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.

Top News
Bell Works details reopening plan, safety measures after COVID shutdown

Somerset Development has unveiled its plan to reopen its flagship Bell Works complex in Holmdel, providing a roadmap for office and retail tenants that were forced to leave as the COVID-19 crisis escalated in early spring.

Office
AIG sells 471,000 sq. ft. Metropark office building for $140 million, C&W says

Insurance giant AIG has sold a 470,692-square-foot office building in Woodbridge for $140 million, in a transaction announced Friday by Cushman & Wakefield.

Finance & Capital Markets
JLL: Developer lands $116 million construction loan for Montvale redevelopment

A large mixed-use development at the site of the former Mercedes-Benz campus in Montvale is moving ahead with the help of a $116 million construction loan, according to brokers with JLL.

Health Care & Education
Holy Name pulmonary group inks new 2,700 sq. ft. lease in North Bergen

An area health care system has signed a new lease for medical office space in Hudson County, committing to 2,700 square feet for a pulmonary and internal medicine practice.

Office
Parsippany: NAI Hanson inks 2,200 sq. ft. lease with home care provider

A home care provider has leased more than 2,200 square feet of office space in Parsippany, under a transaction arranged by NAI James E. Hanson.

Office
New owner of Bedminster office complex picks Colliers as leasing agents

The recent buyer of a two-building, 194,000-square-foot office complex in Bedminster has tapped Colliers International as its leasing agent for the property.

Office
Cognizant relocates, signs new lease within Sanzari’s Glenpointe campus

Alfred Sanzari Enterprises has completed a new 36,000-square-foot lease with a global IT services company, a longtime tenant at its flagship Glenpointe campus in Teaneck.

Office
C&W tapped as leasing agent at 230,000 sq. ft. office campus in Florham Park

Brokers with Cushman & Wakefield have taken over as the leasing agents at a recently updated, 230,000-square-foot office complex in Florham Park.

Professional Services
Walsh Co. adds project manager to construction team

The Walsh Co. has added a longtime New Jersey construction professional to its growing team.

Residential & Mixed Use
City native spearheading long-awaited redevelopment at Elizabeth transit site

A new mixed-use building will bring 267 upscale apartments and 36,000 square feet of office, restaurant and retail space to the corner of Union and West Grand streets in Elizabeth, the site of a long-vacant redevelopment parcel near an NJ Transit train station.