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
Three new tenants taking 58,000 sq. ft. at Burlington shopping center

National Realty & Development Corp. has signed leases with three new tenants for 58,690 square feet at Liberty Square Center, a 380,380-square-foot shopping center in Burlington.

Professional Services
Diversity, inclusion programs have become critical to real estate services firms

Commercial real estate services firms have increasingly sought to provide networking, mentorship and team-building resources available to their professionals within their ranks, aiming to stay competitive as employers and better promote diversity and inclusion.

Professional Services
Greenbaum Rowe names new vice chair of commercial real estate practice

Greenbaum, Rowe, Smith & Davis LLP has added to the leadership of its commercial real estate law practice, naming Matthew J. Schiller vice chair of the department.

Industrial
Equity investor adds 67,000 sq. ft. flex industrial building in Parsippany

A private equity firm has acquired a nearly 70,000-square-foot industrial flex building in Parsippany, under a newly announced transaction by NAI James E. Hanson.

Office
C&W named management, leasing agent at newly traded Princeton-area office buildings

The new owner of two adjacent Princeton-area office buildings has tapped Cushman & Wakefield to oversee management and leasing at the properties.

Office
Biopharma firm takes 185,000 sq. ft. at sprawling Bristol-Myers site in Hopewell

A biopharmaceutical firm has inked a lease for 185,000 square feet at the former Bristol-Myers Squibb Co. campus in Hopewell, helping to backfill part of the 1.14 million-square-foot complex.

Hospitality & Tourism
Weiss Properties plans Marriott hotel and mixed-use development in Florence

Weiss Properties will develop 240 apartments, a 104-room Marriott Town Place Suites hotel and restaurant space at the intersection of Route 130 and Cedar Lane in Florence Township, the New Brunswick-based firm announced.

Retail
Playa Bowls inks four new locations in northern, central New Jersey

A fast-growing acai bowl and healthy food chain has lined up four additional locations in New Jersey, under a series of transactions arranged by The Goldstein Group.

Retail
CBRE: Investor buys net-leased Lodi retail building for $53 million

An investor has acquired a 132,000-square-foot, triple-net-leased Home Depot property in Lodi for $53 million, under a newly completed transaction by CBRE.

Residential & Mixed Use
1031 investor sells rental properties in Highland Park, Eastern Pa.

An investment group has sold a 26-unit apartment building in Highland Park as part of a 1031 exchange involving properties in New Jersey and Pennsylvania, The Kislak Co. Inc. said.