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
Trader Joe’s inks 14,500 sq. ft. lease at Denville shopping center

A new Trader Joe’s is coming to a well-known shopping center in Denville, under a nearly 15,000-square-foot lease with Retail Properties of America Inc.

People
Diversified names new vice president, corporate counsel

Diversified Properties LLC has bolstered its executive team with the addition of a new vice president and corporate counsel.

Industrial
Team Resources inks new lease, renewal at Teterboro warehouse

Two tenants have leased a combined 23,000 square feet at a Teterboro industrial building, under a set of newly announced leases by Team Resources Inc.

Office
NKF: Blockbuster leases helped carry New Jersey office market in Q3

A flurry of blockbuster leases propelled New Jersey’s office market in the third quarter, fueling positive momentum despite a handful of high-profile space dispositions.

Industrial
Joint venture details new self-storage project in Hillsborough

The Hampshire Cos. and Harrison Street have broken ground on a new self-storage facility in Hillsborough, their first project in New Jersey under a recently announced partnership.

Residential & Mixed Use
Michaels, Camden housing authority break ground on 75-unit project

A partnership has kicked off the next phase of a plan to redevelop a former public housing complex in Camden, breaking ground on 75 apartments in the city’s Centerville neighborhood.

Office
L+M unveils office space at landmark Newark tower, now a mixed-use destination

A development and brokerage team has taken the wraps off more than 50,000 square feet of available office space inside one of downtown Newark’s most iconic buildings.

Residential & Mixed Use
Jersey City: Mack-Cali completes $409 million acquisition of two-tower rental complex

Mack-Cali Realty Corp. has closed on the latest addition to its Jersey City residential portfolio, acquiring a two-tower, 648-unit apartment complex for $409 million.

Office
Engineering, consulting firm takes 12,000 sq. ft. in Warren for planned HQ relocation

A professional services firm is relocating its corporate headquarters, brokers with JLL announced, inking a nearly 12,000-square-foot lease at a Warren office building.

Industrial
Hackensack industrial building fetches $4.6 million, Marcus says

A private investor has acquired a nearly 40,000-square-foot industrial property in Hackensack, brokers with Marcus & Millichap announced Tuesday.