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
NAI Hanson: Yarn distributor relocates, takes 2,900 sq. ft. in Wayne

A yarn distributor has agreed to lease nearly 3,000 square feet at a Wayne office building, seeking to upgrade its space as part of a move from nearby Paterson.

Office
NKF: Pharma, health care, tech firms could drive post-COVID office demand in New Jersey

The office market may be facing a new normal, but tenants in the life sciences, health care and technology sectors are best-positioned to drive demand in the wake of COVID-19.

Office
Colliers: Piscataway office complex sells for second time in four years, doubling sale price

A private equity group has sold a Piscataway office complex for nearly $24 million, more than doubling the price it paid to acquire the property in 2016.

Office
Investor sells Clark office building for $13 million, Marcus says

A private investor has reaped more than $13 million from the sale of a Clark office building, in a deal that comes less than two years after it acquired the five-story property.

Office
Investment group sells two-building office complex in Berkeley Heights

An investment firm has sold a nearly 303,000-square-foot office complex in Berkeley Heights, under a newly announced transaction by JLL.

Office
Marketing, communications agency renews at Bridgewater office building

A marketing and communications firm has renewed its lease at a Bridgewater office building, under a newly announced transaction by NAI James E. Hanson.

Finance & Capital Markets
Investors eye buying, selling opportunities despite COVID challenges

Commercial real estate still holds opportunities for both sellers and investors — including those in New Jersey — provided they can navigate the challenges of the COVID-19 crisis. That was the message from experts who gathered for a virtual panel discussion on the state of capital markets in the Garden State and elsewhere.

Office
CBRE named co-subleasing agent at Bridgewater office campus

CBRE has landed a new assignment as the co-subleasing agent for a three-building, 674,000-square-foot office campus in Bridgewater.

Office
Cherry Hill office tenant signs 5,500 sq. ft. renewal

A tenant at a Cherry Hill office building has renewed its 5,500-square-foot lease, according to brokerage firm Rose Commercial Real Estate.

Government & Public Policy
Murphy taps developers, industry leaders economic recovery council

Gov. Phil Murphy has tapped more than three dozen development executives, labor leaders and other industry professionals as part of a new council to help restart New Jersey’s economy.