New Jersey’s two largest cities started the year with high-profile office deals, but consolidations have caused an uptick in vacant space for the regional leasing market in the state.
No matter the asset class, commercial real estate in New Jersey is changing in a big way.
That was the message of industry leaders earlier this week as some 350 owners, brokers and other professionals gathered for the annual Developer’s Night hosted by IOREBA, or the Industrial and Office Real Estate Brokers Association.
The new owner of the Public Service Enterprise Group headquarters tower in Newark has kicked off $4 million in upgrades and is marketing five vacant floors atop the 26-story office building, according to brokers with Cushman & Wakefield.
HFF has secured $124.5 million in financing for three properties in Short Hills that Mack-Cali Realty Corp. is acquiring as part of high-profile deal announced earlier this month.
With occupancy at nearly 100 percent, Denholtz Associates has unveiled plans to upgrade a 54,600-square-foot office building in the heart of Somerset County.
The owner of a Cherry Hill office building has landed its third new tenant in the past six months with the signing of a 3,310-square-foot lease, according to brokers with NAI Mertz.
By Joshua Burd KBS Realty Advisors has signed leases totaling nearly 30,000 square feet at its six-building, 632,000-square-foot office campus along Route 1 in Woodbridge, the company announced. The deals at Woodbridge Corporate Plaza include a 4,055-square-foot renewal with Biocon…
NAI Mertz might be the largest independent commercial real estate brokerage in southern New Jersey, but Barry Mertz will never forget the company’s humble beginnings.
After all, working with his wife Faye is a daily reminder of how it all started.
New Brunswick Development Corp. expects to begin site construction next month at a planned 1.7 million-square-foot redevelopment project in the heart of the Middlesex County seat.