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
Buyer wanted for 544,000 sq. ft. Parsippany office campus

A well-known office complex in Parsippany is on the market for sale, brokers with HFF said, touting the chance to make additional upgrades and lease up more than 180,000 square feet.

Finance & Capital Markets
Investors Bank touts $412 million in recent commercial loans

Investors Bank has closed on a $30 million loan to refinance a nearly 400,000-square-foot office park in Bloomfield, the largest among several newly announced transactions.

Office
MDC plans upgrades at 102,000 sq. ft. office building in Woodland Park

Mountain Development Corp. has announced plans to overhaul one of three buildings in a well-known office campus along Interstate 80.

Office
Chilmark named listing agent at Warren office building

The owner of a 110,000-square-foot office building in Warren has tapped Chilmark Real Estate Services as its listing agent.

Health Care & Education
St. Joseph’s inks 60,000 sq. ft. medical office lease in Totowa, Lee & Associates says

St. Joseph’s Health has leased 60,000 square feet of medical office space as part of an ongoing redevelopment plan in Totowa, brokers with Lee & Associates said Thursday.

Retail
Redeveloper of massive Sayreville site names new senior vice president, director

The developer of a planned 5 million-square-foot, $2.5 billion project at a long-dormant site in Sayreville has hired a new executive to oversee the effort.

Residential & Mixed Use
The S.Hekemian Group wins approval to redevelop Mercedes-Benz campus in Montvale

Local officials have cleared the way for a mixed-use, $150 million plan to redevelop the former Mercedes-Benz USA headquarters site in Montvale.

Government & Public Policy
Murphy details tax credit overhaul, unveils new legislation

With less than four weeks to go until New Jersey’s tax incentive programs expire, Gov. Phil Murphy on Wednesday unveiled a bill to establish new subsidies for developers and businesses that would include annual caps on awards and requirements tied to union labor.

Professional Services
Garibaldi hires recent grad as broker support analyst

The Garibaldi Group has continued its effort to bolster its sales team, announcing the addition of a new broker support analyst.

Office
Silverman eyes 110,000 sq. ft. office project above Morristown retail

A developer is planning more than 100,000 square feet of new office space in downtown Morristown, seeking to use the air rights above a set of existing retail properties.