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
Snack maker opens 111,000 sq. ft. headquarters at ex-Hertz site in Park Ridge

The company behind Welch’s Fruit Snacks, Sun-Maid raisins and other brands has opened its new 111,000-square-foot headquarters in Park Ridge, bringing new life to the former longtime home of the Hertz Corp. after the rental car company’s high-profile departure in 2015.

Office
Panel: Interest in office space picking up as employers mull re-entry plans, hybrid schedules

Employers are hoping to find a middle ground as they determine how best to bring workers back to the office. While that strategy is still taking shape, occupiers have already begun to weigh their post-pandemic options in places such as Jersey City, driving an uptick in building tours and the prospect of new leasing activity.

Finance & Capital Markets
Newmark: Joint venture lands $76 million loan for 433-acre life sciences campus in Hopewell

An asset management firm is providing $76 million in financing for an investment group’s recent purchase of a 33-building, 1.11 million-square-foot life sciences campus in Hopewell.

Finance & Capital Markets
Father and son thriving together as part of JLL capital markets team in New Jersey

JLL’s New Jersey-based capital markets team includes a rare father-son combination among commercial real estate brokers, part of an office that remains a leader in the state and has only expanded its reach over the past year.

Events
Industry leaders reunite, reconnect at first NAIOP New Jersey event post-pandemic

Commercial real estate leaders gathered Thursday in Holmdel, where NAIOP New Jersey honored several companies as the industry took a key step in moving beyond the pandemic.

Office
Colliers named leasing agent at two-building 145,000 sq. ft. office campus in Morris County

The owner of a two-building, 145,000-square-foot office complex in Florham Park has appointed Colliers International as its leasing agent for the property.

Finance & Capital Markets
Vision, Rubenstein sell Warren office buildings for $150 million, JLL says

An investment group has purchased a two-building, 316,000-square-foot office portfolio in Warren for more than $150 million, in a transaction arranged by JLL.

Office
Sanzari signs 32,000 sq. ft. in office, retail renewals in Bergen County

An insurance agency has renewed its nearly 15,000-square-foot lease in Hasbrouck Heights, in the largest of several newly announced deals by Alfred Sanzari Enterprises.

Office
Financial brokerage renews 11,000 sq. ft. office lease in Jersey City, Cresa says

A financial services firm has renewed its lease in Jersey City’s iconic Newport district, where it occupies more than 11,000 square feet for its corporate headquarters.

Office
Medical office owner adds Englewood facility, expanding New York-area holdings

A joint venture has purchased a nearly 38,000-square-foot medical office building in Englewood as part of an expansion in the New York metropolitan area.