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
LEG set to break ground on 333,000 sq. ft. spec warehouse at Bayonne logistics hub

Lincoln Equities Group is set to begin construction on the latest piece of its new logistics campus in Bayonne, where plans call for another 333,000 square feet of speculative industrial space.

Industrial
Prologis plans 185,000 sq. ft. logistics center after buying Mount Laurel office building

Prologis has purchased a Mount Laurel office building that it now plans to redevelop as nearly 185,000 square feet of modern industrial space, in a newly announced deal by CBRE.

Industrial
Hampshire leases 102,000 sq. ft. at newly acquired, updated Allendale building, brokers say

The Hampshire Cos. has attracted two tenants to a Bergen County industrial building, leasing a combined 102,000 square feet in deals by NAI James E. Hanson and The Van Houten Group.

Professional Services
Two senior industrial brokers join Lee & Associates New Jersey as partners

Lee & Associates New Jersey has bolstered its team in the state with the addition of two veteran industrial real estate brokers.

Residential & Mixed Use
BNE, local officials mark opening of 291 apartments in South Amboy

With leasing well underway, BNE Real Estate welcomed local officials this week to unveil its new 291-unit luxury apartment building along the Raritan Bay in South Amboy.

Industrial
Restaurant owner buys 15,000 sq. ft. in Hamilton as commissary space, Fennelly says

A restaurateur has purchased 15,000 square feet of industrial space in Hamilton that he will use as a facility for his new catering business, according to brokers with NAI Fennelly.

Office
SJP, Scotto eye spring groundbreaking for new 120,000 sq. ft. Valley Bank HQ in Morristown

A development team is planning a spring groundbreaking for the new 120,000-square-foot office building in Morristown that will become the headquarters of Valley National Bancorp.

Office
Signature Acquisitions details 15 leases in Union, Monmouth totaling 55,000 sq. ft.

The owner of an eight-building, 820,000-square-foot office portfolio in Union County is touting more than a dozen recent deals at the properties, including eight new leases or expansions.

Industrial
Peak Construction moves East Coast office to East Windsor

Peak Construction Corp. has relocated its East Coast office to East Windsor, seeking to accommodate its fast-growing pipeline and operations team in the region.

Residential & Mixed Use
Kislak promotes three standout brokers

The Kislak Co. Inc. has promoted three leading members of its sales team, following a banner year for the Woodbridge-based commercial real estate brokerage firm.