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
Colliers adds former Transwestern market leader in New Jersey as executive managing director

Colliers International has added to its New Jersey leasing team with the hiring of a veteran broker and former leader of Transwestern’s office in the state.

Office
Larken to build 19,000 sq. ft. of new office space at Branchburg site

Larken Associates has unveiled plans to build a new 19,000-square-foot professional and medical office building at an existing property in Somerset County.

Office
Partnership sells majority stake in 541,000 sq. ft. Parsippany office building

A joint venture has sold a majority interest in a Parsippany office building, following upgrades at the property that helped lure a pharmaceutical company’s U.S. headquarters in 2018.

Professional Services
BLS & Co. expands site selection, incentives team with newest hire

Biggins Lacy Shapiro & Co. LLC has added to its Princeton-based team with the hiring of a new site selection and incentives consultant.

Office
KBS sells 630,000 sq. ft. Woodbridge office campus for $88 million, with Newmark as broker

KBS has sold a nearly 630,000-square-foot office campus in Woodbridge for $88 million, in a transaction arranged by Newmark’s New Jersey-based capital markets team.

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.