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.

Editor’s Note

Good vibes

As you’ll read in this month’s cover story, local leaders in Red Bank are increasingly open to the idea of redevelopment and smart growth in their community. The 2.2-square-mile borough has long held the cachet of towns such as Montclair and Morristown, but new mixed-use projects have been few and far between.

Professional Services

Past meets present at NAI Hanson’s long-awaited new headquarters in Teterboro (SLIDESHOW)

NAI James E. Hanson opened its new 17,000-square-foot headquarters in Teterboro last fall, honoring its past while creating a modern workplace for its brokers, property managers and other employees.

Stro acquires 83,000 sq. ft. industrial complex in Hackensack

The Stro Cos. has expanded its industrial holdings with the addition of a two-building, 83,000-square-foot portfolio in Hackensack.

Residential & Mixed Use

March Associates completes assisted living complex in Monmouth County (SLIDESHOW)

A developer has opened the doors to a senior housing and assisted living complex in Monmouth County, under a newly delivered project by March Associates Construction Inc.

Professional Services

Energy management software firm launches procurement platform

A software developer that helps landlords manage their energy costs has unveiled a new tool aimed at streamlining procurement, seeking to find additional savings for building owners.

Hamilton retail center sells for $3 million

A private investor has sold a fully leased, 11,500-square-foot retail center in Hamilton for $3 million, brokers with Marcus & Millichap announced last week.

The RealReal opens 490,000 sq. ft. e-commerce center in Perth Amboy

An online luxury consignment shop has officially added to its footprint in New Jersey, marking the opening of its nearly 500,000-square-foot distribution center in Perth Amboy.

BRC: Moving, storage company takes 17,500 sq. ft. in Linden

A moving and storage business has leased 17,500 square feet at a Linden industrial building, under a newly announced transaction by Bussel Realty Corp.

Vantage RES inks lease for Marine Corps. recruiting center in Marlton

The U.S. military has leased 2,500 square feet at a Marlton shopping center, where it plans to open a new recruiting office for the Marine Corps.

NKF: Buyer of Meadowlands office site plans industrial redevelopment

The site of a Lyndhurst office complex is slated for redevelopment as a new 110,000-square-foot industrial building, following a recent transaction by Newmark Knight Frank.