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
Developers announce LA Fitness, Lidl among new retailers at Bayonne project

A joint venture has added a national fitness operator and a grocery chain to its tenant mix at a development in Bayonne, the largest of five newly announced retail leases at the site.

Retail
Ripco named leasing agent for final phase of Pier Village retail space

Kushner Cos. has tapped Ripco Real Estate to oversee leasing and marketing for 40,000 square feet of retail space at Pier Village in Long Branch, as the well-known oceanfront development enters its third and final phase.

Government & Public Policy
EDA, NJIT announce new center for brownfields cleanup

The state Economic Development Authority is teaming with the New Jersey Institute of Technology to establish a new initiative aimed at helping local governments clean up and reposition brownfield sites within their borders.

Finance & Capital Markets
Procida hails strong 2019, with $134 million in loan activity

Procida Funding & Advisors is touting the completion of nearly $135 million in originations in 2019, including a recent loan to help redevelop a historic pier destroyed by Hurricane Sandy.

Industrial
Team Resources: Flooring maker takes 73,000 sq. ft. in Somerset

A flooring manufacturer has leased more than 70,000 square feet at a Somerset County industrial building, in the largest of several newly announced transactions by Team Resources Inc.

Industrial
Denholtz adds 12th building in Bridgewater flex, industrial park

Denholtz Properties has acquired a 26,000-square-foot industrial building in Bridgewater, adding to its footprint in a large commercial complex along Route 22.

Industrial
Greek, fitness operator ink 2,400 sq. ft. warehouse lease in East Brunswick

A fitness operator is among the latest tenants at an East Brunswick industrial park, where it’s taking more than 2,400 square feet under a lease with Greek Development.

Office
New Jersey office leasing slows at year-end, amid a decade of recovery

Smaller-sized leases continued to dominate New Jersey’s office market as 2019 came to a close, putting a drag on overall deal volume as larger transactions remained elusive.

Office
Investor taps CBRE as leasing agent at 331,000 sq. ft. Parsippany office building

The new owner of a 331,000-square-foot office building in Parsippany has named CBRE as its leasing agent, with plans to renovate the property after acquiring it late last year.

Retail
Italian restaurant takes 2,400 sq. ft. at Hamilton retail center, LMC says

A wood-fired pizza and Italian restaurant is coming to a Hamilton shopping center, under a newly announced transaction by Levin Management Corp.