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.

Office
WCRE: Surgery center coming to 50,000 sq. ft. medical office complex in Voorhees

A surgical center has leased 10,000 square feet at a medical office complex in Voorhees, under a newly announced transaction by Wolf Commercial Real Estate.

Photos
Developer, public officials unveil veterans memorial at Fort Monmouth

RPM Development Group and other stakeholders have unveiled a new memorial at Fort Monmouth, paying homage to the historic former U.S. Army post and several military veterans with close ties to the region.

Industrial
CenterPoint adds Newark development site, plans 186,000 sq. ft. industrial project

CenterPoint Properties has acquired a nearly 13-acre development site in Newark, where it’s now planning more than 180,000 square feet of logistics space minutes from Port-Newark Elizabeth.

Industrial
Rockefeller touts $60 million sale of new Piscataway industrial building

Rockefeller Group is detailing the sale of a nearly 400,000-square-foot building within its new Piscataway industrial park, touting the deal as a sign of diversification within the asset class.

Office
JLL: Auto finance firm taking 14,000 sq. ft. in Paramus

An automobile finance provider is relocating within Paramus after signing a 14,000-square-foot lease at a soon-to-be-upgraded office building, brokers with JLL announced.

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.