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.

Deals
NAI Fennelly inks sale of six-acre land site in Burlington County

A family has sold six acres of land along Route 206 in northern Burlington County, in a newly announced transaction by NAI Fennelly.

Industrial
Petrucci: Logistics firm’s lease at Logan Twp. storage lot among 395,000 sq. ft. in new deals

J.G. Petrucci Co. Inc. has welcomed seven tenants to its portfolio in New Jersey and Eastern Pennsylvania after recently leasing nearly 400,000 square feet in 90 days.

Industrial
Realterm buys 34,000 sq. ft. Port Newark facility, in latest North Jersey deal

Logistics investor Realterm has acquired the site of a nearly 34,000-square-foot industrial building minutes from Port Newark, the firm announced Tuesday.

Professional Services
MSW adds counsel, associate as newest members of real estate law team

Murphy Schiller & Wilkes LLP has announced two new additions to its Newark-based team of commercial real estate attorneys.

Professional Services
NAI Hanson promotes Fittizzi, Kristofich to vice president

NAI James E. Hanson has promoted brokers Dominic Fittizzi and Jonathan Kristofich to the role of vice president, the Teterboro-based real estate services firm announced Tuesday.

Retail
JMF, RD Management break ground on 7-Eleven store, gas station in Hanover

Partners JMF Properties and RD Management LLC have broken ground on a new 7-Eleven convenience store and gas station property in Hanover Township.

Professional Services
Tenant rep brokers focused on high-end office space join JLL tristate team

JLL has bolstered its team in the region with the addition of three accomplished tenant representation brokers in New York.

Industrial
Investment firm buys 144,000 sq. ft. Essex County facility in sale-leaseback

Investment firm MAG Capital Partners has acquired a nearly 145,000-square-foot building in Essex County as part of a sale-leaseback with the owner of a cosmetics manufacturer.

Industrial
Tanker company adds 220,000 sq. ft. Bridgewater complex for $37 million

An affiliate of a national tanker truck company has acquired a 220,000-square-foot industrial complex in Bridgewater for $37 million, according to a team with Bussel Realty Corp.

Government & Public Policy
EDA releases details on brownfields redevelopment subsidy, seeking public feedback

The state Economic Development Authority has released new details of a $300 million tax credit program designed to compensate developers in connection with projects that clean up and redevelop brownfield sites.