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
CBRE tapped as leasing agent at new-look Piscataway office building

The owner of a newly renovated, 138,000-square-foot office building in Piscataway has retained CBRE as the property’s leasing agent.

Deals
NAI Hanson inks sale of mixed-use building in Netcong

An investor has acquired a 2,100-square-foot mixed-use building in Morris County, under a newly completed transaction by NAI James E. Hanson.

Office
Wealth manager, IT consultant take 9,200 sq. ft. in East Hanover

Two tenants have combined to lease 9,200 square feet of office space in Morris County, under a newly announced transaction by Sheldon Gross Realty.

Office
NKF: New Jersey office market stalls in Q2 as tenants grapple with COVID crisis

Office leasing in New Jersey slowed significantly in the second quarter, with renewals and extensions accounting for most of the activity as tenants navigated the coronavirus crisis.

Office
Investor buys Mount Laurel office campus, its latest New Jersey acquisition

An investment firm has acquired a four-building, 234,563-square-foot office campus in Mount Laurel, with plans to rebrand and upgrade at the property as it looks to attract new tenants.

Office
Larken, dermatology practice ink 1,300 sq. ft. lease in Parsippany

Larken Associates has completed a 1,343-square-foot lease in Parsippany with a growing dermatology practice.

Event Coverage
United Way event features media icon Forbes, honors high-profile Warren office deal

The United Way of Northern New Jersey hosted its annual fundraiser with the commercial real estate industry, which featured an interview with media icon Steve Forbes and the presentation of its Impact Award to one of the state’s most high-profile office deals of 2019.

Editor’s Note
In spite of it all

It was a busy spring, surprisingly so, and I know many of you would agree. I’ve seen it firsthand in the lease and sale announcements that have continued to hit my inbox these last three months, with many of them offering praise to the parties involved for getting the deal done in the midst of “challenging economic times” or “uncertain market conditions.” I know full well that much of the industry is still hurting. We won’t lose sight of that. But we will take the opportunity to highlight some of the positive things that are happening in spite of the pandemic.

Finance & Capital Markets
Princeton office building owner lands $20 million refi, C&W says

The owner of a Princeton-area office building is refinancing the property for nearly $20 million, under a transaction arranged by brokers with Cushman & Wakefield.

Health Care & Education
JLL: Biologics firm takes 68,000 sq. ft. at Cranbury manufacturing facility

A pharmaceutical company has signed a full-building, 68,000-square-foot lease at a clinical manufacturing facility in Cranbury, brokers with JLL announced Friday.