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
NAI Hanson: Speech, occupational therapy practice leases 4,000 sq. ft. in Wayne

A speech and occupational therapy group has taken 4,000 square feet of office space in Wayne, in a newly announced deal by NAI James E. Hanson.

Industrial
Newark warehouse deal among five recent leases, sales by Newmark Associates

An industrial linen business has leased a 12,000-square-foot warehouse in Newark, in one of several newly announced transactions by Newmark Associates CRE.

Office
NAI Fennelly closes 110,000 sq. ft. in Central Jersey office leases, sales in first half of 2022

NAI Fennelly is touting the completion of more than 110,000 square feet of office leases and sales in central New Jersey during the first half of 2022.

Professional Services
Cafiero-led team looks to continue pace as Marcus & Millichap’s top N.J. brokerage unit

Marcus & Millichap’s top investment sales team in New Jersey is seeking continued momentum, following a banner year in 2021 and a strong first half of 2022, with a focus on triple-net-lease and multitenant retail deals and the industrial and office sectors.

Office
Larken Associates, optometrist sign 1,200 sq. ft. lease in Raritan Borough

An optometry practice has found a new home in Somerset County after signing a nearly 1,200-square-foot lease with Larken Associates.

Top News
Somerset Development unveils new ‘Inspired’ brand to reflect transformative projects

Somerset Development has rebranded as part of a move to highlight its growing list of projects that have repurposed and reinvented properties in New Jersey and other markets.

Technology
Denholtz, VTS Rise partner to launch new tenant experience app

Denholtz Properties is unveiling a new mobile app for tenant engagement across its office portfolio, under a newly announced partnership with a leading technology company.

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.