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.

Professional Services
Affordable housing consulting firm names new principal

A Hoboken-based development and consulting firm has a new co-owner after a recent promotion within its executive team.

Sponsored Content
Planting the Seed for A Greener New Jersey: The Intersection of Legal Cannabis and Real Estate in the Garden State (Part 2)

The current version of the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act, which was passed by the state Legislature on December 17, 2020, provides a framework for legalizing recreational cannabis in the state, including six different classes of licenses to be considered by those looking to enter the cannabis business marketplace. As we discussed in Part I in our series on cannabis, early identification of an ideal region and/or municipality for the proposed licensed premises is critical to success. However, there are a host of other factors and potential snags that an applicant must take into consideration before selecting a location.

Office
Virtual tours, open houses providing exposure for commercial properties during pandemic

As pandemic continues, landlords and brokers have turned to virtual open houses and other tools to showcase their newly upgraded office buildings in New Jersey.

Industrial
Petrucci sells 96,000 sq. ft. industrial building in Logan Township

J.G. Petrucci Co. Inc. has sold a nearly 96,000-square-foot industrial building in Gloucester County to a global developer of ergonomic products.

Industrial
JLL: Marketing firm takes 15,000 sq. ft. at build-to-suit property in Tinton Falls

A marketing and public relations company has leased nearly 15,000 square feet at a new flex warehouse building in Monmouth County, brokers with JLL announced Friday.

Industrial
WCRE inks food distributor’s purchase of flex industrial building in Cinnaminson

A food distributor has purchased a 22,000-square-foot flex industrial building in Cinnaminson, under a newly announced transaction by Wolf Commercial Real Estate.

Retail
Mediterranean eatery to backfill Wildwood restaurant space, Vantage Commercial says

A new operator is coming to a restaurant space in Wildwood, following a transaction completed by Vantage Commercial.

Office
Pharma company signs new 100,000 sq. ft. lease to return to Hunterdon campus

A global pharmaceutical company has leased 100,000 square feet at a Hunterdon County office building, marking a new commitment to a space that it previously occupied.

Industrial
Stro inks three new leases for 46,000 sq. ft. in Wyckoff, Hackensack

The Stro Cos. has added three new tenants to its Bergen County portfolio, including one that is expanding in the region and two that are relocating from New York City.

Residential & Mixed Use
Kislak: Boutique rental building in Hackensack sells for $3.3 million

The developer of a new eight-unit luxury apartment building in Hackensack has sold the property for $3.3 million, in a newly announced deal by The Kislak Co. Inc.