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.

People
Larken names new director of finance

Larken Associates has hired a veteran accounting manager as its new director of finance.

Finance & Capital Markets
JLL inks $148 million loan for sale of 1.5 million sq. ft. office portfolio in Morris County

An investment group has secured nearly $148 million in financing for its recent purchase of 10 office buildings in Parsippany and Madison, in a transaction arranged by JLL.

Office
SJP completes build-out for new Life Time co-working space in Bridgewater

SJP Properties is touting the debut of a new co-working space in Bridgewater, the latest addition to its 1.2 million-square-foot Somerset Corporate Center campus.

Office
Ad agency buys Collingswood office building for $600,000

An advertising firm is relocating to Collingswood after acquiring a 5,000-square-foot office building in the borough, in a transaction arranged by Markeim Chalmers Inc.

Office
Banking giant inks 20-year, 150,000 sq. ft. renewal in Jersey City, as landlord launches $10 million building upgrade

In a time of uncertainty for the office sector, many landlords and tenants have stayed bullish on the need for a physical workplace. Look no further than one of Jersey City’s tallest commercial buildings — and the French banking giant that has called it home for nearly 15 years.

Government & Public Policy
Jersey City breaks ground on $120 million public safety headquarters

Construction is underway on a new $120 million public safety headquarters in Jersey City, the latest piece of a growing municipal district in one of the city’s historic neighborhoods.

Office
WCRE inks sale of 33,000 sq. ft. office building in Marlton

An office building in the Marlton section of Evesham is under new ownership, following a transaction arranged by Wolf Commercial Real Estate.

Roundtable
What is a lesser-known need, issue or concern when preparing for a post-COVID workplace? 

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.

Office
Somerset Development inks renewal, expansion among newest leases at Bell Works

Somerset Development has secured a renewal and expansion with a communications testing firm, in the largest of four new leases at its flagship Bell Works complex in Holmdel.

Residential & Mixed Use
Developer launches site work, proceeds with adaptive reuse of historic Paterson complex

A developer is moving ahead with a sweeping adaptive reuse plan in Paterson, where it hopes to transform a historic industrial complex into a destination for residents and businesses.