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.

Professional Services
Kwartler named principal at Avison Young

Avison Young has named a new principal in New Jersey, recognizing one of its day-to-day leaders who has also played a key role in the company’s growth in the state.

People
Denholtz adds paralegal amid ongoing plan to streamline leasing team

Denholtz Properties has added a paralegal to its team in an effort to further enhance and streamline its in-house leasing operations, the Red Bank-based firm announced Tuesday.

Top News
CBRE: Tristate data center demand still strong, with inventory still limited

Data center vacancy in the tristate area reached an all-time low in 2020, according to CBRE, thanks in part to demand fueled by cloud providers, health care and financial institutions.

Office
Newmark touts leasing assignment at Cedar Knolls office, flex portfolio

A landlord has selected Newmark Associates as its leasing agent for a 410,000-square-foot office and flex portfolio in Morris County.

Health Care & Education
Addiction treatment center takes 3,700 sq. ft. in Fair Lawn, NAI Hanson says

An addiction treatment provider has leased nearly 4,000 square feet of medical office space in Fair Lawn, in a newly announced transaction by NAI James E. Hanson.

Professional Services
Transwestern to close New Jersey office in early April, company says

Transwestern is closing its New Jersey office next month, a company representative said, in a move that comes a decade after the commercial real estate services firm entered the market.

Professional Services
JLL New Jersey team hires executive V.P. focused on tenant rep, portfolio strategy

JLL has added a veteran broker to its New Jersey office leasing team, with a focus on tenant representation and portfolio strategy for national and global clients.

Professional Services
Colliers adds office leasing, life sciences broker among latest New Jersey hires

Colliers International has made two more additions in New Jersey, bolstering its team of office leasing and capital markets brokers in the state.

Retail
Hoboken landlord announces 16 new leases across retail, office portfolio

A locally based developer and property owner has announced 16 new commercial leases across its Hoboken portfolio, bringing a host of new businesses to the Mile Square City.

Health Care & Education
St. Joseph’s to occupy new ground-up 140,000 sq. ft. medical complex in Totowa

A hospital network is expanding its footprint with a built-to-suit, 140,000-square-foot medical office complex in Totowa, in a newly announced transaction by Lee & Associates New Jersey.