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
Nessel inks new lease, expansion to nearly fill Mount Laurel office complex, WCRE says

Nessel Development has all but filled a Mount Laurel office portfolio after a new lease and an expansion by an existing tenant, in a set of deals arranged by Wolf Commercial Real Estate.

Office
Owner-occupier buys 16,000 sq. ft. Denville office building, C&W says

A private occupier has purchased a nearly 16,000-square-foot office building in downtown Denville, brokers with Cushman & Wakefield announced Thursday.

Government & Public Policy
EDA approves $359 million Aspire award for new residential, commercial tower at New Brunswick’s HELIX campus

A new project that would bring 265 apartments, office and laboratory space and housing for medical students to the emerging HELIX campus in New Brunswick is moving ahead with a newly approved, $359 million tax credit award under the state’s Aspire program.

Sponsored Content
A landlord perspective on alternative retail leases: Not your average retail lease

To avoid the so-called “tail wagging the dog,” rooftop owners can avail themselves of certain strategies in structuring rooftop lease deals to minimize risk. This article touches upon a few strategies, including reserve areas and relocation and recapture rights.

Current Issue
Owners Council Q&A: Lance Bergstein

The market has really ebbed and flowed over the last 12 months. There were spurts of positive progress coupled with deterrents. I think this recent rate cut will help the macro environment but many of the fundamentals have remained the same. As a whole, the country is in an interesting political environment, which is perhaps more impactful to the economy than raw economic data.

Top News
Hackensack office site sold as part of planned affordable housing project, NAI Hanson says

An affordable housing agency has added to a development site in Hackensack with its purchase of a downtown office property, according to a brokerage team with NAI James E. Hanson.

Health Care
Pediatric dental group takes 2,400 sq. ft. in North Bergen medical office deal, NAI Hanson says

A pediatric dental practice is expanding in New Jersey after securing more than 2,400 square feet in North Bergen, in a newly announced deal by NAI James E. Hanson.

Office
Surgery center buys 107,000 sq. ft. Somerset office building, Vantage Commercial says

A health care user has acquired a nearly 107,000-square-foot office building in the Somerset section of Franklin, in a newly announced deal by Vantage Commercial.

Office
Signature acquires fully leased 204,000 sq. ft. office building in Parsippany

Signature Acquisitions has expanded its holdings in Parsippany with the purchase of a nearly 204,000-square-foot office building, brokers with JLL announced Thursday.

Office
Newmark Associates inks sale of 10,000 sq. ft. professional, medical office building in Boonton

A private investor has purchased a 10,000-square-foot professional and medical office building in Boonton, according to a brokerage team with Newmark Associates CRE.