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
Burrito chain inks five new leases among recent deals by Pierson Commercial

A fast casual chain serving burritos and other Mexican-style items is adding five new locations in and around New Jersey, in a series of recent transactions by Pierson Commercial.

Events
NAIOP New Jersey to honor Klatskin, renames lifetime achievement award in father’s honor

NAIOP New Jersey has renamed its prestigious Lifetime Achievement Award in memory of the late Charles Klatskin, the pioneering developer and founder of Forsgate Industrial Partners, with plans to bestow the honor on his son at the association’s largest annual event.

Professional Services
Colliers adds former Transwestern market leader in New Jersey as executive managing director

Colliers International has added to its New Jersey leasing team with the hiring of a veteran broker and former leader of Transwestern’s office in the state.

Residential & Mixed Use
CHA, city officials mark debut of apartments, redevelopment of ex-hospital site in Plainfield

CHA Partners has unveiled a new 120-unit luxury apartment building in Plainfield, part of a master-planned redevelopment of the city’s former Muhlenberg Regional Medical Center.

Residential & Mixed Use
Developer, city officials detail additional plans for Newark stadium redevelopment

A developer and Newark city officials are offering new details about a plan to revitalize a former stadium property, including a focus on affordable housing and the use of union labor.

Office
Larken to build 19,000 sq. ft. of new office space at Branchburg site

Larken Associates has unveiled plans to build a new 19,000-square-foot professional and medical office building at an existing property in Somerset County.

People
Kokes Properties announces promotion of longtime employee to controller

A longtime employee of Kokes Properties and its predecessor businesses has earned a promotion to the position of controller.

Residential & Mixed Use
Liberty Science Center names developer for 400 apartments at ‘SciTech Scity’ project

The Liberty Science Center in Jersey City has tapped a New York-based developer to build 400 apartments on an adjacent property, with plans to market the units to entrepreneurs, teachers, students and others as part of a sweeping innovation campus alongside the facility.

Office
Partnership sells majority stake in 541,000 sq. ft. Parsippany office building

A joint venture has sold a majority interest in a Parsippany office building, following upgrades at the property that helped lure a pharmaceutical company’s U.S. headquarters in 2018.

Industrial
JLL inks sale of industrial-zoned parcel in Meadowlands

An undisclosed buyer has purchased a three-acre industrial parcel in Carlstadt, in a deal arranged by brokers with JLL.