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
Birch Group acquires three-building office portfolio near Morristown for $77 million

An investment firm has made another high-profile addition to its Morris County portfolio, acquiring three office buildings near downtown Morristown for $77 million.

Health Care & Education
Avison Young: Sewell medical office condo trades for $3.75 million

A local investor has sold a medical office condominium in Gloucester County for nearly $4 million, in a newly announced transaction by Avison Young.

People
Senlac Ridge Partners names new principal for development and construction

Senlac Ridge Partners has added a longtime development executive as its newest principal, as the firm looks to ramp up its pipeline of ground-up projects in the region.

Professional Services
Kwartler named principal at Avison Young

Avison Young has named a new principal in New Jersey, recognizing one of its day-to-day leaders who has also played a key role in the company’s growth in the state.

People
Denholtz adds paralegal amid ongoing plan to streamline leasing team

Denholtz Properties has added a paralegal to its team in an effort to further enhance and streamline its in-house leasing operations, the Red Bank-based firm announced Tuesday.

Top News
CBRE: Tristate data center demand still strong, with inventory still limited

Data center vacancy in the tristate area reached an all-time low in 2020, according to CBRE, thanks in part to demand fueled by cloud providers, health care and financial institutions.

Office
Newmark touts leasing assignment at Cedar Knolls office, flex portfolio

A landlord has selected Newmark Associates as its leasing agent for a 410,000-square-foot office and flex portfolio in Morris County.

Health Care & Education
Addiction treatment center takes 3,700 sq. ft. in Fair Lawn, NAI Hanson says

An addiction treatment provider has leased nearly 4,000 square feet of medical office space in Fair Lawn, in a newly announced transaction by NAI James E. Hanson.

Professional Services
Transwestern to close New Jersey office in early April, company says

Transwestern is closing its New Jersey office next month, a company representative said, in a move that comes a decade after the commercial real estate services firm entered the market.

Professional Services
JLL New Jersey team hires executive V.P. focused on tenant rep, portfolio strategy

JLL has added a veteran broker to its New Jersey office leasing team, with a focus on tenant representation and portfolio strategy for national and global clients.