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.

Industrial
Lighting manufacturer takes 17,000 sq. ft. in Meadowlands

A manufacturer of LED lighting has leased 17,000 square feet of industrial space in East Rutherford, under a newly announced transaction by Chilmark Real Estate Services.

Retail
Liquor store chain buys Bergen County location, Goldstein Group says

A wine and spirits chain is eyeing further expansion in New Jersey after acquiring a liquor store along Route 17 in Bergen County, brokers with The Goldstein Group said Monday.

Professional Services
Energy consultant acquires Allenhurst firm, expanding in Northeast

An energy advisory firm has expanded its presence in the region with its acquisition of a Monmouth County-based consulting business.

Event Coverage
Holistic thinking, public-private approach remain a focus at New Jersey Future’s redevelopment forum

New Jersey Future’s annual Redevelopment Forum drew a crowd hundreds to New Brunswick recently, in a show of support for big-picture planning, adaptive reuse and public-private collaboration when it comes to development in the Garden State.

Industrial
Furniture, home décor giants take 1.82 million sq. ft. to lead Q1 industrial leasing

Two tenants leased a combined 1.82 million square feet in Cranbury during the first quarter, accounting for the top transactions year to date in New Jersey’s booming industrial market.

Residential & Mixed Use
Developers, HMFA unveil 48-unit affordable project in Ocean Township

A development team has completed nearly 50 new apartments in Ocean Township as part of the state’s ongoing effort to bring new affordable housing to areas impacted by Hurricane Sandy.

Government & Public Policy
Three more co-working locations join EDA program for rent grants

Three female-led co-working spaces have joined the growing list of locations that are eligible for rent support grants under a program offered by the state Economic Development Authority.

Residential & Mixed Use
Developers eye summer groundbreaking for redevelopment of ex-Record site in Hackensack

A joint venture’s plan to redevelop the former home of The Record in Hackensack is moving forward, under a plan that calls for 650 apartments and retail space along the Hackensack River.

Office
Florham Park: Biotech firm set to begin move to new 147,000 sq. ft. headquarters

A biotechnology company is consolidating its headquarters, manufacturing and research and development functions as part of a new full-building, 147,215-square-foot lease in Florham Park.

Industrial
BRC: Pallet company inks 42,000 sq. ft. lease in South Brunswick

A pallet provider has leased a 42,000-square-foot industrial building in South Brunswick, under a newly announced transaction by Bussel Realty Corp.