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
Duke Realty breaks ground on 268,000 sq. ft. FreezPak facility in Woodbridge

Duke Realty Corp. has broken ground on a nearly 270,000-square-foot freezer facility in Woodbridge that will support the continued expansion of a locally based operator.

Policy Page
CRE.Converge takeaways: Connectivity, technology and flexibility yield resilience

Over 1,000 of commercial real estate’s top owners, developers, investors and allied professionals gathered in Miami Beach last month for NAIOP’s CRE.Converge event to hear insightful discussions with industry thought leaders.

Industrial
Rockefeller, C&W announce sale of new 400,000 sq. ft. logistics center in Middlesex

Rockefeller Group has sold a newly built, 400,000-square-foot industrial property just north of Piscataway, in a transaction arranged by Cushman & Wakefield.

Residential & Mixed Use
Jersey City penthouse sells for $4.4 million, breaking prior record at 79-story tower

A buyer has paid more than $4.4 million for a penthouse in Jersey City, breaking a previous record set at the same newly completed high-rise along the Hudson waterfront.

Industrial
BRC: Shipping firm inks 87,000 sq. ft. expansion in Raritan Center

A trucking and shipping company is expanding its footprint after leasing nearly 90,000 square feet of industrial space in Edison, in a newly completed deal by Bussel Realty Corp.

Residential & Mixed Use
Weiss touts lease-up of 60-unit Somerville apartment building

The developer of a 60-unit apartment building in Somerville has leased up the property, touting its downtown location and the borough’s growing popularity among young renters.

Deals
Tech investor sells 10-acre lot near Princeton for $3.2 million, NAI Fennelly says

A developer has purchased 10 acres along Route 1 in West Windsor, where it now plans to build retail space and an extended stay hotel.

Retail
Azarian Group taps former employee as new director of leasing

A former employee of The Azarian Group has returned to the company as its new director of leasing.

Finance & Capital Markets
G.S. Wilcox sources $44 million loan for Pennsylvania medical office building

The owner of a 70,000-square-foot medical office building in Eastern Pennsylvania has secured $44 million in financing, in a deal arranged by G.S. Wilcox & Co.

Retail
New-look Gateway taking shape in Newark, with commitments from eight new restaurants

Eight new restaurants are coming to Newark’s Gateway Center, marking the latest step in a $40 million overhaul of the four-building office complex and its signature concourse.