Murray Construction

What Murray Construction does

Murray Construction is a privately-held, full-service commercial real estate development, ownership, and management firm headquartered in Millburn, New Jersey. Founded in 1956 by Maurice M. Weill as an early pioneer of industrial real estate in New Jersey, the firm has developed more than 25 million square feet of commercial projects over its history and currently owns and manages approximately 5 million square feet of commercial space across Central and Northern New Jersey and New York State. Its portfolio spans industrial and warehouse buildings, distribution centers, flex space, manufacturing plants, data centers, office buildings, research and lab facilities, medical buildings, and retail properties, with tenants ranging from Fortune 100 companies to start-ups (including Stop & Shop among named occupiers).

The firm operates a vertically integrated model: an in-house Leasing Department handles prospecting, deal structuring, and renewals; a fully integrated Property Management Team delivers day-to-day operations and tenant support; and internal capabilities cover planning, design, approval, construction, and buildout. This integration enables on-time, on-budget delivery and supports a value proposition centered on giving tenants the ability to expand and relocate within Murray's portfolio as they grow. Customers are segmented by use case into Industrial & Logistics, Office & Professional (including medical and research), and Retail tenant categories.

Revenue is generated through three primary streams: commercial real estate development (development fees, buildout services, and property sales), commercial property leasing (tenant leases across the owned office, industrial, warehouse, and retail portfolio), and managed property management services. Pricing is quote-based and not publicly disclosed. The company markets primarily through its website and direct phone/email contact, with an in-house field-sales motion rather than a digital GTM. There are no disclosed funding rounds, subsidiaries, M&A activity, partnerships, patents, software/API offerings, or AI/ML capabilities. Leadership is stable and long-tenured, with Douglas Friedrich as Chairman and CEO (since 2009, with the firm since 1988), Michael Nachtome as President, and Nancy Marsillo as CFO.

Name

Murray Construction

Legal name

Murray Construction

Website

https://murrayconstruction.com

Company type

Private

Founded year

1956

Operating status

Operating

Headcount range

11–50 employees

Short description

Murray Construction is a privately-held, full-service commercial real estate developer, owner, and manager founded in 1956 and headquartered in Millburn, NJ. It owns and manages approximately 5 million square feet of industrial, office, retail, medical, lab, data center, and flex space across Central and Northern New Jersey and New York State, serving tenants from Fortune 100 companies to start-ups.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Commercial and Institutional Building Construction (23622), Industrial Building Construction (23621), Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

akta.pro secondary industry

Construction Management (Agency/Owner’s Rep) (IMAFAAAC)

Keywords

• Commercial real estate development
• Industrial property ownership
• Commercial property leasing
• Property management services
• Warehouse and flex space

Headquarters

HQ city

Millburn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others

Revenue model

1. Commercial Real Estate Development: Murray Construction develops commercial properties including industrial, warehouse, office, retail, medical, manufacturing, flex space, data centers, and research facilities. Revenue is generated through development fees, property sales, and long-term ownership.
2. Commercial Property Leasing: The company owns and manages nearly 5 million square feet of commercial space. Revenue is generated through tenant leases across office, industrial, warehouse, and retail properties.
3. Property Management Services: Fully integrated Property Management Team delivers personalized attention to ensure tenant satisfaction. Services include day-to-day property operations and tenant support.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Murray Construction is a full-service commercial real estate developer that develops, owns, and manages industrial and warehouse buildings, distribution centers, office buildings, research and lab facilities, medical buildings, manufacturing plants, flex space, data centers, and retail properties. The firm operates an in-house Leasing Department that handles prospecting, deal structuring, and renewals, plus a fully integrated Property Management Team that delivers day-to-day operations and tenant support. Its portfolio spans Central and Northern New Jersey and New York State and includes nearly 5 million square feet of commercial space under ownership.

Product overview

Murray Construction is a commercial real estate development and property management company that develops, owns, and manages industrial and warehouse buildings, distribution centers, office buildings, research and lab facilities, medical buildings, manufacturing plants, flex space, data centers, and retail properties. The company operates a full-service model providing in-house leasing, development, construction, and property management services. Their portfolio spans Central and Northern New Jersey and New York State, with approximately 5 million square feet of commercial space under ownership. The company does not offer software products, SaaS platforms, or technology-as-a-service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Development Development of commercial real estate projects covering industrial and warehouse buildings, distribution centers, office buildings, research and lab facilities, medical buildings, manufacturing plants, flex space, data centers, and retail properties. Revenue is generated through development fees, property sales, and long-term ownership, and Murray Construction has developed over 25,000,000 square feet across its history.
• Commercial Property Leasing Leasing of office, industrial, warehouse, and retail properties within Murray Construction's owned portfolio of nearly 5 million square feet, delivered through an in-house Leasing Department providing space solutions and creative deal structuring for prospective and renewing tenants.
• Property Management Services Fully integrated property management covering day-to-day operations, tenant support, leasing matters, cash management, partnership and tax issues, and job costing, delivered by an in-house team for tenants across the owned portfolio.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• The Hampshire Companies: Long-standing NJ-based commercial real estate investment, development, and management firm with a directly comparable focus on industrial, office, and retail properties across the Tri-State area, often through owned-and-managed portfolios. Business model and target geography closely mirror Murray's.
• Russo Development: New Jersey-based commercial real estate developer and owner-operator focused on industrial, warehouse, office, and retail properties across NJ. Operates as a full-service developer/landlord in overlapping submarkets, making it one of the closest direct peers to Murray.
• The KRE Group: New Jersey-based developer and property manager specializing in multifamily, commercial, and mixed-use properties. Overlaps significantly with Murray's NJ footprint and full-service development model, serving similar Tri-State tenants and investors.
• SJP Properties: Full-service commercial real estate developer active in the Northeast (including NJ), building and managing office, industrial, and mixed-use assets. Directly comparable development-led, owner-operator model serving similar enterprise tenants.
• Onyx Equities: New Jersey-focused commercial real estate investment, development, and management firm operating across office, industrial, and flex properties. Comparable business model and regional concentration to Murray's NJ-centric approach.
• Ackerman & Co: Privately held commercial real estate developer/owner focused on industrial, office, and medical properties, primarily across the Southeast US. Shares the in-house development, leasing, and property management model; a comparable full-service regional owner-operator.

Emerging players

• Bridge Industrial: Industrial/logistics-focused developer with a national footprint including substantial NJ presence. Comparable industrial asset focus and developer/owner-operator model, though with greater geographic scale than Murray.

Broad incumbents

• Prologis: The largest publicly traded industrial REIT globally, owning and developing logistics real estate including in the NJ/NY market where Murray operates. Overlaps with Murray's industrial segment but at vastly different scale and with significantly broader geographic and capital reach.
• Cushman & Wakefield: Global commercial real estate services firm with substantial commercial brokerage, property management, and leasing operations spanning the same NJ/NY Tri-State geography as Murray. Tangentially comparable as a CRE services incumbent competing for some of the same landlord and tenant relationships.

Regional players

• The Goldenberg Group: Mid-Atlantic commercial real estate developer and owner-operator with a portfolio spanning office, industrial, retail, and self-storage across PA, NJ, and surrounding states. Comparable as a private, full-service commercial developer/owner, though with a heavier PA footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/murrayconstco
• LinkedInlinkedin.com/company/murray-construction-co-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Murray Construction