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
Middlesex County industrial building fetches $4.1 million, Deluccia says

A buyer has paid more than $4 million for a roughly 31,000-square-foot industrial building in Middlesex County, according to a brokerage team with Deluccia Commercial Group.

Residential & Mixed Use
Kokes begins construction on newest rental building at The Mill at Riverside

Kokes Properties has broken ground on another 40 apartments as part of an ongoing redevelopment project near an NJ Transit light rail stop in Burlington County.

Retail
Pierson touts flurry of retail deals amid strong demand for neighborhood, community centers

Pierson Commercial has reported strong leasing activity across a range of retail properties, from a highway shopping center in Hazlet to a new-look transit hub in downtown Newark.

Industrial
New spec 610,000 sq. ft. warehouse on track for summer delivery, JLL says

A developer is set to complete a project that will bring more than 600,000 square feet of new high-end logistics space to Burlington County, according to a leasing team with JLL.

Finance & Capital Markets
Veteran banker Markey joins Valley as senior vice president, head of CRE division

Valley Bank has tapped a longtime lending executive as a new senior vice president and head of its commercial real estate division.

Industrial
Vantage Commercial: E-commerce site takes 21,000 sq. ft. for new Pennsauken headquarters

An e-commerce business has leased nearly 21,000 square feet of warehouse and office space in Pennsauken, in a newly announced transaction by Vantage Commercial.

Industrial
Fennelly: Developer eyes 130,000 sq. ft. industrial project after assembling Millstone site

A developer hopes to build more than 130,000 square feet of new industrial space in Monmouth County after acquiring 11 acres just north of Interstate 195.

Top News
Kushner, Fulop join to break ground on long-awaited One Journal Square project

Slated for completion in 2026, One Journal Square will comprise two 64-story glass towers housing 1,723 residential units, 45,000 square feet of upscale amenities and 40,000 square feet of ground-floor retail space. — Courtesy: Kushner By Joshua Burd Construction is…

Residential & Mixed Use
NAIOP gala honors top real estate players and projects, as honorees tout chapter’s role

NAIOP New Jersey’s annual gala drew a registered crowd of more than 800, in an event that celebrated the state’s commercial real estate sector and the association that guides it.

Office
GTL opens new Cedar Knolls office to support growing New Jersey team

GTL Construction has unveiled its new office space in New Jersey after a recent move inside Morris County.