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

Kwartler named principal at Avison Young

Avison Young has named a new principal in New Jersey, recognizing one of its day-to-day leaders who has also played a key role in the company’s growth in the state.

Industrial

BRC inks 49,000 sq. ft. sublease in Piscataway

A food company has found a subtenant for nearly 50,000 square feet of industrial space in Piscataway, under a newly announced transaction by Bussel Realty Corp.

Industrial

Sponge maker moving from Pennsylvania, acquires 116,000 sq. ft. building in Pennsauken

A sponge maker of ‘Shark Tank’ fame is moving its business from Pennsylvania after buying a newly upgraded industrial building in South Jersey, in a deal arranged by NAI Mertz.

Health Care & Education

Developers add retina specialists to sprawling mixed-use project in Gloucester County

A joint venture has secured a new retail tenant at a large mixed-use development in Gloucester County, inking a 5,400-square-foot lease with a regional retina specialist.

People

Denholtz adds paralegal amid ongoing plan to streamline leasing team

Denholtz Properties has added a paralegal to its team in an effort to further enhance and streamline its in-house leasing operations, the Red Bank-based firm announced Tuesday.

Features

Daughters of longtime North Jersey developer set to unveil family’s latest project

A well-known family development firm is nearing completion of a 214-unit apartment complex in North Bergen, in what will be its first project with a second generation at the helm.

Residential & Mixed Use

Developers launch leasing at 145-unit rental building in Jersey City

A joint venture has opened the doors to a new 145-unit apartment building on the west side of Jersey City, touting a design focused on local artists and cultural offerings.

CBRE: Tristate data center demand still strong, with inventory still limited

Data center vacancy in the tristate area reached an all-time low in 2020, according to CBRE, thanks in part to demand fueled by cloud providers, health care and financial institutions.

Retail

Discount chains add four new locations in New Jersey, R.J. Brunelli says

Dollar Tree has signed four new leases in northern and central New Jersey, including two at spaces that had been home to a now-shuttered home furnishings chain.

Retail

Tile chain opens 12,500 sq. ft. Wayne location, Goldstein Group says

A national tile retailer has opened a new 12,500-square-foot store in Wayne, following a recent lease arranged by The Goldstein Group.