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
Single-tenant, 30,000 sq. ft. East Brunswick office building trades for $7.5 million

Cushman & Wakefield has negotiated the sale of a 30,000-square-foot office property in East Brunswick for $7.5 million.

Office
Garibaldi named leasing agent for 230,000 sq. ft. office campus near Morristown

A joint venture has hired The Garibaldi Group as its leasing team at a nearly 230,000-square-foot office campus just outside downtown Morristown.

Editor’s Note
Out of the shadows

In this month’s cover story we highlights the plan to restore and reactivate the property’s long-dormant and long-vacant ferry terminal. The master development team at LCOR envisions it as a unique destination for commuters, city residents and visitors — and as the centerpiece of the plan called Hoboken Connect — which became clearer after I recently toured the space with the firm’s Brian Barry. The building’s second floor, with its 21-foot ceiling heights and a large, column-less floorplate stretching nearly 500 feet, has all the makings of such a destination and the potential to achieve one of LCOR and NJ Transit’s top objectives: opening the terminal to the public while enhancing the commuter experience.

Government & Public Policy
Fulop expects nimble approach to development in Jersey City, with major projects still to come

Jersey City is still in the earliest stages of its well-chronicled renaissance, the city’s mayor said Thursday, while projecting a nimble approach to development in the face of economic headwinds and a continued focus on lesser-known neighborhoods outside the downtown.

People
STRO names new director of construction

The STRO Cos. has hired a 15-year construction industry veteran to support its in-house team and the ongoing growth of its commercial real estate portfolio.

Office
JLL named property manager of 760,000 sq. ft. Headquarters Plaza in Morristown

The owners of Morristown’s Headquarters Plaza complex have tapped JLL to manage the three-building, 760,000-square-foot property.

Retail
Buyer of Ridgewood property plans new retail, office space, Lee & Associates N.J. says

A family-owned real estate firm has acquired a 3,200-square-foot building in downtown Ridgewood, with plans to repurpose the site to create new retail and office space.

Office
Edison Properties, baby care products firm ink 18,000 sq. ft. lease at Ironside Newark

A consumer products company has leased 18,000 square feet of office space at Ironside Newark, Edison Properties’ sprawling commercial hub at the site of a historic warehouse.

Professional Services
Denholtz leasing executive tapped to co-chair DEI committee for CoreNet New Jersey

A key executive with Denholtz Properties is set to co-chair a diversity, equity and inclusion committee for the New Jersey chapter of CoreNet Global, the association representing nearly 10,000 professionals involved in large corporate real estate assignments.

Professional Services
Avison Young announces key moves in New Jersey finance, operations roles

Avison Young has named its first-ever director of finance for the Northeast region while hiring a new operations manager for its New Jersey offices.