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
Chilmark: Consulting firm MPI leases 9,000 sq. ft. at BXP building outside Princeton

A national consulting firm has taken more than 9,000 square feet at a Princeton-area office building, in a newly announced deal by Chilmark Real Estate Services.

Professional Services
Otteau Group, influential appraisal and advisory firm, promotes Montferrat to partner

The Otteau Group has elevated Connor Montferrat to partner, citing his contributions, leadership and service to clients since he joined the Matawan-based firm in 2017.

Retail
VanRock buys 12,000 sq. ft. Dollar General property in Camden County, C&W says

VanRock Properties has acquired a nearly 12,000-square-foot retail building in Camden County for $1.675 million, brokers with Cushman & Wakefield announced Tuesday.

Government & Public Policy
Lions Group eyes 360-unit Journal Square rental tower with $90 million Aspire award

A developer is set to break ground on a 34-story, 360-unit apartment tower in Jersey City after securing a nearly $90 million tax credit award under the state’s Aspire program.

Residential & Mixed Use
Romema Capital sells new 104-unit Plainfield rental property, Hudson Atlantic says

The builder of a new 104-unit luxury apartment building in Plainfield has sold the property for $39 million, in a newly announced deal by Hudson Atlantic Realty.

Residential & Mixed Use
JLL tapped to arrange sale of 126-bed Rutgers student housing portfolio in New Brunswick

The owner of a two-building, 126-bed student housing portfolio near Rutgers University in New Brunswick has hired JLL to market the properties for sale.

Residential & Mixed Use
NAIDB: Portfolio with 10 apartments, commercial space trades in Raritan Borough

A private investor has acquired a combined 10 apartments and four commercial spaces in Raritan Borough as part of a two-building portfolio sale arranged by NAI DiLeo-Bram & Co.

Industrial
Doren Development, towing firm ink new lease for Irvington industrial outdoor storage site

Doren Development has secured a tenant for two acres of newly vacant industrial outdoor storage property in Irvington, the firm announced last week.

Office
Personal injury firm takes 2,400 sq. ft. in Cherry Hill, WCRE says

A law firm has found a new office in South Jersey after leasing 2,400 square feet in Cherry Hill, according to a brokerage team with Wolf Commercial Real Estate.

Industrial
Stonemont adds to New Jersey holdings with 67,000 sq. ft. industrial service facility in Logan

Stonemont Financial Group has acquired a 67,000-square-foot industrial service facility in Logan Township, expanding its holdings in the Northeast and in a growing asset class.