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.

Editor’s Note

A fresh look

You wouldn’t know it by the last four months, but major news stories are always prone to ebbs and flows. The federal Opportunity Zone program is a case in point when it comes to commercial real estate publications. The investment vehicle has been all the rage at various points since it was created in late 2017, only to take a step back as buzz died down.

Kearny Point expands selection of private offices as tenants seek safety, control

Hugo Neu Corp. has unveiled a collection of about 200 private offices at its Kearny Point campus, providing an option for tenants seeking an alternative to the crowded, collaborative spaces that run counter to social distancing guidelines.

Tulfra breaks ground on self-storage project at Rochelle Park redevelopment site

Tulfra Real Estate has started construction at the site of a self-storage facility in Rochelle Park, part of a plan to redevelop a former AT&T data center site near Route 17.

Finance & Capital Markets

Pandemic slows first-half investment sales in northern, central New Jersey, DiLeo-Bram says

Commercial real estate investors across five New Jersey counties took a cautious approach during the coronavirus outbreak, as transaction volume fell through the first half of the year.

Hoboken developer, property manager unveils framework for safe return to work

A longtime developer and property manager in Hoboken is rolling out new guidelines to help its commercial tenants and corporate employees return to work safely and confidently.

Woodmont taps former CBRE broker to lead industrial acquisitions

Woodmont Properties has hired a former broker with CBRE as its new head of industrial acquisitions.

Residential & Mixed Use

RD Management, Canoe Brook launch leasing at 338-unit rental project in Marlton

A joint venture has taken the wraps off a new 338-unit upscale apartment property in Evesham, the latest piece of a mixed-use redevelopment site along Route 70.

J.G. Petrucci sells 188,000 sq. ft. industrial building in Somerset County

J.G. Petrucci Co. Inc. has completed the sale of a built-to-suit, 187,500-square-foot industrial building in Branchburg to a hospitality and food-service products company.

NAI Hanson inks 120,000 sq. ft. industrial sale in Totowa

A cosmetics company has acquired a nearly 120,000-square-foot industrial building in Totowa, under a newly completed transaction by NAI James E. Hanson.

Colliers: Logistics firm takes 152,000 sq. ft. in Logan industrial park

A warehouse and trucking firm is consolidating locations, having leased more than 150,000 square feet of industrial space in Logan Township.