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.

Health Care & Education
Colliers: Private equity firm adds 30,000 sq. ft. medical office building in Edison

A private equity firm has purchased a 30,000-square-foot medical office building in Edison, under a newly completed transaction by Colliers International.

Editor’s Note
Starting anew

The debate over New Jersey’s corporate incentive programs has been well-chronicled in recent years, but regardless of where you fall on the issue, there’s no denying their influence on the state’s commercial real estate market. That influence was all but gone for two years after Grow New Jersey and other subsidy programs were allowed to expire in summer 2019, with no immediate replacements in sight until Gov. Phil Murphy and lawmakers agreed on new incentives late last year. The state is now putting those offerings to work, starting with the jobs-based Emerge program that will fill the void left by Grow New Jersey.

Office
Fennelly: Nexus sells Ewing medical office building after more than 50 years

The longtime owner of a 27,000-square-foot medical office building in Ewing has sold the property for $1.8 million, according to brokerage firm NAI Fennelly.

Office
Bell Works completes lease-up of 100,000 sq. ft. prebuilt office space component

Somerset Development is touting the lease-up of more than 100,000 square feet of prebuilt, flexible office space at its flagship Bell Works campus in Holmdel.

People
Sanzari taps Fuller as new chief operating officer

Alfred Sanzari Enterprises has named a new chief operating officer after promoting a longtime industry executive who joined its ranks in 2019.

Office
NAI Hanson: Chatham office complex fully leased after deal with cheese importer

A cheese wholesaler and importer has leased 1,100 square feet of office space in Chatham, in a newly announced transaction by NAI James E. Hanson.

Office
It’s official: Party City, local leaders announce company’s move to Woodcliff Lake

Party City will in fact move its corporate headquarters to Woodcliff Lake, where it will lease more than 200,000 square feet to backfill a soon-to-be-vacant office building.

Office
Marcus: Four-building, 52,000 sq. ft. medical office portfolio fetches $7.2 million

A private buyer has closed on a four-building medical office portfolio in the Gloucester County city of Woodbury, under a deal arranged by Marcus & Millichap.

Office
Three new tenants coming to Princeton-area office, medical campus

Three tenants have combined to lease nearly 10,000 square feet at a commercial campus outside Princeton, under a series of deals by NAI Fennelly.

Office
KABR, Kushner ink leases with two health care tenants at Journal Square building

The owners of a historic office building in Jersey City have attracted two new tenants, following the recent completion of a $5 million renovation of the 16-story property.