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
Bohler relocating headquarters, takes 35,000 sq. ft. in Warren

Bohler Engineering has leased more than 35,000 square feet in Warren as part of a plan to relocate its headquarters within the township, brokers with JLL said Tuesday.

Office
CBRE named leasing agent at new-look Piscataway office complex (SLIDESHOW)

Keystone Property Group has taken the wraps off its newly renovated, 685,000-square-foot office complex in Piscataway, where CBRE now serves as the landlord’s leasing agent.

Residential & Mixed Use
Harrison rental project hits leasing milestone, developers say

A development team is hailing a leasing milestone at a new luxury apartment building in Harrison, where renters have snatched up more than two-thirds of the available 257 units.

Industrial
Colliers inks $3.7 million sale of Pennsauken warehouse

A hair care and tool manufacturer has acquired a 58,000-square-foot warehouse in Pennsauken, under a newly announced transaction by Colliers International.

Industrial
Irvington warehouse trades for $2.73 million

A nearly 26,000-square-foot warehouse in Irvington has changed hands for more than $2.7 million, under a transaction arranged by The William F. Connors Agency.

Industrial
Food user acquires 18,000 sq. ft. industrial building in Newark, BRC says

A specialty foods distributor has acquired an 18,000-square-foot industrial building in Newark for nearly $3 million, Bussel Realty Corp. said Tuesday.

Government & Public Policy
Reeling from new rent control laws, N.Y.C. investors set their sights on New Jersey

A landmark package of new rent control laws passed by the New York State government in mid-June appears to have kick-started a new kind of boom for the New Jersey real estate market. The laws, which dramatically strengthened tenant protections in New York City, took key steps such as repealing what was known as the vacancy bonus provision, which had allowed a property owner to raise rents as much as 20 percent each time a unit became vacant.

Retail
Newark: RBH inks retail leases at Rutgers student housing project

Five retail tenants have agreed to lease space at RBH Group’s new 320,000-square-foot student housing and academic building in downtown Newark.

Office
WCRE inks sale of 30,000 sq. ft. office building in Cherry Hill

An investor has acquired a fully leased, 30,000-square-foot office building in Cherry Hill.

Retail
Soloff: Massage, spa chain adds seven new locations in New Jersey

A massage franchise in recent months has added seven new locations in New Jersey, under a series of newly announced transactions by Soloff Realty & Development Inc.