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
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.

Residential & Mixed Use
New Brunswick apartment tower hits leasing milestone

A new apartment tower in downtown New Brunswick is now 50 percent leased, as interest continues despite the challenges of the coronavirus crisis.

Office
Zimmel: Branchburg office building sold, eyed for community center

A community organization has acquired an 11,000-square-foot office building in Somerset County, under a newly announced transaction by Zimmel Associates.

Professional Services
American Asphalt expands footprint with Union County acquisition

An asphalt manufacturer and paving contractor has expanded its reach in northern and central New Jersey with the addition of a new location in Union County.

Office
Seeve, Simson detail 102,000 sq. ft. lease to reposition Woodland Park office building

A charter school is breathing new life into a Woodland Park office building, where it has leased nearly 102,000 square feet to become just the second tenant in the property’s 25-year history.

Residential & Mixed Use
Woodbridge, Rahway apartment owner sells 87 units for $25.5 million

A developer has sold a six-building, 87-unit apartment portfolio in Woodbridge and Rahway, in a set of newly announced transactions by Gebroe-Hammer Associates.

Office
C&W: Semiconductor maker takes 11,200 sq. ft. in Plainsboro

A maker of semiconductors has leased 11,200 square feet at a Princeton-area office building, under a transaction arranged by brokers with Cushman & Wakefield.