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.

Government & Public Policy
Newark approvals include tax abatement for second ‘Shaq Tower’

A proposed 370-unit apartment tower in Newark has secured a 30-year tax abatement, as city officials move to advance a series of planned developments despite the pandemic.

Office
WCRE inks sale of 5,700 sq. ft. Hamilton office building

A nearly 6,000-square-foot office building in Hamilton is under new ownership, following a transaction arranged by Wolf Commercial Real Estate.

Office
Orthopedist signs 2,500 sq. ft. lease in Cherry Hill, Vantage RES says

A medical office building in Cherry Hill has added a new tenant, securing a long-term lease with a Philadelphia-based orthopedic practice.

Industrial
CBRE: Developer lures e-commerce giant to Jersey City logistics project, its first in N.J.

A developer has landed a major tenant at its first New Jersey industrial project, inking a full-building lease in Jersey City with what it described as a global e-commerce company.

Health Care & Education
NAI Hanson inks sale of Hunterdon flex building slated for rehab facility

A psychiatrist has acquired a 7,800-square-foot industrial flex building in Hunterdon County, with plans to build out the property as a residential addiction rehabilitation facility.

Industrial
Perfume plant in Keyport fetches $5 million, Sheldon Gross says

A perfume company has sold its nearly 75,000-square-foot manufacturing plant in Keyport, under a newly completed transaction by Sheldon Gross Realty.

Residential & Mixed Use
Second phase of JMF project in Plainfield set to welcome first residents

JMF Properties is just weeks away from welcoming its first residents to the second piece of a new luxury apartment complex in Plainfield, the developer announced this week.

Residential & Mixed Use
Pennrose, Marketing Directors resume in-person tours at New Brunswick high-rise

The leasing team at a new 207-unit apartment tower in New Brunswick has resumed in-person showings, while still offering virtual options for prospective renters.

Office
NYL sells two-building Bedminster office complex, JLL says

New York Life Real Estate Investors has sold a two-building, 194,000-square-foot office complex in Bedminster, in a newly announced transaction by JLL.

Office
KBS, Newmark Knight Frank marketing Woodbridge office campus for sale

KBS is seeking a buyer for a six-building, 630,000-square-foot office complex in Woodbridge, according to the private equity real estate firm and brokers with Newmark Knight Frank.