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
Stro touts purchase of Woodland Park industrial buildings

The Stro Cos. has closed on a two-building, 100,000-square-foot industrial portfolio in Woodland Park, its third acquisition in the past nine months.

Retail
7-Eleven opens new store in Denville, Zoltek says

A new 7-Eleven has opened its doors near downtown Denville, following a lease arranged by Zoltek Realty.

Industrial
JLL: Burlington industrial building trades for $10.7 million

A national investment firm has expanded its holdings in New Jersey, acquiring a 174,000-square-foot industrial building in Burlington County.

Government & Public Policy
Kearny Point, Bell Works among sites eligible for EDA rent grants for startups

The state has approved nine locations at which technology or life sciences startups can apply for rent support grants that would help them move into incubators, accelerators or co-working spaces, including some of New Jersey’s largest redevelopment projects.

Industrial
Pennsauken industrial buildings sell for $3.15 million

Two Pennsauken industrial buildings totaling 55,000 square have changed hands for more than $3.1 million, following a sale arranged by Colliers International.

Finance & Capital Markets
Procida touts $1.75 million loan for Toms River boat repair facility

Procida Funding & Advisors LLC has closed on $1.75 million in financing for the owner of a boat repair facility and marina in Toms River.

Residential & Mixed Use
Atlantic Realty begins construction for 1,200-unit town center project in Ewing (UPDATED)

Atlantic Realty Development Corp. has broken ground on a project that will bring nearly 1,200 apartments and 120,000 square feet of commercial space to the former site of a General Motors plant in Ewing.

Government & Public Policy
Parting thoughts: Outgoing NAIOP New Jersey president reflects on chapter’s growth — and continued priorities

As Dave Gibbons wraps up his two-year term as NAIOP New Jersey’s president, he says the organization has made strides with public policy goals such as a new performance bond law and liquor license reform, while growing to nearly 850 members to become the association’s sixth-largest chapter in the country. But he believes there is always more work to be done in both the legislative arena and when it comes to networking and recruitment.

Policy Page
Washington preps for divided government in 2019: New Jersey may benefit

A newly elected Congress returns in January with Republicans enjoying a slightly expanded majority in the Senate and Democrats taking charge of the House of Representatives for the first time since 2010. I believe that the shift of power in the House to a Democratic majority has opened some opportunities for those of us in New Jersey commercial real estate.

Retail
Brunelli inks new leases for Dollar Tree in Middlesex, Monmouth counties

Dollar Tree has added to its growing footprint in the region with two recent lease signings in central New Jersey, brokerage firm R.J. Brunelli & Co. LLC announced.