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.

Top News
Netflix joins Murphys, other officials to break ground on massive Fort Monmouth studio campus

Demolition is underway for Netflix’s long-awaited, $1 billion project to create a 1.1 million-square-foot studio campus at the historic Fort Monmouth property.

Residential & Mixed Use
JLL seeking buyer for 62-unit rental building at historic Jersey City property

A piece of a landmark residential complex in Jersey City is on the market for sale, benefiting from a series of updates that have refreshed the property for a new crop of renters.

Professional Services
Seasoned brokers Capetta, Corpuel join Lee & Associates – WBE

Lee & Associates has expanded its industrial brokerage team in New Jersey with the additions of Gary Capetta as managing partner and Matthew Corpuel as partner.

Retail
Boot Barn leases 14,000 sq. ft. in Bridgewater for first Somerset County location, LMC says

Boot Barn has found its first location in Somerset County after taking space at a Bridgewater retail property, according to a leasing team with Levin Management Corp.

Industrial
NAI Mertz: Faropoint adds 60,000 sq. ft. flex industrial building for second Bucks County deal

Faropoint has acquired a 60,000-square-foot flex industrial building in Pennsylvania’s Bucks County, in a newly announced deal by NAI Mertz.

Health Care
Why New Brunswick’s new cancer hospital is personal for Morris family — and so many others

Fittingly so, it was a major construction project that helped pique Jack Morris’ interest when Harvey Holzberg, CEO of Robert Wood Johnson University Hospital, asked him to join the board of the New Brunswick institution. That was a quarter-century ago, as the planned Bristol-Myers Squibb Children’s Hospital was taking shape just west of RWJ’s main campus.

Retail
Infrared sauna workouts coming to Bridgewater strip center with 1,600 sq. ft. lease, BRC says

A specialty fitness business has leased more than 1,600 square feet of highway retail space in Bridgewater, brokers with Bussel Realty Corp. announced Monday.

Industrial
NAIDB: Floor coating distributor buys Union Twp industrial building for $6 million

A floor coating distributor has acquired a 24,000-square-foot industrial building in Union Township for $6 million, in a newly announced deal by NAI DiLeo-Bram & Co.

Health Care
Veteran transaction, property manager Swanson joins Clinical: Medical Real Estate Solutions

Clinical: Medical Real Estate Solutions, the newly launched real estate advisory firm, has added to its team with the hiring of Michael Swanson as director of portfolio transaction management.

Events
‘Spirit of philanthropy’ in full focus as United Way honors Kossar alongside Crow Holdings at Carteret, NEST projects

Nearly 400 commercial real estate leaders came together last week in support of United Way of Northern New Jersey, raising $347,000 as part of a program that honored top industrial broker Rob Kossar along with two high-profile development projects.