We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.
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.
Somerset Development inks renewal, expansion among newest leases at Bell Works
Somerset Development has secured a renewal and expansion with a communications testing firm, in the largest of four new leases at its flagship Bell Works complex in Holmdel.
Developer launches site work, proceeds with adaptive reuse of historic Paterson complex
A developer is moving ahead with a sweeping adaptive reuse plan in Paterson, where it hopes to transform a historic industrial complex into a destination for residents and businesses.
Highstone taps JLL to lease 141,000 sq. ft. office building in Ramsey
An investment firm has picked JLL as its leasing agent at a newly upgraded, 141,000-square-foot office building in Ramsey.
NAI Mertz named leasing agent at Bellmawr office building
The new owner of a Camden County office building has tapped NAI Mertz as its leasing agent, as it embarks on a set of improvements at the 40,000-square-foot property.
Garibaldi Group announces new, multigenerational leadership structure
The Garibaldi Group has made a major change to its leadership structure, including a move that brings the firm’s fourth generation into the uppermost ranks of its management team.
Dobco taps Kimmerle Newman Architects to help reposition ex-Toys R Us campus
The owner of the former Toys R Us headquarters site in Wayne has hired Kimmerle Newman Architects to help it reinvent the three-building, 191-acre office campus.
JLL: Data backup, restoration firm extends, expands to 60,000 sq. ft. in Englewood Cliffs
A data backup and restoration provider is doubling its footprint in Englewood Cliffs, where it’s set to occupy 60,000 square feet within a four-building office complex.
Avison Young named leasing agent at Metropark office building
The new owner of a nine-story office building in Woodbridge has tapped Avison Young as its leasing agent, following the brokerage team’s success at a large campus in Morris County.
SJP, financial services firm ink 12,800 sq. ft. office lease in Metropark
SJP Properties has completed a new 12,800-square-foot lease at a Woodbridge office building, providing a home for the New Jersey operations of a global banking firm.
