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
Food packager takes 27,000 sq. ft. in Mount Laurel, NAI Mertz says

A food packaging company has leased nearly 27,000 square feet of industrial space in Mount Laurel, under a transaction arranged by brokers with NAI Mertz.

Retail
Gym, restaurant leases bring Hamilton shopping center to full occupancy

A decades-old Mercer County shopping center is at full occupancy after new leases with a fitness chain and a new restaurant, according to brokers with R.J. Brunelli & Co.

Residential & Mixed Use
Developer touts construction progress, retail leasing at Union rental project

Construction is well underway for a planned 75-unit apartment building in Union, the second phase of a project to transform one of the township’s busiest thoroughfares.

Government & Public Policy
NJAA lauds passage of $100 million rental assistance bill, urges Murphy to sign into law

A bill that would create a $100 million rental assistance program in New Jersey — one that has drawn support from the apartment industry — is now awaiting action by Gov. Phil Murphy.

Retail
JLL inks retail leases with axe-throwing venue, three others, totaling 19,000 sq. ft.

The country’s largest axe-throwing venue is leasing more than 14,000 square feet in Bergen County, in the largest of four newly announced transactions by JLL.

Industrial
Cable installer takes 5,000 sq. ft. in Atlantic County, Vantage RES says

A business that installs cable and internet equipment has leased some 5,000 square feet of industrial space in Atlantic County, brokers with Vantage Real Estate Services said.

Office
Colliers: Piscataway office complex sells for second time in four years, doubling sale price

A private equity group has sold a Piscataway office complex for nearly $24 million, more than doubling the price it paid to acquire the property in 2016.

Office
Investor sells Clark office building for $13 million, Marcus says

A private investor has reaped more than $13 million from the sale of a Clark office building, in a deal that comes less than two years after it acquired the five-story property.

Office
Investment group sells two-building office complex in Berkeley Heights

An investment firm has sold a nearly 303,000-square-foot office complex in Berkeley Heights, under a newly announced transaction by JLL.

Government & Public Policy
NJBA hails return of non-essential construction, pledges support for safety rules

The New Jersey Builders Association is praising Gov. Phil Murphy’s decision to allow non-essential construction to resume in New Jersey, while pledging support for the guidelines included as part of the executive order that lifted the restriction.