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.

Top News
IPRG: Buyer wanted for iconic Bendix Diner property on Route 17 in Hasbrouck Heights

The owner of a landmark diner in Hasbrouck Heights has tapped IPRG to sell the Route 17 property, providing an opportunity for a new operator or potential redevelopment of the site.

Retail
Doren Development lands key approval to build 7 Brew Coffee shop in Winslow Township

A new 7 Brew Coffee shop is on track to replace a former bank branch in Winslow Township as part of a newly announced project by Doren Development.

Industrial
DeSapio buys 12,000 sq. ft. flex building in Fairfield for $3 million, Deluccia says

A real estate firm has acquired a 12,000-square-foot flex industrial building in Fairfield for $3 million, in a newly announced deal by Deluccia Commercial Group.

Top News
JLL: Long Island office building is ‘ripe for redevelopment’ as industrial, multifamily

JLL’s Morristown-based investment sales team is marketing another potential redevelopment site at an aging office property, this time in the Long Island community of Melville.

Editor’s Note
Taking notice

As you’ll read in this month’s cover story, developers are laying the groundwork for what could be a new wave of apartment construction in downtown New Brunswick, seeking to meet the needs of workers that will come from the transformative, large-scale commercial projects that are taking shape. City officials say they’ve approved plans for residential projects with more than 2,000 units since the start of 2022, with hundreds more in the pipeline, setting the stage for a major infusion of new housing.

Office
Onyx: Fintech insurance firm Acrisure takes 43,000 sq. ft. at The Arbors in Parsippany

Onyx Equities has leased more than 43,000 square feet in Parsippany to Acrisure, a major fintech insurance firm, inking its latest deal at a revitalized five-building office campus.

Office
Casio leases 35,000 sq. ft. in Jersey City, Rockaway office deals in new real estate strategy

Casio America Inc. will lease nearly 35,000 square feet of office space across two new locations, including a headquarters in Jersey City and an operations center in Rockaway Township, as part of a plan announced this week to reconfigure its footprint in the region.

Industrial
Ridgecut Road plans upgrades to newly acquired Linden industrial outdoor storage property

Ridgecut Road has purchased a 1.7-acre industrial outdoor storage parcel in Linden, with plans to attract a new tenant after upgrading a 17,000-square-foot building on the property.

Office
Wealth management firm leases 3,600 sq. ft. in Cherry Hill office deal, WCRE says

A financial services firm has taken 3,600 square feet at a Cherry Hill office building, in a newly announced deal by Wolf Commercial Real Estate.

Industrial
STRO, KRE add 43,000 sq. ft. in Florida with new industrial sale-leaseback deal

The STRO Cos. and KRE Group have signed a new sale-leaseback deal for two buildings in Florida, adding more than 43,000 square feet to their fast-growing portfolio in the state.