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.

Professional Services

Blau & Berg broker promoted to senior director

The Blau & Berg Co. has announced the promotion of a broker specializing in supply chain and logistics-related properties.

Retail

Progress Realty acquires 219,000 sq. ft. North Carolina retail center

An affiliate of Tinton Falls-based Progress Capital has added to its out-of-state portfolio, acquiring a 219,000-square-foot shopping center in North Carolina.

PRC Group taps 3P Equity co-founders to lead new capital markets arm

By Joshua Burd The PRC Group has joined forces with the founders of a real estate investment firm, launching a new subsidiary focused on capital markets and expanding its development pipeline. The West Long Branch-based development, construction and management business…

Residential & Mixed Use

Developer rebrands, highlighting iconic Kokes family name

A third-generation developer has rebranded his firm, highlighting his family’s well-known name in the industry as it seeks a more active role in ground-up construction projects.

Office

Investor acquires 83,000 sq. ft. office portfolio in Mount Laurel, JLL says

A private investor has acquired a nearly 85,000-square-foot office complex in Mount Laurel, in an $11.05 million sale arranged by JLL.

Industrial

CBRE brokerage team touts $1.1 billion in New Jersey investment sales in 2019

A regional brokerage team with CBRE is hailing more than $1 billion in sales in 2019, highlighted by the $151.2 million trade of a nearly 320,000-square-foot logistics center in Secaucus.

Residential & Mixed Use

NAI Hanson: South Orange development lot changes hands, slated for mixed-use project

A developer has acquired the former site of a bank branch in South Orange, brokers with NAI James E. Hanson said, citing plans for a new building with retail and residential space.

Industrial

CBRE inks $4.7 million sale of North Jersey flex, industrial portfolio

A family estate has sold a four-building, 95,000-square-foot industrial and flex portfolio in northern New Jersey, under a newly announced transaction by CBRE.

Office

SJP, Scotto ink 110,000 sq. ft. lease with Deloitte for mixed-use redevelopment in Morristown

Deloitte LLP has agreed to lease 110,000 square feet in downtown Morristown, where it’s slated to anchor a high-profile redevelopment proposed by SJP Properties and Scotto Properties.

Retail

JLL: Monroe grocery-anchored retail center sells for $32 million

A joint venture has acquired a Middlesex County shopping center for more than $32 million, in a newly completed transaction by brokers with JLL.