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.

Office
NVE, JLL detail plans for newly assembled 625,000 sq. ft. innovation hub in East Hanover

New Vernon Equities has acquired 350,000 square feet of high-end office space at the former Novartis Corp. campus in East Hanover, with plans to incorporate the buildings into a larger development that caters to firms in life sciences and other innovation sectors.

Office
CBRE: McGivney Kluger takes 14,000 sq. ft. in latest law firm deal at The Eisenhower

A national law firm has leased nearly 14,000 square feet of office space at The Eisenhower in Livingston, in a deal arranged by brokers with CBRE and JLL.

Office
Newmark: Panasonic looks to sublease landmark 338,000 sq. ft. office tower in Newark

Panasonic Corp. of North America has listed its iconic headquarters in Newark for sublease, tapping Newmark as the agent for the nearly 338,000-square-foot building.

Office
Riker Danzig moving to Madison, plans to leave longtime headquarters in Morristown in 2025

Riker Danzig LLP is leaving its longtime home in downtown Morristown, with plans to open a modern, technology-rich headquarters at Madison’s Giralda Farms campus.

Finance & Capital Markets
Asset Based Lending opens Cherry Hill office as second headquarters

Privately held Asset Based Lending has expanded its presence in New Jersey with the opening of an office in Cherry Hill, part of a wave of growth in several key U.S. markets.

Residential & Mixed Use
West Orange site, once home to ailing office park, now thriving with 423 rentals, public library

A sweeping new development with more than 400 apartments and a public library has taken shape in West Orange, revitalizing what was an ailing office park overlooking Interstate 280.

Current Issue
Owners Council Q&A: Lance Bergstein

We’re cautiously optimistic about the market. While there have been challenges like increased lending interest rates and the uncertainties associated with them, we’ve found opportunities to innovate and thrive. Leveraging joint ventures, early procurement and efficient planning has allowed us to combat potential delays and unforeseen expenses. Our growth in 2023, despite some projects stalling due to market factors, testifies to our adaptability and resilience in these changing times.

Office
Zimmel moves headquarters after 27 years, taking new space in Edison’s Raritan Center

Zimmel Associates has found a new home in Edison’s Raritan Center after moving its headquarters for the first time in more than 25 years.

Office
International metals company signs 4,800 sq. ft. renewal at Sanzari’s Glenpointe campus

Alfred Sanzari Enterprises has signed a lease renewal at Glenpointe in Teaneck with a business in the precious metals industry, the landlord announced Wednesday.

Office
JLL: Princeton University acquires 158,000 sq. ft. West Windsor office building for $33 million

Princeton University has gone from tenant to landlord in West Windsor after acquiring a more than 158,000-square-foot office building off Route 1, in a newly announced deal by JLL.