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
Accordia touts 25,000 sq. ft. lease with lab company among recent Elmwood Park deals

Accordia Realty Ventures has completed several recent deals at a pair of Elmwood Park office buildings, including a headquarters lease with a well-known health care company.

Government & Public Policy
EDA opens application period for grant program aimed at stranded office, retail buildings

The state Economic Development Authority is now accepting applications for a grant program aimed at helping communities revitalize underutilized retail or office properties.

Office
The S.Hekemian Group unveils new office building at ex-Mercedes site in Montvale

The S.Hekemian Group has opened the doors to a new office building in Montvale, part of a mixed-use redevelopment of the former Mercedes-Benz USA campus in the borough.

Finance & Capital Markets
Investors Bank completes $556 million in Q1 commercial real estate loans

The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank.

Hospitality & Tourism
Bell Works expands dining, entertainment amenities with new rooftop bar

Somerset Development has opened a new rooftop bar at its flagship Bell Works complex in Holmdel, marking the latest amenity at the 2 million-square-foot mixed-use property.

Office
Atlantic County office complex trades for $1.35 million, CBRE says

A three-building office park in Atlantic County has changed hands for $1.35 million, in a newly completed transaction by CBRE.

Office
LPC inks new leases, extensions at Parsippany office building

Seven tenants have combined to lease nearly 30,000 square feet at a Parsippany office building, in a string of newly announced transactions by Lincoln Property Co.

People
Saxum adds director of capital markets among three newest hires

Saxum Real Estate made three additional hires as it continues to scale its business, having doubled the size of its team since the start of the pandemic.

Office
Larken, medical equipment firm ink 2,100 sq. ft. lease in Mercer County

Larken Associates will welcome a new tenant to a Lawrenceville commercial property after leasing more than 2,000 square feet to a medical equipment supplier.

Office
Merck officially lists 2 million sq. ft. headquarters, R&D campus in Kenilworth

A year after announcing plans to vacate its Kenilworth headquarters, Merck & Co. has officially placed the nearly 2 million-square-foot office and research campus on the market for sale.