Industrial
E-commerce train rolls on as industrial owners, brokers prepare for a roaring 2020

The economic engine powering the New Jersey industrial real estate market will continue to be the rapidly transforming retail sector, driven primarily by relentlessly rising demand from consumers for rapid home delivery of purchases, whether from online retailers or traditional but restructured brick-and-mortar retailers.

Retail
JLL: Mount Laurel retail center with gym, grocery store trades for $18 million

An investment firm has acquired a nearly 130,000-square-foot shopping center in Mount Laurel, under a newly announced transaction by brokers with JLL.

Office
JLL: Law firm commits to mixed-use project at ex-Mercedes-Benz site in Montvale

The redeveloper of the former Mercedes-Benz campus in Montvale has lured its first office tenant to the site, inking a 20,000-square-foot lease with an area law firm.

Industrial
Mount Laurel warehouse sells for $32 million

An investment group has reaped $32.2 million from the sale of a nearly 300,000-square-foot warehouse in Mount Laurel, under a newly announced transaction by JLL.

Office
Woodbridge: KBS inks 53,000 sq. ft. extension with BNP Paribas

A global banking organization has extended its commitment at a Woodbridge office park, where it occupies more than 53,000 square feet under a lease with KBS.

Office
Vision, Rubenstein detail new Sax LLP lease at Parsippany office campus

One of the state’s top accounting firms will debut its new headquarters this summer, when it moves to a soon-to-be-transformed, two-building office campus in Parsippany.

Office
New Jersey office leasing slows at year-end, amid a decade of recovery

Smaller-sized leases continued to dominate New Jersey’s office market as 2019 came to a close, putting a drag on overall deal volume as larger transactions remained elusive.

Office
Investor acquires 83,000 sq. ft. office portfolio in Mount Laurel, JLL says

A private investor has acquired a nearly 85,000-square-foot office complex in Mount Laurel, in an $11.05 million sale arranged by JLL.

Retail
JLL: Monroe grocery-anchored retail center sells for $32 million

A joint venture has acquired a Middlesex County shopping center for more than $32 million, in a newly completed transaction by brokers with JLL.

Industrial
JLL: With demand unrelenting, ‘banner’ Q4 sets up blockbuster year for N.J. industrial market

E-commerce users led the charge in fourth-quarter industrial leasing in New Jersey, setting up what could be another record-setting year for owners and developers of logistics space.