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.

Government & Public Policy
EDA approves $104 million Aspire award for Nokia Bell Labs tower in New Brunswick

The developers of what will be nearly 370,000 square feet of lab and office space in New Brunswick, the future home of Nokia Bell Labs, could break ground next month after securing a 10-year, $103.9 million tax credit award under the state’s Aspire program.

Industrial
Logistics users take space in Bridgewater, Lakewood in RRNNJ deals totaling 122,000 sq. ft.

A logistics and fulfillment firm has leased 102,000 square feet of industrial space in Bridgewater, in one of two newly announced deals by Resource Realty of Northern New Jersey.

Industrial
PREMIER Design + Build Group taps Hart as executive V.P. to lead East Coast growth

PREMIER Design + Build Group has hired longtime constructive industry executive Jason Hart to help lead and accelerate its growth on the East Coast.

Industrial
Greenbaum Rowe joins Circulate NJ as latest member of logistics industry coalition

The business coalition known as Circulate NJ has welcomed another member, announcing the addition of powerhouse law firm Greenbaum, Rowe, Smith & Davis LLP.

Industrial
CBRE: EQT buys Salem County parcels approved for 707,000 sq. ft. logistics park

A developer has sold nearly 50 acres in Salem County with approvals in place for more than 707,000 square feet of new ground-up industrial space, brokers with CBRE announced.

Hospitality & Tourism
Renovated 84-key hotel in Flemington changes hands in Berkadia-brokered deal

JDK Management Co. has sold a recently renovated, 84-key hotel in Flemington, in a newly announced deal by Berkadia.

Health Care
AST, Robert Wood Johnson mark debut of 229,000 sq. ft. medical pavilion in New Brunswick

AST has completed its latest project in downtown New Brunswick, delivering a new 229,000-square-foot ambulatory care facility for Robert Wood Johnson University Hospital.h

Retail
Kushner details newest retail leases at $500 million Monmouth Square project in Eatontown

Kushner has signed a flurry of retail leases to bring new food and beverage and fitness operators to Monmouth Square, its landmark redevelopment of the Monmouth Mall site in Eatontown.

Industrial
Iron Hill: Construction set to begin for 122,000 sq. ft. Link Logistics warehouse in Parsippany

Iron Hill Construction Management has broken ground on a nearly 122,000-square-foot warehouse in Parsippany, where Link Logistics is repurposing a former vacant office property.

Industrial
Avison Young: Libiao Robotics takes 8,000 sq. ft. in Hillsborough for new U.S. showroom

A robotics company has leased 8,000 square feet of industrial space in Hillsborough for its first U.S. showroom, in a newly announced deal by Avison Young.