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
TFE plans refresh of Route 35 shopping center after buying 70,000 sq. ft. property

TFE Properties has acquired a 70,000-square-foot retail center in Monmouth County, seeking to modernize the property to tap into other economic development efforts in the area.

Office
BRC: Nonprofit ministry buys 85,000 sq. ft. Somerset office building for $4.5 million

A religious organization has acquired a more than 85,000-square-foot office building in the Somerset section of Franklin, in a newly announced deal by Bussel Realty Corp.

Residential & Mixed Use
Investors trade 17-unit Jersey City apartment building in $2.9 million deal, Cushman says

An investor has acquired a 17-unit apartment building in Jersey City for $2.9 million, brokers with Cushman & Wakefield announced Monday.

Finance & Capital Markets
Cooper Horowitz: Self-storage builder lands $14 million construction loan

The developer of a new self-storage facility in Mount Laurel has secured more than $14 million in construction financing, in a deal arranged by Cooper Horowitz.

Technology
JLL: Banking, AI fueling continued growth of New Jersey data center market, despite hurdles

Despite rising energy costs and major capacity shortfalls, New Jersey continues to draw interest as a destination for new data center development.

Government & Public Policy
Murphy supersizes New Jersey community solar program, signs law to add 3,000 megawatts

New Jersey’s pioneering community solar program is poised for a massive expansion under a bill signed into law Friday by Gov. Phil Murphy.

Retail
Discounters, experiential users shine as LMC inks 570,000 sq. ft. in first-half leasing activity

Demand for retail space in the region is strong and steady, according to a prominent real estate services firm, thanks in large part to discount chains and experiential and fitness operators.

Retail
Report: Newark retail market booming with activity, opportunity amid $2 billion in unmet spending power

Newark’s retail market is thriving yet still largely untapped, according to a new report, revealing a chance for businesses to capture the full extent of residents’ $6 billion in spending power.

Industrial
Reports: Hampshire, Invesco sell Teterboro warehouse for $75 million in deal with Principal

Principal Real Estate Investors has acquired a more than 221,000-square-foot warehouse in Teterboro for nearly $75 million, according to published reports this week.

Retail
Kapi Klaw Entertainment leases 5,000 sq. ft. to join Edison shopping center, Chilmark says

The owner of a roughly 40,000-square-foot strip center in Edison has secured its latest tenant, in a newly announced deal by Chilmark Real Estate Services.