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
Three tenants take 83,000 sq. ft. at Ridgefield Park office building

Three companies have joined the roster at a 310,000-square-foot office building in Ridgefield Park, where they have signed a total of more than 83,000 square feet.

Health Care & Education
WCRE touts 4,200 sq. ft. medical office lease in Cherry Hill

A health care services company has leased more than 4,000 square feet at a medical office building in Cherry Hill, under a deal arranged by Wolf Commercial Real Estate.

Office
Tenants wanted for 20,000 sq. ft. Morristown office building

The new owner of a 20,000-square-foot office building in downtown Morristown has hired Transwestern as its leasing agent.

Top News
Panepinto donates $10 million to Saint Peter’s, its largest-ever gift

Developer Joseph A. Panepinto has donated $10 million to Saint Peter’s University, marking the largest-ever philanthropic gift to the Jersey City school in its nearly 150-year history.

Government & Public Policy
EDA to launch municipal planning grant program for ailing office, retail buildings

The state has taken a new step to support municipalities seeking to tackle the issue of vacant or underused commercial and retail properties in their towns, under a new planning grant program announced Thursday by the Economic Development Authority.

Office
Montvale office building sold, slated for conversion to medical

The buyer of a 14,000-square-foot office building in Montvale plans to convert the property to medical space, following a sale arranged by NAI James E. Hanson.

Industrial
JLL: Bordentown business park, development site fetch $19 million

An investment group has sold a two-building office and warehouse complex in Bordentown, in a $19 million sale arranged by JLL.

Finance & Capital Markets
Progress brokers $4.4 million loan for Irvington medical office sites

Progress Capital Advisors has secured more than $4 million for a client to refinance and upgrade two medical office properties in downtown Irvington.

Events
Home rule, redevelopment in focus at Rutgers forum

Commercial real estate leaders, policy experts and public officials gathered last month to tackle an all-too-familiar problem in New Jersey — rethinking the state’s suburban office parks and retail centers to position them for the economy of the future.

Office
Developer refis 79,000 sq. ft. office building for $8.8 million, HFF says

The owner of an office building in Eatontown has refinanced the property for $8.8 million, in a transaction arranged by brokers with HFF.