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
Ripco: Buyer wanted for net-leased, 138,000 sq. ft. property in Eatontown

A nearly 140,000-square-foot commercial property in Eatontown is on the market for sale, with the potential to command offers of more than $40 million.

Health Care & Education
LEG, biotech firm complete deal for 42 acres at massive Hopewell life sciences campus

Lincoln Equities Group will soon welcome another user to its sprawling life sciences campus in Hopewell, having sold a 42-acre portion of the property to a global biotech company.

People
Diversified Properties names new chief financial, operations officer

Diversified Properties, a Montville-based commercial and residential real estate developer, has named Greg Adami as its chief financial officer and chief operations officer.

Office
Sanzari, psychotherapy center ink 1,600 sq. ft. expansion in Teaneck

Alfred Sanzari Enterprises has signed a 1,614-square-foot lease expansion with the Center for Developmental Psychiatry at The Atrium at Glenpointe in Teaneck.

Retail
Soccer store signs five-year extension at Green Brook location, Boniakowski says

A sporting goods store has extended its lease along Route 22 in Green Brook, in one of two newly announced deals by the Boniakowski Commercial Real Estate Group.

Professional Services
CBRE adds Ozturk, Gatto to tristate investment sales team

CBRE has announced two key hires for its top investment sales team in the region, as it looks to expand its foothold in the multifamily sector and other asset classes.

Office
Somerset kicks off construction for 72,000 sq. ft. flexible workplace hub at Bell Works

Somerset Development has started its buildout of a new 72,000-square-foot facility in Holmdel that it hopes will provide flexible workplace options to medium-sized businesses.

Finance & Capital Markets
C&W: Birch Group lands $31 million acquisition loan for Parsippany office building

The Birch Group has secured more than $31 million in financing for its purchase of a nearly 266,000-square-foot office building in Parsippany, in a deal arranged by Cushman & Wakefield.

Office
Larken, speech therapy practice ink 1,600 sq. ft. lease in Hillsborough

Larken Associates has negotiated a lease with Speech Therapy Solutions for 1,557 square feet of office space in Hillsborough.

Office
Amazon ditches plan for 400,000 sq. ft. lease at Mack-Cali campus in Jersey City, report says

Amazon has reportedly scrapped a plan to take some 400,000 square feet of office space at Mack-Cali Realty Corp.’s renovated Harborside campus in Jersey City.