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.

Residential & Mixed Use
BNE unveils 228-unit luxury rental project in Teaneck (SLIDESHOW)

BNE Real Estate Group has taken the wraps off a 228-unit luxury apartment building in Teaneck, offering a new suburban living option some five miles from Manhattan.

Industrial
Hampshire touts four New Jersey projects among recent self-storage deliveries

The Hampshire Cos. is touting the completion of eight new self-storage facilities spanning more than 800,000 square feet, including four projects in northern and central New Jersey.

Industrial
Travel accessories importer takes 70,000 sq. ft. in Freehold

An importing company is leasing more than 70,000 square feet of industrial space in Freehold, under a newly announced transaction by Sheldon Gross Realty.

Industrial
Tulfra sells self-storage complex in Clifton, Nutley for $24 million

Tulfra Real Estate has reaped more than $24 million from the sale of a newly developed, 925-unit self-storage facility in northern New Jersey.

Industrial
Resource Realty inks renewal, expansion for logistics firm in Randolph

A moving and logistics firm is expanding its footprint with a new lease and a renewal at adjacent buildings in Morris County, according to Resource Realty of Northern New Jersey.

Retail
LMC named managing agent of 73,000 sq. ft. retail center in Edgewater

Levin Management Corp. has landed a new assignment in Edgewater, marking the expansion of its management portfolio of grocery-anchored centers and of properties in Bergen County.

Health Care & Education
Investor acquires Stratford school site, eyes conversion to senior living, WCRE says

An investment firm has acquired a historic former school property in Camden County, under a newly completed transaction by Wolf Commercial Real Estate.

Retail
Bakery, pastry shop signs lease at Camden County shopping center

The owner of a Camden County shopping center is adding its first new tenant during the coronavirus crisis, having signed a lease with a specialty bakery and pastry shop.

Policy Page
Government officials not acting fiduciarily responsible

Since mid-March, our national GDP has plunged and New Jersey’s unemployment rate is startling, as budgeted state and local revenues are hemorrhaging. COVID-19 has made matters far worse and the budgetary pains and economic slowdown will be significant and sustained under any scenario. Our state and local elected officials must now make difficult decisions that do not jeopardize our future.

Industrial
Online grocer inks 50,400 sq. ft. lease in Edison, Lee & Associates New Jersey says

An online grocer is taking more than 50,000 square feet of newly built industrial space in Edison, under a transaction announced Thursday by Lee & Associates New Jersey.