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.

Residential & Mixed Use
Investment sales in Belleville, Bloomfield net $5.1 million, Kislak says

Four properties in Essex County have changed hands for a combined $5.135 million, following a set of transactions brokered by The Kislak Co. Inc.

Office
Mount Laurel medical office building fetches $2.75 million

A local investor has acquired a 22,000-square-foot medical office building in Mount Laurel for $2.75 million, in a transaction arranged by Rose Commercial Real Estate.

Office
HFF tapped to sell 105,000 sq. ft. T-Mobile campus in Parsippany

The Parsippany office building that is home to T-Mobile’s regional headquarters is up for sale, according to brokers with HFF who are marketing the property.

Office
NKF: Denholtz, insurance company complete sale-leaseback in Red Bank

An insurance company has sold and leased back the majority of a two-building office portfolio in Red Bank, brokers with Newmark Knight Frank announced last week.

Office
WCRE: Solar firm takes 6,300 sq. ft. in Cherry Hill

A solar panel manufacturer has leased more than 6,300 square feet at a Cherry Hill office park, under a newly announced transaction by Wolf Commercial Real Estate.

Office
NAI Hanson: Hampshire inks sale of 8,000 sq. ft. office building near Morristown

The Hampshire Cos. has sold a roughly 8,000-square-foot office building in Harding Township, under a newly announced transaction by NAI James E. Hanson.

Professional Services
Commercial real estate clients have helped fuel growth of Red Bank branding, marketing firm

Splendor Design Group will celebrate its 20th anniversary in business in August — and it has grown in recent years thanks in large part to the commercial real estate sector. Five years ago, Taylor said, real estate companies accounted for 20 percent of its total clientele. Today, 60 percent of its customer roster comes from commercial real estate — with clients including SJP Properties, Onyx Equities, Langan and J&L Cos. Those clients have turned to Splendor Design for a major injection of energy into their branding and marketing efforts.

Government & Public Policy
Financial services firm eyes 215,000 sq. ft. lease, with help of expiring tax credit program

A financial services firm has proposed leasing more than 215,000 square feet in Morris County with the help of a 10-year, $22.2 million tax credit under the state’s expiring incentive programs, as lawmakers gathered this week to consider an extension of the subsidies.

Office
Mack-Cali withdraws four board nominations, ceding victory to Bow Street

Four directors at Mack-Cali Realty Corp. opted Wednesday to not stand for re-election, clearing the way for a dissident investor group to take control of four seats on the company’s board.

Residential & Mixed Use
Developers unveil new apartments at iconic New Jersey Bell building in Newark

An investment group has largely completed its conversion of the former New Jersey Bell tower in Newark, marking the restoration of a historic landmark and the addition of new market-rate and affordable housing options to the city’s downtown.