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
Catalyst lands approvals, eyes groundbreaking for 61,000 sq. ft. Edison industrial project

Catalyst Development Partners LLC has secured final approvals to build nearly 61,000 square feet of new warehouse space in Edison, the firm announced last week.

Retail
Two-building, 12,000 sq. ft. retail portfolio in Maplewood sells for $4.3 million, Marcus says

An investor has paid nearly $4.3 million for two neighboring properties in Maplewood, adding more than 12,000 square feet of retail space in a deal arranged by Marcus & Millichap.

Industrial
Blau & Berg: Truck repair business leases Secaucus maintenance facility, outdoor storage

A truck repair and fleet services firm has found a new headquarters and maintenance facility in Secaucus as part of a recent lease arranged by The Blau & Berg Co.

Government & Public Policy
Ewing Township breaks ground on new DIGroup-designed senior and community center

Construction is underway in Ewing on a new 70,000-square-foot senior and community center that will replace a facility that was damaged by a devastating fire in 2022.

Retail
Car wash coming to ex-bank site on Route 22 in Green Brook after Deluccia-brokered deal

A longtime car wash operator is opening a new location on Route 22 in Green Brook, according to a brokerage team with Deluccia Commercial Group.

Finance & Capital Markets
Lenders Cap closes $54 million construction loan for 251-unit rental project outside Miami

A developer has closed on a $54 million construction loan for a planned 251-unit multifamily project in South Florida, in a deal arranged by Lenders Capital Realty Services.

Office
Sun Pharma secures EDA tax credit for new 100,000 sq. ft. headquarters near Princeton

One of the world’s largest generic pharmaceutical companies has found a new U.S. headquarters outside Princeton with the help of a tax credit award under the state’s Emerge program.

Health Care
JLL: Buyer wanted for 181,000 sq. ft. Bristol Myers lab, office facility in Warren

The owner of more than 181,000 square feet of high-end lab and office space in Warren has tapped JLL to sell the property, the longtime home of a major pharmaceutical company.

Retail
Dumpling, tea shop takes 1,450 sq. ft. in Fair Lawn for latest New Jersey location, RIPCO says

Bao Dumplings and Bao Tea is adding a fourth New Jersey location with a new 1,450-square-foot lease in Fair Lawn, brokers with RIPCO Real Estate announced Thursday.

Residential & Mixed Use
Malas Development unveils 256-unit Teaneck rental building amid early leasing momentum

Malas Development has taken the wraps off a 256-unit luxury apartment building in Teaneck, with plans for a second phase next door as it transforms what was a large industrial site.