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.

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.

People
JDA Group executive promoted to vice president

Commercial real estate firm JDA Group LLC has announced a promotion on its team as it looks ahead to a high-profile development project and other growth opportunities.

Finance & Capital Markets
C&W: Owner of 730,000 sq. ft. Novo Nordisk campus in Plainsboro refis for $211 million

An asset manager has secured more than $210 million to refinance a nine-building, 58-acre campus in Plainsboro that serves as Novo Nordisk’s North American headquarters.

Finance & Capital Markets
JLL, Progress Capital source $114 million loan for Newark office, parking portfolio

A joint venture has landed a nearly $114 million loan to purchase and reposition two office buildings and a parking garage in downtown Newark, according to a debt advisory team.

Office
Shipping firm inks 10,000 sq. ft. office lease in Jersey City, C&W says

Cushman & Wakefield has negotiated a long-term office lease in Jersey City for ZIM American Integrated Shipping.

Office
American Equity Partners inks sale of 199,000 sq. ft. Bridgewater office building, CBRE says

CBRE advised American Equity Partners on the sale of a 199,310-square-foot, 82 percent occupied office building in Bridgewater.