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
Team Resources: Flooring maker takes 73,000 sq. ft. in Somerset

A flooring manufacturer has leased more than 70,000 square feet at a Somerset County industrial building, in the largest of several newly announced transactions by Team Resources Inc.

Industrial
Denholtz adds 12th building in Bridgewater flex, industrial park

Denholtz Properties has acquired a 26,000-square-foot industrial building in Bridgewater, adding to its footprint in a large commercial complex along Route 22.

Industrial
Greek, fitness operator ink 2,400 sq. ft. warehouse lease in East Brunswick

A fitness operator is among the latest tenants at an East Brunswick industrial park, where it’s taking more than 2,400 square feet under a lease with Greek Development.

Office
New Jersey office leasing slows at year-end, amid a decade of recovery

Smaller-sized leases continued to dominate New Jersey’s office market as 2019 came to a close, putting a drag on overall deal volume as larger transactions remained elusive.

Office
Investor taps CBRE as leasing agent at 331,000 sq. ft. Parsippany office building

The new owner of a 331,000-square-foot office building in Parsippany has named CBRE as its leasing agent, with plans to renovate the property after acquiring it late last year.

Retail
Italian restaurant takes 2,400 sq. ft. at Hamilton retail center, LMC says

A wood-fired pizza and Italian restaurant is coming to a Hamilton shopping center, under a newly announced transaction by Levin Management Corp.

Professional Services
Blau & Berg broker promoted to senior director

The Blau & Berg Co. has announced the promotion of a broker specializing in supply chain and logistics-related properties.

Retail
Progress Realty acquires 219,000 sq. ft. North Carolina retail center

An affiliate of Tinton Falls-based Progress Capital has added to its out-of-state portfolio, acquiring a 219,000-square-foot shopping center in North Carolina.

Finance & Capital Markets
PRC Group taps 3P Equity co-founders to lead new capital markets arm

The PRC Group has joined forces with the founders of a real estate investment firm, launching a new subsidiary focused on capital markets and expanding its development pipeline.

Residential & Mixed Use
Developer rebrands, highlighting iconic Kokes family name

A third-generation developer has rebranded his firm, highlighting his family’s well-known name in the industry as it seeks a more active role in ground-up construction projects.