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.

People
Ware Malcomb promotes Northeast civil engineering leader to director

Design firm Ware Malcomb has announced a promotion for the leader of its civil engineering practice in the Northeast.

Retail
Jackson Hewitt takes 1,200 sq. ft. at Linden apartment, retail property

Tax service provider Jackson Hewitt has leased space at the site of a 113-unit luxury apartment property in Linden, in a deal arranged by Lee & Associates New Jersey.

Retail
Boniakowski inks sale, lease deals in Middlesex and Union

An investor has purchased a 2,700-square-foot commercial property in Middlesex Borough, in one of several newly announced deals by The Boniakowski Commercial Real Estate Group.

Residential & Mixed Use
Two years after massive fire, Bound Brook looks to rebuild momentum for downtown revival

With the addition of 500 new apartments in recent years and hundreds more in the pipeline, local officials in Bound Brook are forging ahead with efforts to revitalize their downtown.

Health Care & Education
Urban Edge, HMH bringing 80,000 sq. ft. medical office building to Bergen Town Center

Urban Edge Properties is bringing a new 80,000-square-foot medical office building to its flagship Bergen Town Center, having signed a lease with Hackensack Meridian Health.

Industrial
Denholtz forms $1 billion joint venture targeting multitenant industrial properties

Denholtz Properties has teamed with an institutional partner for a new $1 billion joint venture that will seek to acquire and develop multitenant industrial buildings.

Industrial
STRO, Valley Bank close $10.8 million loan for Passaic County industrial buildings

The STRO Cos. has secured a nearly $11 million loan to acquire a Passaic County industrial building and refinance another, the Ridgewood-based firm announced.

Office
C&W: Investor buys Princeton-area medical office building for $8 million

An investor has purchased a roughly 25,000-square-foot medical office building in West Windsor for $8 million, in a newly announced deal by Cushman & Wakefield.

Industrial
NAI Mertz inks sale of 180,000 sq. ft. Montgomery Co. flex park to Velocity Venture Partners

An investment group has added to its fast-growing portfolio in the region with its purchase of a five-building, 180,000-square-foot flex industrial park about 20 miles outside New Jersey.

Policy Page
Labor force challenges: An intense and growing concern

Fortunately for New Jersey, international migration of the foreign-born is countering the outflow of our domestic population. This trend, however, should not be taken for granted, as immigrants are now heading to other gateways. It is crucial for our economic competitiveness that New Jersey maintain its historic attractiveness for these international arrivals.