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.

Professional Services
Weichert senior VP earns firm’s top brokerage award for third time

An agent with Weichert Commercial Brokerage has been recognized as the firm’s top performer for the third time in four years.

Top News
State unveils Newark affordable housing project with Pennrose, RWJBarnabas

A developer is partnering with one of the state’s largest hospital systems to create dozens of affordable housing units near Newark Beth Israel Medical Center.

Industrial
Investor sells 43,000 sq. ft. flex building in Branchburg, C&W says

A nearly 43,000-square-foot flex industrial building in Branchburg has changed hands for $6.4 million, under a newly announced transaction by Cushman & Wakefield.

Industrial
NAI Hanson: Bicycle maker finds new HQ, takes 24,000 sq. ft. in Fairfield

An international bicycle company has found a new home in Fairfield, where it is leasing nearly 24,000 square feet of industrial space after the recent sale of its prior headquarters.

Office
Biopharma firm leases 9,400 sq. ft., moves to Florham Park office complex

A biopharmaceutical company is leasing more than 9,000 square feet as part of a move to a Florham Park office campus, in a newly announced transaction by The Garibaldi Group.

Industrial
3PL operator inks 135,000 sq. ft. renewal in Piscataway, LMC says

A third-party logistics provider has renewed its 135,000-square-foot lease at a Piscataway industrial complex, an executive with Levin Management Corp. said Monday.

Professional Services
Avison Young marks completion of Glen Ridge medical office building

Avison Young is touting the completion of a new medical office building in Essex County, following a recent unveiling by a development team and health care leaders.

Government & Public Policy
Developers eyeing large-scale studio projects in New Jersey, spurred by popular film tax credit

Developers and property owners in New Jersey are betting that a tax credit for film production will get the cameras rolling in the Garden State, with demand already surging and expected to grow after a recent expansion of the program by Gov. Phil Murphy and lawmakers.

Industrial
C&W: Logistics firm takes 570,000 sq. ft. at Mount Olive industrial complex

An e-commerce logistics firm has leased more than 570,000 square feet at a Mount Olive industrial building, where brokers continue to market nearly 850,000 square feet.

Residential & Mixed Use
JMF hails leasing milestone at Plainfield rental community

JMF Properties has surpassed the 50 percent leased milestone at a 114-unit luxury apartment complex in Plainfield, the first of two phases in what it describes as an emerging transit village.