Listen to this articleA ranking of commercial real estate developers in New Jersey shows Prologis at the top position with 53.4 million square feet owned or controlled in the state. The company, established in 1983, focuses on industrial development with projects including 357 Wilson Ave. in Newark and 198 Democrat Road in East Greenwich.
Matrix Development Group holds the second position with 30 million square feet. Founded in 1984, the company develops industrial, land, multifamily and office properties. Its projects include Matrix Corporate Campus in Monroe.
East Brunswick-based Greek Real Estate Partners ranks third with 22 million square feet. GREP specializes in industrial development such as the Linden Logistics Center and Logan North Industrial Park.
Bridge Industrial and KRE Group complete the top five with 20 million square feet and 16 million square feet, respectively. Bridge Industrial, established in 2014, concentrates on industrial projects while KRE Group, dating back to 1979, diversifies across industrial, multifamily and office developments.
The list shows industrial development as the predominant focus among top companies. Most firms maintain portfolios across multiple development types, with industrial, office and multifamily properties appearing most frequently.
The rankings feature companies with establishment dates ranging from 1928 (Rockefeller Group) to 2014 (Vision Real Estate Partners). The range demonstrates the evolution of real estate development in New Jersey.
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Claude.ai assisted with the creation of this article based on NJBIZ data.
