapy opens at Kokes-owned property in Wall Township

Kokes Properties has welcomed a physical therapy practice to a new-look commercial building just east of Route 34 in Wall Township, the firm announced this week.

Retail
Ziabee Home Furnishing opens in North Brunswick for first U.S. location, LMC says

A furniture and home décor chain has unveiled its first United States location with a newly opened store in North Brunswick, according to a leasing team with Levin Management Corp.

Sponsored Content
Turn market challenges into real estate wins

It’s no secret — this isn’t the market we had a few years ago. Interest rates are high, lending is tight and underwriting standards have become tougher across the board. In the Mid-Atlantic, particularly in New Jersey and Philadelphia, buyers are feeling the pressure.

Deals that used to move quickly now require sharper pencils, stronger balance sheets and a longer-term view. But here’s the thing: This kind of market creates real opportunity — for the right kind of investor.

Industrial
LEG unveils 495,000 sq. ft. logistics park at former office campus in Morris Plains

Lincoln Equities Group has taken the wraps off nearly 500,000 square feet of modern industrial space in Morris County as part of a new two-building project near Route 10.

Residential & Mixed Use
JLL: Veris sells Wall Township tract slated for 296 townhomes to Lennar

Veris Residential Inc. has sold 47 acres in Wall Township to Lennar Corp., in a deal arranged by JLL, paving the way for a project that will bring nearly 300 new townhouses to the site.

Residential & Mixed Use
Developer eyes 36-unit workforce housing project in Plainfield, Taylor Architecture says

A developer has moved closer to building a new 36-unit workforce housing property in Plainfield after securing approvals earlier this month from the city’s planning board.

Office
Sanzari leases 4,500 sq. ft. in Elmwood Park to mental health practice

A mental health practice has leased nearly 4,500 square feet of office space in Elmwood Park, adding to the tenant roster at a building owned by Alfred Sanzari Enterprises.