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CONTENTS
FEBRUARY 2020
Features
14 Suburban Renewal
East Brunswick, River Development eye
transformation of aging Route 18 retail corridor
18 Charting the Course
With massive logistics projects set to begin, Bumber
eyes growth of Advance’s industrial pipeline
20 On the Map
Leases by accounting firm, consumer goods giant mark auspicious start for revamped Parsippany campus
22 The Next Step
Rutgers real estate program eyes
new degrees, new investment as it looks to the future
Departments
4 The Briefing
Deloitte to anchor Morristown redevelopment by SJP, Scotto,
plus other top stories in commercial real estate
REALESTATENJTM 1
10 Deal Sheet
A roundup of CRE leases, sales and financing
13 Policy Page
Waves of change bring opportunity to New Jersey’s suburbs
24 People on the Move
New hires and executive moves
27 Guest Column
Addressing affordable housing:
Government leaders must adapt
28 Project Updates
Developers, hospital leaders debut medical
office building in Essex County
32 In the Moment
Events and celebrations in commercial real estate
ON THE COVER: The township of East Brunswick has selected River Development Equities LLC as its redeveloper for a 44-acre area along Route 18, where it aims to replace and revitalize a collection of blighted retail buildings between Ruth Street and Lake Avenue. Pictured in this conceptual rendering is a hotel with outdoor dining, one of several uses proposed by the project team. — Courtesy: River Development Equities LLC