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
Deluccia Commercial Group inks sale of 7,000 sq. ft. Somerville office building

A medical and professional office building near downtown Somerville has changed hands for more than $1.1 million, in a deal arranged by Deluccia Commercial Group.

Office
Nonprofit takes 2,100 sq. ft. at Cherry Hill commercial building, Vantage Commercial says

A local nonprofit has leased more than 2,100 square feet of commercial space along a major corridor in Cherry Hill, in a newly announced deal by Vantage Commercial.

Office
Unilever debuts 111,000 sq. ft. U.S. headquarters at SJP building in Hoboken (SLIDESHOW)

Unilever has opened the doors to its new 111,000-square-foot U.S. headquarters in Hoboken, becoming the latest blue-chip tenant at SJP Properties’ Waterfront Corporate Center.

Retail
SRS: Developer inks $6 million sale of new Wawa ground lease in Gloucester County

A developer has sold the ground lease for a newly built Wawa in Gloucester County for more than $6 million, brokers with SRS Real Estate Partners announced last week.

Industrial
Print services business takes 14,000 sq. ft. in move to Mahwah, NAI Hanson says

A printing company has leased more than 14,000 square feet of industrial space in Mahwah, in a newly announced deal by NAI James E. Hanson.

People
Levin adds Yurowitz as marketing specialist to support growing business, deal volume

Levin Management Corp. has hired Hayley Yurowitz as a marketing specialist, bolstering the team supporting its strong growth and transaction volume.

Industrial
TFE-owned self-storage property in Lakewood transitions to CubeSmart

TFE Properties has expanded its partnership with CubeSmart, tapping the self-storage operator to manage an 820-unit facility near Route 70 in Lakewood.

Featured
Perth Amboy warehouse, site of New Jersey’s first-ever community solar project, back in focus as Murphy, business leaders tout program’s role in reducing energy costs

As state officials look to tackle rising energy costs, a program that has brought rooftop solar panels to dozens of New Jersey warehouses has taken on added importance as a means of easing that burden without many of the risks and hurdles of major infrastructure projects.

Residential & Mixed Use
Silverman Group bringing 62 new rentals, medical office space to Short Hills site

The Silverman Group has broken ground on a project that will bring 62 new luxury apartments and medical office space to a site just west of the Short Hills train station in Millburn.

Office
Boutique medical office building in Jersey City trades for $7.4 million, C&W says

An investment group has acquired a more than 28,000-square-foot medical office building in Jersey City for $7.43 million, in a newly announced deal by Cushman & Wakefield.