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.

Office
Nonprofit expands, takes 15,000 sq. ft. in Burlington County, WCRE says

A nonprofit has leased nearly 15,000 square feet of office space in Moorestown, in a newly announced transaction by Wolf Commercial Real Estate.

Residential & Mixed Use
Petrucci, TD+ Partners break ground on 172-unit rental project in East Orange

A development team has broken ground on more than 170 apartments in East Orange, adding to the city’s fast-growing construction pipeline of market-rate and affordable units.

Sponsored Content
It’s here: Preparing for the upcoming recreational cannabis haze and craze

It is anticipated that state regulators will unveil the application process at any time within the next several weeks in order to commence the processing and issuance of recreational cannabis licenses in New Jersey. Thus, there is considerable excitement amongst real estate operators and potential cannabis businesses for the inevitable rapid and (likely) significant growth of the cannabis industry in New Jersey in the coming months and years. Notwithstanding such, as cannabis businesses will be highly regulated at both the state and local level (and remain illegal under federal law), it is critical that property owners and business owners fully evaluate the many regulatory, zoning, operational, and financing challenges associated with utilizing properties for cannabis uses.

Health Care & Education
Murphy, industry leaders break ground on 550,000 sq. ft. research campus in New Brunswick

Construction is set to begin on a two-building, 555,000-square-foot research complex in New Brunswick, the future home of the state’s flagship medical school and a place where startups can work side by side with New Jersey’s top health care and academic institutions.

Finance & Capital Markets
JLL inks $30 million loan for buyers of Giralda Farms office building

A joint venture has landed nearly $30 million in financing for its recent purchase of an office building in Madison’s acclaimed Giralda Farm campus, according to brokers with JLL.

Professional Services
NAI Hanson adds to research, brokerage teams with newest hires

NAI James E. Hanson has announced three new hires aimed at bolstering its research and brokerage teams.

Office
Pharmaceutical firm takes 7,300 sq. ft. in Bedminster, eyes expansion in U.S.

A global pharmaceutical company is expanding in the U.S. with a newly completed, 7,300-square-foot lease at a Bedminster office building, in a newly announced deal by Colliers.

Retail
Ex-bank building in Atlantic County changes hands, Vantage Commercial says

A consumer reporting agency has purchased a former bank building in Atlantic County, in a transaction arranged by Vantage Commercial.

Residential & Mixed Use
Developers launch condo sales after converting historic Wonder Bread factory in Hoboken

A development team has unveiled a collection of 83 upscale condominiums at the site of a newly restored, 112-year-old Wonder Bread factory in the heart of Hoboken.

Residential & Mixed Use
BNE eyes debut of 291-unit luxury apartment building in South Amboy

BNE Real Estate Group is set to unveil nearly 300 new luxury apartments in South Amboy, marking the first piece of a sweeping redevelopment project along the Raritan Bay.