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.

Retail
JLL: Buyer wanted for 91,000 sq. ft. shopping center on Route 46

The owner of a nearly 91,000-square-foot retail center in Woodland Park has put the property on the market for sale, in a new offering by JLL’s New Jersey capital markets team.

Industrial
Saxum boosts industrial platform with new director of investments

Saxum Real Estate has welcomed a new director of investments for its industrial platform, tapping a veteran executive to spearhead its growth in the asset class.

Office
JLL: Camden County takes 154,000 sq. ft. to complete lease-up of Cherry Hill office building

The owner of a Cherry Hill office building has leased more than 150,000 square feet to Camden County, capping a two-year string of deals to bring the property to full occupancy.

Residential & Mixed Use
J.G. Petrucci adds senior housing industry veteran as managing director

J.G. Petrucci Co. Inc. has named a new managing director of senior housing as it looks to grow its footprint in the niche asset class.

Office
NAI DiLeo-Bram inks 34,000 sq. ft. in leases at Edison office complex

Three tenants have combined for nearly 34,000 square feet in leasing volume at a three-building, 264,000-square-foot office park in Edison, according to NAI DiLeo-Bram & Co.

Industrial
Walls tilted at site of 702,000 sq. ft. logistics center in Palmyra, brokers say

A development team is eyeing a September delivery for more than 700,000 square feet of new industrial space in Burlington County, the project’s leasing team announced Monday.

Retail
Old Navy leases 14,000 sq. ft. at Kearny Plaza shopping center, Welco says

A new Old Navy store has come to a 62,000-square-foot shopping center in Kearny, in a newly announced transaction by Welco Realty Inc.

Residential & Mixed Use
Alpine, FieldsGrade hit 65 percent leased at 114-unit Jersey City apartment building

Renters have leased nearly two-thirds of a new 114-unit luxury apartment building in Jersey City’s historic Bergen-Lafayette neighborhood, its developers said Monday.

Retail
Onyx welcomes Baraka, local leaders to reveal jewel box entrance at Gateway complex

The overhaul of Newark’s sprawling Gateway Center was on display last week as a development team revealed the new two-story, glass-encased lobby that will connect the streetscape to a planned 100,000-square-foot dining and retail concourse.

Retail
Irgang Group names operations manager for newly added Millville power center

The new owner of a 393,000-square-foot shopping center in Millville has hired a construction industry veteran to oversee the property and another recent addition to its portfolio.