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.

Industrial
Avison Young: Prologis acquires Dayton parking, maintenance site in sale-leaseback

Prologis has acquired a 10-acre parking and maintenance property in South Brunswick that it’s now leasing back to the seller and other tenants, according to brokers with Avison Young.

Retail
JDA expands footprint to Ocean County, acquiring 6,000 sq. ft. bank property

JDA Group LLC has purchased a 6,000-square-foot bank building in Lacey Township, marking the development and investment firm’s entrance to the Ocean County retail market.

Industrial
CBRE: Central Jersey cracks top 10 for large industrial leases, with 4.6 million sq. ft. in 2021

Five of the nation’s 100 largest industrial leases in 2021 occurred in central New Jersey, according to CBRE, accounting for 4.6 million square feet as deal sizes continue to grow.

Professional Services
LAN opens Sussex County office, its fifth overall, for growing surveying team

LAN Associates has continued its recent expansion with the opening of a new office in Vernon, in what will be the dedicated home of its growing surveying department.

Retail
Developer sells Woodland Park retail property for $2.6 million, Marcus says

A developer has sold a fully leased, 12,000-square-foot retail property in Woodland Park, in a newly announced transaction by Marcus & Millichap.

Office
SJP reacquires key Hoboken office building in joint venture, touting rare large-block availability

SJP Properties has regained full control of a three-building, 1.5 million-square-foot office and retail complex in Hoboken that it built over more than a decade, having reacquired the initial phase as part of a joint venture with David Werner Real Estate Investments.

Office
CBRE: Beverly Hills-based firm closes $261 million deal for Sanofi campus in Bridgewater

A brokerage team has identified a California-based investment firm as the buyer in the recent sale of the nearly 675,000-square-foot Sanofi U.S. headquarters campus in Bridgewater.

Top News
Atkins Cos. founder, patriarch Steve Atkins dies at 97

Atkins Cos. is mourning the loss of S. Stephen Atkins, the founder of the multigenerational commercial real estate firm based in West Orange, who died Saturday at age 97.

Industrial
Sheldon Gross: Saadia Group adds 199,000 sq. ft. printing plant in Freehold

The Saadia Group has purchased a 199,000-square-foot, multipurpose building at 235 Willow Brook Road on nearly 30 acres in Freehold.

Industrial
Meat processing equipment company takes 16,000 sq. ft. in East Brunswick, NAI DiLeo says

NAI DiLeo-Bram & Co. has negotiated a 16,000-square-foot industrial lease at 124 Tices Lane in East Brunswick.