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
Developers wanted for NJ Transit sites in Jersey City, Woodbridge

NJ Transit is seeking would-be developers for two sites, including property at the busy Metropark station in Woodbridge and a parcel near Liberty State Park in Jersey City.

Industrial
Developer closes on nine-acre industrial site in Burlington, WCRE says

A developer has acquired nine acres inside a Burlington industrial park, seeking to tap into the surging demand for warehouse and logistics space in the region.

Office
Vantage Commercial inks sale of 8,500 sq. ft. office condo in Moorestown

A commercial condominium in Moorestown has changed hands for an undisclosed price, in a newly announced transaction by Vantage Commercial.

Office
Tenant interest in ‘hub-and-spoke’ model brings added focus to state’s new-look office stock

A growing number of New York City-based firms have considered short-term office space in the suburbs, in an effort to reduce density, keep employees closer to home and reduce their reliance on mass transit. The movement has provided landlords and brokers with a chance to showcase New Jersey’s growing stock of revamped and rejuvenated office buildings.

Industrial
Bridge sells 2.2 million sq. ft. Phillipsburg industrial portfolio to PGIM for $275 million

Bridge Development Partners has announced the sale of a four-building, 2.2 million-square-foot industrial portfolio in Phillipsburg, the first piece of a massive project near Interstate 78.

Professional Services
Sordoni announces promotion of managing executive to senior vice president

Sordoni Construction Co. has announced a promotion for one of its longtime construction executives.

Industrial
Stro acquires 78,000 sq. ft. Fairfield warehouse, Sheldon Gross says

The Stro Cos. has acquired an industrial building in Fairfield for $8.75 million, in a newly announced transaction by Sheldon Gross Realty.

Industrial
Trucking firm leases 29,000 sq. ft. in Elizabeth, NAI Hanson says

A trucking company has taken nearly 29,000 square feet of warehouse and distribution space in the heart of Elizabeth’s port district, according to brokers with NAI James E. Hanson.

Residential & Mixed Use
JLL seeking buyer for 350-unit luxury rental property in Englewood

The owner of a 350-unit luxury apartment complex in Englewood is seeking a buyer for the property, in a newly announced offering by JLL’s New Jersey capital markets team.

Office
AY: Ophthalmology, retina group inks 37,000 sq. ft. headquarters lease in Berkeley Heights

An ophthalmology and retina group has leased nearly 36,000 square feet of office space in Berkeley Heights, under a transaction announced Wednesday by Avison Young.