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
Church acquires 2,300 sq. ft. office building in Hackensack, NAI Hanson says

A local congregation has acquired a single-story office building in Hackensack, with plans to relocate to the property from a neighboring town.

Office
Morris Plains office building sells for $3.7 million, Newmark says

An investor has acquired a 28,000-square-foot office building in Morris Plains for nearly $3.7 million, under a transaction arranged by Newmark Associates.

Office
Developers continue focus on amenities, aesthetics to help tenants compete for talent

As hiring and human resources decisions drive corporate real estate selection more than ever, New Jersey developers are responding by designing spaces and amenities that meet those needs, while expanding their focus on the labor markets around their project sites.

Policy Page
Demographics and data inform sound decisions

Current and accurate data on population shifts and consumer spending enables the real estate industry, government officials and businesses to make informed choices on investments and resource allocation.

Office
Pharma firm inks renewal for North American HQ in Parsippany, Avison Young says

A pharmaceutical manufacturer has recommitted to its North American headquarters in Parsippany, in a newly announced transaction by Avison Young.

Professional Services
NAI Hanson’s Troiano to be honored as a top woman entrepreneur, corporate leader

A longtime broker at NAI James E. Hanson has earned a prestigious honor from a networking organization that recognizes top achievements by women in business.

Office
CBRE inks sale of eight-acre redevelopment site in Morris County

A developer has acquired a vacant former supermarket property in Morris County, where it’s now planning a multiservice medical office center.

Office
Hamilton office complex sells for $85 million, CBRE says

A well-known office complex at the Hamilton train station has changed hands for nearly $85 million, in a newly announced transaction by CBRE.

Office
Bergman, Rialto sell Florham Park office complex for $31 million

A joint venture has reaped more than $30 million from the sale of a two-building, 230,000-square-foot office complex in Florham Park, brokers with Colliers International said.

Office
Investment, redevelopment have brought new life to Piscataway office market

Piscataway’s office market has bounced back in recent years, with rents rising and vacancy falling, thanks to new investment and redevelopment that have helped revitalize and right-size the township’s stock of buildings.