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
West Deptford industrial building trades for $20 million, JLL says

An investment fund has acquired a fully leased, 183,000-square-foot industrial property in West Deptford for $20.2 million, in a transaction arranged by JLL.

Top News
Mack-Cali donates $100,000, hotel rooms to Jersey City hospital staff treating COVID-19

With Jersey City Medical Center on the front lines of the COVID-19 crisis, Mack-Cali Realty Corp. has donated a block of area hotel rooms to support health care workers at the hospital.

Office
NAI Hanson inks four renewals at Secaucus office complex

Four tenants have renewed their leases at a Secaucus office complex, under a series of newly completed transactions by NAI James E. Hanson.

Retail
Newark: LMC named leasing, managing agent at grocery-anchored center

The owner of a four-year-old, grocery-anchored shopping center in Newark has tapped Levin Management Corp. as its leasing and management agent.

Government & Public Policy
Murphy halts all ‘non-essential’ construction in N.J., limiting residential and commercial activity

Gov. Phil Murphy on Wednesday tightened restrictions on the types of construction allowed under the state’s social distancing policies, as New Jersey continues its battle against the spread of COVID-19.

Industrial
Trucking firm takes 58,000 sq. ft. in Edison

A local trucking company has leased nearly 60,000 square feet at a commercial building in Edison, brokers with Sheldon Gross Realty announced Wednesday.

Industrial
Storage products firm acquires 30,000 sq. ft. Pennsauken warehouse

A storage products business has acquired a nearly 30,000-square-foot warehouse in Pennsauken, under a newly completed transaction by Colliers International.

Residential & Mixed Use
Virtual tours paying dividends for new luxury rentals in Union

The launch of virtual tours and presentations is bearing fruit for a newly developed, 80-unit apartment building in downtown Union.

Features
Crockett talks diversity, messaging after becoming Mack-Cali’s first female chief administrative officer

Deidre Crockett has become an influential force at Mack-Cali Realty Corp., now serving as the REIT’s first-ever female chief administrative officer and executive vice president.

Office
NAI Hanson: Longtime tenant at Park Ridge office building signs 12,000 sq. ft. renewal

An insurance company has signed a renewal at a Park Ridge office building, where it occupies more than 12,000 square feet.