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
Grid: Journal Square office building nears full occupancy after 27,000 sq. ft. in recent leases

A vocational school has leased nearly 9,000 square feet at a historic commercial building in Jersey City, in one of several newly announced deals by Grid Real Estate.

Office
Newmark: Ownership eyes $25 million revamp of 668,000 sq. ft. Red Bank-area office campus

A joint venture is investing $25 million to revitalize a nearly 670,000-square-foot office campus outside Red Bank, where it has tapped Newmark as its exclusive leasing agent.

Finance & Capital Markets
JLL: Owner of 210,000 sq. ft. ex-headquarters building in Union Twp. refis for $31 million

The owner of a well-known office building in Union Township has landed $31 million to refinance the 210,000-square-foot property, in a deal arranged by JLL.

Office
Onyx details Morgan Stanley, Zelis leases in Morristown totaling 170,000 sq. ft.

Onyx Equities is detailing two major deals at a newly overhauled, 400,000-square-foot office building near downtown Morristown, where it has leased a combined 170,000 square feet to banking giant Morgan Stanley and health care technology company Zelis.

Industrial
Russo, PGIM set to break ground on 200,000 sq. ft. Mahwah industrial project

Russo Development and PGIM Real Estate have completed demolition of a defunct office complex in Mahwah, paving the way for construction of a new 200,000-square-foot industrial building at the site.

Retail
Red Bank site with commercial space, parking lot trades for $4.8 million, C&W says

A local owner has reaped nearly $5 million from its sale of a mixed-use property in downtown Red Bank, brokers with Cushman & Wakefield said Monday.

Office
Tech firm buys 1,000 sq. ft. Metuchen office condo, American Properties Realty says

A private technology firm has purchased a 1,000-square-foot office condominium in Metuchen, in a transaction arranged by American Properties Realty Inc.

Office
Vonage, LT Apparel heading to Bell Works flexible workplace hub

Two new tenants are coming to the Bell Works campus in Holmdel, including Vonage, the cloud communications provider long based at another building in the township.

Office
Home remodeler takes 1,600 sq. ft. at New Providence office building, NAI Hanson says

A remodeling and custom home building firm has leased more than 1,600 square feet of office space in New Providence, in a newly announced deal by NAI James E. Hanson.

Office
Buyer wanted for 49,000 sq. ft. office, medical building in Monmouth County

The owner of a nearly 50,000-square-foot office and medical building in Monmouth County is seeking a buyer for the property.