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.

Professional Spotlight
Avison Young hires former Mack-Cali leasing executive

A longtime Mack-Cali Realty Corp. leasing executive has joined Avison Young’s New Jersey team.

Top News
Somerset Development inks first office, retail leases at Bell Works Chicagoland project

Somerset Development has taken new steps in its plan to open a second Bell Works location, luring its first office and retail tenants to a 1.65 million-square-foot campus outside Chicago.

Health Care & Education
Franklin Lakes parcel slated for medical office building changes hands, NAI Hanson says

A developer has acquired two-thirds of an acre in Bergen County, where it’s now planning a medical office building aimed at capturing the growing demand for health care space.

Office
Vantage Commercial inks sale of 8,500 sq. ft. office condo in Moorestown

A commercial condominium in Moorestown has changed hands for an undisclosed price, in a newly announced transaction by Vantage Commercial.

Office
Tenant interest in ‘hub-and-spoke’ model brings added focus to state’s new-look office stock

A growing number of New York City-based firms have considered short-term office space in the suburbs, in an effort to reduce density, keep employees closer to home and reduce their reliance on mass transit. The movement has provided landlords and brokers with a chance to showcase New Jersey’s growing stock of revamped and rejuvenated office buildings.

Professional Services
Sordoni announces promotion of managing executive to senior vice president

Sordoni Construction Co. has announced a promotion for one of its longtime construction executives.

Office
AY: Ophthalmology, retina group inks 37,000 sq. ft. headquarters lease in Berkeley Heights

An ophthalmology and retina group has leased nearly 36,000 square feet of office space in Berkeley Heights, under a transaction announced Wednesday by Avison Young.

Office
Larken, consulting firm ink 1,800 sq. ft. lease in Branchburg

A workspace consulting firm is moving to an office complex in Branchburg, where it is taking more than 1,800 square feet under a lease with Larken Associates.

Office
KABR sells Ridgefield Park office building, home to Samsung’s U.S. headquarters

The KABR Group has sold a 233,000-square-foot office building in Ridgefield Park, the longtime home of Samsung’s U.S. headquarters, in a deal brokered by JLL.

Office
Mack-Cali sells Princeton-area office building for $7.5 million

Mack-Cali Realty Corp. has offloaded another suburban office property, completing the sale of a nearly 100,000-square-foot building in the Princeton submarket for $7.5 million.