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.

Residential & Mixed Use
Mixed-use Journal Square building sells for $3.4 million, Grid says

A mixed-use, 20,000-square-foot building in the Journal Square section of Jersey City has changed hands, following a $3.4 million transaction by Grid Real Estate LLC.

Office
WCRE inks 6,400 sq. ft. renewal in Pennsauken

An accounting firm has renewed its lease at a Camden County office building, where it occupies more than 6,400 square feet.

Retail
REDCOM touts start of renovation, addition at Somerset County auto dealership

REDCOM Design & Construction LLC has kicked off a renovation and addition at a Mazda dealership in Somerset County, the Westfield-based firm announced.

Retail
JLL: Buyer wanted for newly developed Route 22 retail center

A newly built, 111,000-square-foot retail center in Union County is on the market for sale, with brokers touting the presence of two national anchors and a location along a busy highway.

Office
CBRE touts health care company’s 115,000 sq. ft. sublease in Bridgewater

CBRE is detailing a health care services company’s new 115,000-square-foot sublease in Bridgewater, as the tenant consolidates its footprint following a recent merger.

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.