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
Financial services firm sells Voorhees office building, signs new lease

A financial services firm has sold its Voorhees office building and moved into leased space at a nearby business park, in a set of transactions arranged by Colliers International.

Office
Risk management firm inks 5,700 sq. ft. lease in Mount Laurel, WCRE says

A risk management business for fleet operators has leased nearly 6,000 square feet of office space in Mount Laurel, in a newly completed transaction by Wolf Commercial Real Estate.

Office
Landlords continue right-sizing, refreshing office stock, as state incentives question looms large

With 2020 underway, owners of New Jersey office buildings are closely watching Trenton to see if the state will pass new tax incentives to attract employers. That’s one of the key issues and trends likely to drive the office market this year, according to interviews with brokers and landlords. In fact, observers say the fate of tax incentives will have more impact on New Jersey’s office market than the presidential election.

Professional Services
CBRE announces promotion, names new director of New Jersey project management

CBRE has promoted a member of its New Jersey project management team to director of the practice, the commercial real estate services firm announced Thursday.

Office
Vision, insurance agency ink 6,600 sq. ft. lease at updated Parsippany office building

An insurance firm has leased nearly 7,000 square feet at a Parsippany office building, one of the latest suburban properties to be upgraded and modernized by Vision Real Estate Partners.

Office
Security firm leases 2,200 sq. ft. in Hasbrouck Heights, Sanzari says

A security services company is taking 2,200 square feet of office space in Hasbrouck Heights, under a newly completed transaction with Alfred Sanzari Enterprises.

Professional Services
Resource Realty announces two new SIOR members

Two brokers with Resource Realty are among the newest members of the Society of Industrial and Office Realtors’ New Jersey chapter.

Government & Public Policy
Developer, local officials offer vision for $500 million project in East Brunswick

A developer on Tuesday joined local officials in East Brunswick to present their vision for a $500 million redevelopment plan in the township, seeking to transform more than 40 acres of aging and underutilized retail property along the busy Route 18 corridor.

Office
Tenants lease 28,000 sq. ft. at new-look office building in Bernardsville, Zimmel says

Seven tenants have combined to lease more than 28,000 square feet at a newly renovated office building in Bernardsville, according to brokers with Zimmel Associates.

Projects
NAI DiLeo-Bram taps Simon as chief operating officer

Industry veteran David A. Simon has joined NAI DiLeo-Bram & Co. as chief operating officer, signaling the brokerage firm’s plans to grow its footprint and gain market share in New Jersey.