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
Psychiatry group inks 2,500 sq. ft. office lease in Cherry Hill, WCRE says

A psychiatry practice has leased 2,500 square feet of office space in Cherry Hill, under a transaction arranged by Wolf Commercial Real Estate.

Health Care & Education
New Jersey needs turnkey lab space, faster approvals to compete for life sciences users

Experts say New Jersey faces a growing challenge: While it’s still a major draw for pharmaceutical research and development, speed to market has become increasingly important to life sciences users. That means the state’s lack of move-in-ready lab space — and its lengthy approval process for new construction — puts it at a disadvantage to competing markets.

Top News
EDA reboots grant program to help municipalities rescue stranded malls, office parks

The state Economic Development Authority has relaunched a funding program aimed at helping suburban communities repurpose underutilized retail or office park properties.

Professional Services
WCRE adds business development adviser

Wolf Commercial Real Estate has announced the hiring of a new business development adviser to help bring the firm’s services to new clients.

Office
Chilmark: Media company takes 6,200 sq. ft. in Secaucus, in move from Midtown

A tenant is relocating from Manhattan to more than 6,000 square feet of office space in Secaucus, under a newly announced transaction by Chilmark Real Estate Services.

Office
Sanzari taps JLL as leasing agent at Elmwood Park office building

Alfred Sanzari Enterprises has named JLL as its leasing agent at a four-story, 68,000-square-foot office building in Elmwood Park.

Office
CPN inks sale of 6,400 sq. ft. office, retail building in Pennington

An office and retail building in Mercer County has changed hands for $650,000, in a newly announced transaction by Commercial Property Network Inc.

Office
SJP makes key promotion, hire in property management team

SJP Properties has deepened its leadership team and property management platform with a recent promotion and a new addition to the company.

Office
Diversified inks leases in Montville with financial services, mortgage firms

Diversified Properties has signed two leases at a Morris County office building, securing commitments from a financial services firm and a retail mortgage lender.

Top News
Bronsnick to leave SJP Properties after nine years

Peter Bronsnick, SJP Properties’ president for the New Jersey region and a well-known commercial real estate executive in the state, is leaving the company after nearly a decade.