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.

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.

Professional Services
JLL adds senior vice president to New Jersey office brokerage team

JLL has made another addition to its New Jersey team, announcing the hiring of a well-known office leasing professional.

Office
Parsippany office complex trades for $10.5 million, Kislak says

A private investor has sold a four-building, 126,000-square-foot office complex in Parsippany for $10.5 million, in a deal arranged by The Kislak Co. Inc.

Office
Investment firm continues push into New Jersey suburbs, eyes return to high-end office buildings

With nearly a dozen acquisitions and more than $750 million in combined investment — all since spring 2018 — The Birch Group is exceedingly bullish on northern New Jersey’s office market and the expected return to work in top-tier locations.