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.

Industrial
JLL expands Northeast industrial team with two Pennsylvania brokers

JLL has added two veteran Pennsylvania brokers to its regional industrial team.

Retail
Vantage RES: Dealership finds new home in Camden County

An auto dealership has acquired a 23,000-square-foot building and a 1.6-acre lot in Pennsauken, in a transaction arranged by Vantage Real Estate Services.

Top News
Mack-Cali pulls three nominees for board election, heeding shareholder input

Mack-Cali Realty Corp. has withdrawn three of its incumbent nominees for the company’s upcoming board election, citing shareholder feedback ahead of its June 10 annual meeting.

Office
Education user takes 17,500 sq. ft. in Wayne, Newmark says

An educational services organization has leased 17,500 square feet at a Wayne office building, according to brokers with Newmark Associates who arranged the transaction.

Retail
Net-leased bank property in Aberdeen fetches $2.2 million, Marcus says

A private investor has purchased a nearly 3,500-square-foot bank property in Monmouth County, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
FEM offers virtual tours at soon-to-be-complete condos in Long Branch

The developer of 42 luxury condominiums in Long Branch is offering virtual sales appointments, as it nears completion and prepares to welcome residents to the beachfront property.

Retail
WCRE: Burlington retail center changes hands, slated for renovations

A developer has acquired a 15,600-square-foot retail property in Burlington, where plans call for a series of renovations and the build-out of a new Dollar General store.

Office
Brokers, architects focus on workplace safety as office workers return post-COVID

Brokers, architects and other commercial real estate professionals are now advising office landlords and tenants on the process of returning to the workplace, outlining strategies such as de-densification, ramped up cleaning and sanitizing and communication to help keep workers informed and ensure social distancing.

Finance & Capital Markets
JLL inks $10.1 million loan for West Deptford industrial deal

An investment fund has secured $10.1 million in financing for a newly acquired, 183,000-square-foot industrial building in West Deptford.

Residential & Mixed Use
JMF set to unveil second phase of Plainfield rental project

JMF Properties has launched leasing at the second phase of a luxury apartment complex in Plainfield, bringing another 98 units to one of the city’s historic neighborhoods.