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
SJP, Scotto break ground on Valley Bank’s new 120,000 sq. ft. headquarters in Morristown

Construction is underway on Valley Bank’s future headquarters in Morristown, where it will lease 120,000 square feet of new office space built by SJP Properties and Scotto Properties.

Deals
STRO adds 53,000 sq. ft. commercial building in Paramus

The STRO Cos. has purchased a nearly 53,000-square-foot commercial building in Paramus, in a transaction arranged by Jeffery Realty.

Office
PTC Therapeutics takes 360,000 sq. ft. at Warren office campus in lease with Rubenstein, Vision

PTC Therapeutics has leased 360,000 square feet for a new corporate headquarters in Warren, in a deal that marks one of New Jersey’s largest office leases of the past decade.

Residential & Mixed Use
Kushner begins tear-down of East Hanover office building, eyeing 265 luxury apartments

Kushner has started its demolition of another aging suburban office building, this time in East Hanover, paving the way for what will be a new 265-unit luxury apartment complex.

Office
Birch Group details plans for newly rebranded, 828,000 sq. ft. Short Hills office portfolio

The Birch Group is providing a first look at its plans to renovate four well-known office buildings in Short Hills after acquiring the nearly 830,000-square-foot portfolio last year.

Office
Larken, childcare center ink 8,000 sq. ft. lease in Skillman

Larken Associates has negotiated a lease with M&A Square Creative Corner for an 8,000-square-foot space formerly occupied by a Montessori school in Montgomery Township.

Sponsored Content
What’s in store for New Jersey’s commercial real estate market in 2022?

Over the course of the pandemic, commercial real estate has experienced notable highs and lows. The current market has rebounded vigorously and now exceeds pre-pandemic levels. To learn what’s in store in 2022, we sat down with Cushman & Wakefield’s powerhouse New Jersey Capital Markets team. Founded by Andy Merin in 1987, the team has been involved in more than $34 billion in property sales throughout its tenure.

Office
Saxum sells repositioned office, retail building in Montclair for $18 million, Marcus says

An investor has purchased a newly renovated office and retail building in downtown Montclair for $18 million, brokers with Marcus & Millichap announced Tuesday.

Office
Leica Camera to move North American HQ to Sanzari’s Glenpointe campus

Leica Camera Inc. has signed a long-term lease to bring its North American headquarters to Glenpointe, Alfred Sanzari Enterprises’ flagship business campus in Teaneck.

Professional Services
Veteran broker Schubert joins Lee & Associates New Jersey as partner

Lee & Associates New Jersey has announced the addition of longtime office broker Geoffrey Schubert, adding a 54-year industry veteran to its Elmwood Park-based team.