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.
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.
The owner of a newly renovated, 138,000-square-foot office building in Piscataway has retained CBRE as the property’s leasing agent.
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.
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.
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.
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 Associates has completed a 1,343-square-foot lease in Parsippany with a growing dermatology practice.
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.
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.