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
Big-box furniture, flooring stores join IKEA center in Elizabeth, CBRE says

Two new big-box retailers have joined the well-known IKEA-anchored retail complex along the New Jersey Turnpike, occupying a combined 248,000 square feet at the Elizabeth property.

Residential & Mixed Use
Joint venture launches second phase of Bayonne project with new retail, 651 rentals

Developers have broken ground on the next phase of a mixed-use project in Bayonne, where they are planning more than 650 apartments and some 90,000 square feet of additional retail space.

Industrial
CBRE: Developer unveils 100,000 sq. ft. warehouse in Jersey City, its first New Jersey project

A developer has completed its first New Jersey industrial project, offering nearly 100,000 square feet of new warehouse space in Jersey City just minutes outside New York City.

Retail
NRDC, fitness chain ink 37,000 sq. ft. lease at Middletown retail development

A national fitness chain has leased 37,000 square feet at a planned high-end shopping center in Middletown, joining a roster that includes Wegmans and a dine-in movie theater.

Office
C&W named leasing agent at 370,000 sq. ft. office building in Paramus

Onyx Equities LLC and Garrison Investment Group have tapped Cushman & Wakefield as their leasing agent at a 370,000-square-foot office building in Paramus, where the joint venture is planning improvements valued at $10 million.

Top News
Prologis to acquire Liberty Property Trust, including New Jersey assets, for $12.6 billion

Prologis Inc. has agreed to acquire Liberty Property Trust for $12.6 billion, in a move that deepens the industrial giant’s presence in several key markets including New Jersey.

Top News
American Dream’s debut: Murphy tours first phase of massive entertainment, retail project

Gov. Phil Murphy and Tammy Murphy were among those on hand Friday, Oct. 25, to tour the first phase of the American Dream project. — Courtesy: Edwin J. Torres/Governor’s Office By Joshua Burd Gov. Phil Murphy and other top state…

Events
Hundreds gather for annual ‘Octulfrafest’ celebration

A crowd of revelers descended on Tulfra Real Estate’s headquarters earlier this month for the firm’s annual Oktoberfest-themed party and industry appreciation event.

Office
Realtor takes 5,000 sq. ft. at mixed-use Marlton project, WCRE says

A real estate brokerage is taking nearly 5,000 square feet of office space at a newly built, mixed-use property in the Marlton section of Evesham.

Retail
March Associates breaks ground on 50,000 sq. ft. retail center in Wayne

March Associates Construction has broken ground on a new 50,000-square-foot retail center in Wayne, helping to redevelop a site along one of the town’s main thoroughfares.