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
Industrial leasing slowed by lack of supply, fueling need for new deliveries

A lack of supply has kept a lid on leasing activity in New Jersey’s industrial market, as developers race to build new projects that would help meet the robust demand from tenants.

Industrial
BRC inks 300,000 sq. ft. industrial sale in Rahway

A nearly 300,000-square-foot industrial building in Rahway has changed hands for $19.5 million, in a newly announced transaction by Bussel Realty Corp.

Office
Morris Plains office building sells for $3.7 million, Newmark says

An investor has acquired a 28,000-square-foot office building in Morris Plains for nearly $3.7 million, under a transaction arranged by Newmark Associates.

Retail
Atlantic County shopping center on the market for sale

A roughly 400,000-square-foot shopping center about 12 miles outside Atlantic City is on the market for sale, according to brokers with JLL who are marketing the property.

Industrial
NAI Hanson, Van Houten marketing industrial flex building in Paterson

The owner of a 108,000-square-foot industrial and flex complex in Paterson is seeking a buyer, offering the potential for an adaptive reuse with the help of state and federal incentives.

Professional Services
McLaren names new senior VP for technical divisions

McLaren Engineering Group has named a new executive to lead the firm’s seven technical divisions.

Industrial
Three new buildings coming to sprawling Lakewood industrial park

Construction is underway on three new warehouse and distribution buildings in Lakewood, the latest additions to a sprawling, master-planned industrial park that goes back decades.

Retail
Goldstein Group touts convenience store lease on Route 35 in Eatontown

A well-known convenience store chain has taken over the former site of a furniture store in Eatontown, under a newly announced transaction by The Goldstein Group.

Residential & Mixed Use
Mack-Cali details Jersey City acquisition, sale in Boston as part of $820 million 1031 exchange

Mack-Cali Realty Corp. is selling two Boston-area properties for a combined $411.5 million as part of a 1031 exchange involving a recently acquired luxury apartment complex in Jersey City.

Office
Developers continue focus on amenities, aesthetics to help tenants compete for talent

As hiring and human resources decisions drive corporate real estate selection more than ever, New Jersey developers are responding by designing spaces and amenities that meet those needs, while expanding their focus on the labor markets around their project sites.