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
JLL: Wealth management, payroll firms take space at Cherry Hill office park

A newly upgraded, three-building office park in Cherry Hill is nearly full after two recent leases totaling nearly 45,000 square feet, brokers with JLL announced this week.

Retail
Vantage RES inks 34,000 sq. ft. retail sale in Burlington

Two owners have sold more than 34,000 square feet of retail space near Route 130 in Burlington, under a transaction arranged by Vantage Real Estate Services.

Government & Public Policy
EDA: Online marketplace for dog breeders, owners considers Jersey City call center

An online marketplace for dog breeders and owners is weighing plans for a new call center in Jersey City, having won approval for a 10-year, $4 million state tax credit incentive.

Industrial
Vehicle shipping firm to operate Tesla warehouse in Kenilworth, Blau & Berg says

A property in Kenilworth will serve as a warehouse and shipping point for Tesla vehicles after a newly completed, 14,100-square-foot lease announced by The Blau & Berg Co.

Industrial
North Jersey industrial properties included in six-state, $183 million portfolio sale

Six industrial properties in northern New Jersey have changed hands as part of a six-state, $183 million portfolio sale announced Tuesday by Mandelbaum Salsburg P.C.

Industrial
Denholtz, meal delivery business ink 19,000 sq. ft. lease in Piscataway

A meal delivery service is the newest tenant at a Piscataway industrial park after agreeing to lease more than 19,000 square feet from Denholtz Associates.

Office
Hackensack medical office building inks new leases with eye care, dental practices

A newly updated medical office building in Hackensack is nearly full after recent transactions with an eye care chain and a growing dental practice.

Government & Public Policy
EDA approves $40 million tax credit to bring nonprofit to Camden

The state has approved a 10-year, $39.6 million tax credit package aimed at luring a Pennsylvania-based nonprofit to Camden, where it would build a new waterfront office building and create nearly 170 jobs not currently in the state.

Residential & Mixed Use
Investment firm has keyed on transit-centric, workforce housing in northern New Jersey

A real estate investment and management firm has quietly built a portfolio of transit-centric, workforce housing properties in northern New Jersey — with local holdings that have grown to some 40 properties with more than 2,000 apartments — and it sees a continued opportunity for expansion in the state and in the region.

Office
C&W: Ricoh takes 56,000 sq. ft. at upgraded Parsippany office building

Electronics and printer products maker Ricoh USA is moving to a revamped office building in Parsippany, under a nearly 56,000-square-foot lease announced by Cushman & Wakefield.