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
C&W inks $30 million acquisition loan for Princeton office deal

The buyer of a Princeton-area office building has obtained nearly $30 million in acquisition financing, in a newly announced transaction by Cushman & Wakefield.

Office
Landlord eyes overhaul of historic 45,000 sq. ft. office building in Jersey City

The owner of a historic loft office building in Jersey City has unveiled plans to renovate the property, where it recently secured two new tenants for more than 13,000 square feet.

Finance & Capital Markets
Kennedy Funding closes $1.8 million loan for research park site in Michigan

Kennedy Funding, an Englewood Cliffs-based direct private lender, has closed a $1.815 million land loan to the owner of more than 30 acres outside Detroit.

Office
Savills: Investor acquires, plans nursing home at 127,000 sq. ft. Montvale office building

A private equity firm has acquired a 127,000-square-foot office complex in Montvale and is now planning to convert it to an assisted living facility, according to brokers with Savills.

Office
Provident Bank leases 84,000 sq. ft. for new Woodbridge office locations, C&W says

Provident Bank has signed two leases for a combined 84,000 square feet in Woodbridge, the home of its headquarters and a planned operations center.

Office
Matrix inks two renewals for 51,000 sq. ft. at Cranbury business campus

Matrix Development Group has inked two lease renewals at its 13-building, 345,000-square-foot business campus along the New Jersey Turnpike in Cranbury.

Office
Pharma firm taps SJP for build-out of new 300,000 sq. ft. headquarters at ON3

A pharmaceutical company has selected SJP Properties to manage the build-out of its new 300,000-square-foot U.S. headquarters in Nutley.

Finance & Capital Markets
Rubenstein inks $57 million loan for buyer of Honeywell campus in Morris Plains

A division of Rubenstein Partners LP has closed $57 million in financing to the buyer of the 465,000-square-foot former Honeywell International building in Morris Plains.

Professional Spotlight
Giordano names new shareholder, chairs across real estate and land use teams

Giordano, Halleran & Ciesla has named a new shareholder and two new chairs within its team of real estate and land use attorneys.

Office
C&W inks sale of 58,000 sq. ft. office building in Bridgewater

An investment firm is planning renovations to a Bridgewater office building after recently completing its purchase of the property, brokers with Cushman & Wakefield announced.