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
Larken Associates, consignment shop ink 1,600 sq. ft. lease in Hillsborough

A consignment shop is opening a new location in Hillsborough, where it’s leasing more than 1,600 square feet at a retail and office complex owned by Larken Associates.

Industrial
Developers plan 426,000 sq. ft. industrial campus after buying Somerset office property

A joint venture has acquired an office building and adjacent land in Franklin Township, with plans to redevelop the site as a two-building, 426,000-square-foot industrial campus.

People
Denholtz expands construction, finance teams with five new hires

Denholtz Properties has announced five new hires, with an eye toward bolstering its internal construction and finance teams in the wake of the pandemic.

Industrial
Premier delivers 50,000 sq. ft. warehouse, headquarters for logistics firm in Piscataway

A design and construction firm is marking the completion of a facility in Piscataway that will serve as a new warehouse and headquarters for a growing logistics provider.

Retail
Cronheim sources $9.6 million loan for Vineland shopping center deal

A grocery-anchored, 140,000-square-foot retail center in Vineland has changed hands with the help of more than $9.6 million in financing, according to brokers with Cronheim Mortgage.

Professional Services
WCRE adds veteran South Jersey broker, eyeing continued expansion

Wolf Commercial Real Estate has bolstered its team with the addition of a veteran broker, as it looks to continue its growth in New Jersey nearly a decade after its founding.

Government & Public Policy
Santola joins State Planning Commission after nomination by Murphy, approval by Senate

Longtime development executive Stephen Santola has joined the State Planning Commission as a public member, following lawmakers’ recent approval of his nomination to the group.

Industrial
Pennsauken warehouse fully leased after deal with beverage packer

A packaging company is tripling its footprint in the region after taking more than 63,000 square feet of industrial space in Pennsauken, according to brokers with Colliers International.

Residential & Mixed Use
Prism launches leasing at 232-unit upscale rental project in Woodbridge

Prism Capital Partners has all but completed a new 232-unit luxury apartment complex in Woodbridge, helping to revitalize a busy corner in the municipality’s downtown.

Residential & Mixed Use
JMF opens Glen Ridge apartment building, expanding acclaimed ‘Clarus’ brand

JMF Properties has taken the wraps off a new 110-unit luxury apartment building in Glen Ridge, seeking to lure renters with a location near commuter rail service and downtown Montclair.