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
Queens-based pizza chain signs lease in Marlton, Vantage Commercial says

A pizza chain is expanding to southern New Jersey after leasing space at a Burlington County shopping center, under a deal arranged by Vantage Commercial.

Office
NAI Fennelly closes 110,000 sq. ft. in Central Jersey office leases, sales in first half of 2022

NAI Fennelly is touting the completion of more than 110,000 square feet of office leases and sales in central New Jersey during the first half of 2022.

Residential & Mixed Use
RMS touts lease-up of new Union Twp. apartments, eyes next New Jersey project

Development firm RMS Cos. has leased up a new 153-unit luxury apartment property in Union Township, as it looks to build on the success of its first project in New Jersey.

Professional Services
Cafiero-led team looks to continue pace as Marcus & Millichap’s top N.J. brokerage unit

Marcus & Millichap’s top investment sales team in New Jersey is seeking continued momentum, following a banner year in 2021 and a strong first half of 2022, with a focus on triple-net-lease and multitenant retail deals and the industrial and office sectors.

Industrial
Seven-building, 45,000 sq. ft. Hackensack industrial portfolio sells for $7.3 million

Brentwood Realty has sold a nearly 45,000-square-foot industrial portfolio in Hackensack for $7.3 million, in a newly announced transaction by Cushman & Wakefield.

Industrial
Rockland County firm buys 12,000 sq. ft. facility in Upper Saddle River, NAI Hanson says

A company is relocating from Rockland County after purchasing a 12,000-square-foot industrial flex property in Upper Saddle River, according to a broker with NAI James E. Hanson.

Retail
Owner of 700,000 sq. ft. shopping center, net-leased portfolio taps LMC for new assignment

Levin Management Corp. has secured a new assignment to oversee a sprawling portfolio of shopping centers and net-leased property in and around New Jersey.

Professional Services
J.G. Petrucci construction affiliate Iron Hill announces three promotions

The construction affiliate of J.G. Petrucci Co. Inc. has announced the promotion of three longtime employees.

Office
Larken Associates, optometrist sign 1,200 sq. ft. lease in Raritan Borough

An optometry practice has found a new home in Somerset County after signing a nearly 1,200-square-foot lease with Larken Associates.

Industrial
Seagis acquires 159,000 sq. ft. Middlesex County warehouse for $24 million

Seagis Property Group LP has acquired a nearly 160,000-square-foot industrial building in Metuchen, with plans to upgrade the property with a multimillion-dollar investment.