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
Thrift store chain opens new 40,000 sq. ft. store in Union, LMC says

A thrift chain has opened the doors to a new store in Union, where it occupies 40,000 square feet along one of the town’s top retail corridors.

Retail
Lee & Associates inks 1,500 sq. ft. restaurant lease in Midland Park

An Asian fusion restaurant is taking more than 1,500 square feet at a Midland Park strip center, under a newly announced transaction by Lee & Associates.

Top News
Plainfield project with apartments, bakery wins zoning board approval

A rendering of a mixed-use project at 123-129 East 5th St. in Plainfield — Courtesy: Taylor Architecture & Design By Joshua Burd A proposal to bring 18 new apartments and commercial space to a cultural district in Plainfield has secured…

Industrial
Advance names new managing director of industrial development

A former Prologis executive has joined Advance Realty Investors to spearhead the firm’s pipeline of industrial projects.

Office
Investment firm acquires 218,000 sq. ft. Cherry Hill office complex

An investment firm has acquired a nearly 220,000-square-foot office complex in Cherry Hill, its largest acquisition to date since the launch of the firm in 2016.

Professional Services
GZA names new principal in New Jersey among recent promotions

GZA GeoEnvironmental Inc. has named a new principal in New Jersey, in one of three newly announced promotions for the professional services firm.

Office
CBRE touts 40,000 sq. ft. in new leasing at Morris County office complex

Four tenants have combined to lease nearly 40,000 square feet at an office complex near downtown Morristown, bringing the property to nearly full occupancy.

Office
Denholtz inks 10,000 sq. ft. renewal at Edison office park

Denholtz Properties has completed a renewal for more than 10,000 square feet with a tenant at its 12-building, 125,000-square-foot office complex in Edison.

Residential & Mixed Use
JLL: Investor acquires Morris County rental complex for $40 million

A multifamily owner has reaped nearly $40 million from the sale of a 123-unit, garden-style apartment complex in Morris County, following a sale arranged by JLL.

Industrial
Treetop adds 120,000 sq. ft. industrial building in Freehold

A developer and investor has acquired a nearly 120,000-square-foot warehouse in Freehold, its second industrial deal in two months, in a newly announced transaction by CBRE.