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.

Events
United Way honors Gateway team, JLL’s Greiner at annual fundraiser

The state’s commercial real estate sector renewed its support of the United Way of Northern New Jersey, raising more than $250,000 in a program that showcased plans to transform Newark’s flagship office complex, while recognizing a top broker with JLL.

Office
Colliers inks sale of 55,000 sq. ft. medical office building in Oradell

An investor has acquired more than 55,000 square feet of medical office space in Bergen County, under a transaction arranged by Colliers International.

Policy Page
The future of office work has arrived

The economic rebound is fueling job growth in office-using sectors, which comes as the state lifts requirements that employers accommodate telework arrangements. Now that the future has arrived, I am sure that all employers would agree that employees are the most critical resource for success. Striking the right balance for the new workplace will likely be case-sensitive, and will no doubt take some time and a great deal of patience.

Health Care & Education
Dentist finds new location in Englewood Cliffs, leasing 1,100 sq. ft.

A dental practice is moving within Englewood Cliffs after signing a new lease for 1,100 square feet of medical office space, brokers with NAI James E. Hanson announced Wednesday.

Office
Accordia: Tenant at Fairfield office building expands again, adding 5,000 sq. ft.

Accordia Realty Ventures has secured a lease expansion at a Fairfield office building, inking a 5,000-square-foot deal with a commercial insurance and group benefits provider.

Health Care & Education
Plastic surgeon acquires 2,400 sq. ft. medical office condo in Ridgefield, NAI Hanson says

A plastic surgery practice is expanding into New Jersey with its purchase of a medical office condominium in Ridgefield, according to brokers with NAI James E. Hanson.

Finance & Capital Markets
CBRE: North Jersey among top 20 markets for net-lease investors in office, retail

As the demand for net-lease properties inches back toward pre-pandemic levels, northern New Jersey remains a top 20 market for investors targeting the office and retail sectors.

Finance & Capital Markets
Owner of Clifton office building refinances for $35 million, Progress Capital says

The owner of a 203,000-square-foot office building in Clifton is refinancing for more than $35 million, following efforts to lease up the property after acquiring it in 2018.

Industrial
Somerset office building, primed for industrial redevelopment, hits the market for sale

A vacant 200,000-square-foot office building in Somerset County is on the market for sale, providing what brokers say is a redevelopment opportunity in a growing industrial submarket.

Office
New tenant coming to Sanzari-owned campus in Teaneck, leasing 4,400 sq. ft.

Alfred Sanzari Enterprises has attracted a new office tenant to its Glenpointe campus in Teaneck, inking a lease for more than 4,400 square feet at the distinctive mixed-use property.