Three tenants have leased a combined 15,437 square feet within a group of Morris County office buildings, under a series of newly announced transactions by NAI James E. Hanson.
Office
New Jersey’s office market is evolving by the day, but this fact remains: The state’s location and educated workforce make it a highly desirable place for tenants of all shapes and sizes.
Workforce wellness, resiliency and ironclad industrial sector: Keys to recovery
Despite the ongoing adverse impacts from the COVID-19 pandemic, some experts report that the macroeconomic trends are looking favorable nationally, and especially for New Jersey, but it’s going to be pretty slow going. Marked differences exist among the various sectors, not all of which have bottomed out yet.
CBRE tapped as leasing agent at new-look Piscataway office building
The owner of a newly renovated, 138,000-square-foot office building in Piscataway has retained CBRE as the property’s leasing agent.
NAI Hanson inks sale of mixed-use building in Netcong
An investor has acquired a 2,100-square-foot mixed-use building in Morris County, under a newly completed transaction by NAI James E. Hanson.
Wealth manager, IT consultant take 9,200 sq. ft. in East Hanover
Two tenants have combined to lease 9,200 square feet of office space in Morris County, under a newly announced transaction by Sheldon Gross Realty.
NKF: New Jersey office market stalls in Q2 as tenants grapple with COVID crisis
Office leasing in New Jersey slowed significantly in the second quarter, with renewals and extensions accounting for most of the activity as tenants navigated the coronavirus crisis.
Investor buys Mount Laurel office campus, its latest New Jersey acquisition
An investment firm has acquired a four-building, 234,563-square-foot office campus in Mount Laurel, with plans to rebrand and upgrade at the property as it looks to attract new tenants.
Larken, dermatology practice ink 1,300 sq. ft. lease in Parsippany
Larken Associates has completed a 1,343-square-foot lease in Parsippany with a growing dermatology practice.
United Way event features media icon Forbes, honors high-profile Warren office deal
The United Way of Northern New Jersey hosted its annual fundraiser with the commercial real estate industry, which featured an interview with media icon Steve Forbes and the presentation of its Impact Award to one of the state’s most high-profile office deals of 2019.
In spite of it all
It was a busy spring, surprisingly so, and I know many of you would agree. I’ve seen it firsthand in the lease and sale announcements that have continued to hit my inbox these last three months, with many of them offering praise to the parties involved for getting the deal done in the midst of “challenging economic times” or “uncertain market conditions.” I know full well that much of the industry is still hurting. We won’t lose sight of that. But we will take the opportunity to highlight some of the positive things that are happening in spite of the pandemic.
