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.

Government & Public Policy
RPM earns county planning award for housing project at Fort Monmouth

Monmouth County officials have recognized RPM Development Group for its role in transforming the historic Fort Monmouth property, following the opening of its 68-unit residential project at a historic officers housing complex.

Industrial
Prologis acquires 212,000 sq. ft. Meadowlands warehouse

Prologis has added to its Meadowlands industrial portfolio with the acquisition of a fully occupied, 212,000-square-foot warehouse in Teterboro.

Office
NKF: Joint venture sells 197,000 sq. ft. office building in Parsippany

A nearly 200,000-square-foot office building in Parsippany has changed hands among well-known landlords, following a sale arranged by Newmark Knight Frank.

Hospitality & Tourism
HFF inks sale, financing for 128-room hotel in Bridgewater

A regional hotel operator has acquired a 128-room Hyatt property in Bridgewater, in a transaction arranged by brokers with HFF.

Industrial
Newmark: Cheese importer takes 37,000 sq. ft. in Flanders (UPDATED)

A cheese importer is set to occupy nearly 36,000 square feet of industrial space in Mount Olive, following a recent transaction arranged by Newmark Associates.

Industrial
Denholtz inks 11,200 sq. ft. renewal with health, beauty products maker

A health and beauty products manufacturer has recommitted to its location in Piscataway, inking an 11,200-square-foot lease renewal with Denholtz Associates.

Retail
Pierson announces six new Jersey Mike’s leases in New Jersey

Jersey Mike’s Subs has added six new stores to its footprint in northern and central Jersey after a series of leases completed by Pierson Commercial.

Retail
Mixed-use West New York building fetches $1.3 million, CBRE says

A private investor has acquired a 7,000-square-foot mixed-use property in West New York, brokers with CBRE announced this week.

Residential & Mixed Use
K. Hovnanian set to debut new 460-unit townhome project in Cedar Grove

K. Hovnanian Homes is taking the wraps off a new development that will bring 460 luxury townhomes to a site about three miles from downtown Montclair.

People
JLL hires prominent brokerage team, plans new Princeton office

A well-known, Princeton-area brokerage team has joined JLL as part of the firm’s plan to launch a new office and expand its reach in the high-profile submarket.