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.

Retail
Sherwin Williams inks 4,700 sq. ft. retail lease in Gloucester Co.

Sherwin Williams has expanded into a Gloucester County shopping center, where it is leasing nearly 5,000 square feet as part of a deal by Vantage Real Estate Services.

Industrial
E-commerce train rolls on as industrial owners, brokers prepare for a roaring 2020

The economic engine powering the New Jersey industrial real estate market will continue to be the rapidly transforming retail sector, driven primarily by relentlessly rising demand from consumers for rapid home delivery of purchases, whether from online retailers or traditional but restructured brick-and-mortar retailers.

Retail
JLL: Mount Laurel retail center with gym, grocery store trades for $18 million

An investment firm has acquired a nearly 130,000-square-foot shopping center in Mount Laurel, under a newly announced transaction by brokers with JLL.

Industrial
Stro acquires 70,000 sq. ft. industrial building in Florham Park

The Stro Cos. has closed on its first building of 2020, acquiring a 70,000-square-foot industrial property in Florham Park.

Residential & Mixed Use
East Orange luxury rental project nearly 100 percent leased, developer says

The developer of a distinctive new mixed-use building in East Orange has leased more than 95 percent of the property’s 180 luxury apartments.

Office
Roofer expands, takes 3,000 sq. ft. in Elmwood Park, NAI Hanson says

A fast-growing roofing contractor is expanding its Elmwood Park headquarters by some 3,000 square feet, in a transaction arranged by NAI James E. Hanson.

Retail
Hoboken: Café chain opens new shop at Bijou apartment building

A coffee shop has expanded its footprint in Hoboken, debuting a new location on the ground floor of a recently delivered, luxury apartment building by Bijou Properties.

Sponsored Content
Real Estate NJ’s 2020 Market Forecast

A new year is upon us, bringing new opportunities and new uncertainty for New Jersey’s commercial real estate market. To make sense of it all, we recruited some of the industry’s most influential professionals, developers and thought leaders to share their predictions for the year ahead. You can find those insights and more in our special 2020 Market Forecast.

Office
JLL: Law firm commits to mixed-use project at ex-Mercedes-Benz site in Montvale

The redeveloper of the former Mercedes-Benz campus in Montvale has lured its first office tenant to the site, inking a 20,000-square-foot lease with an area law firm.

Finance & Capital Markets
Joint venture inks $43 million refi for 288-unit rental complex in Plainsboro

A joint venture has landed a $43 million loan to refinance a 288-unit apartment complex in Plainsboro, following a series of upgrades aimed at creating value at the property.