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
Blau & Berg inks sale of 1,000 sq. ft. Montclair office property

An investor has acquired a 1,000-square-foot office building in Montclair, in a newly announced transaction by The Blau & Berg Co.

Retail
Lee & Associates inks sale of bank ground lease, office building in Chatham

An investor has paid $4.1 million to acquire a TD Bank ground lease in downtown Chatham, in one of several newly completed transactions by Lee & Associates New Jersey.

Office
Biopharma firm leases 9,400 sq. ft., moves to Florham Park office complex

A biopharmaceutical company is leasing more than 9,000 square feet as part of a move to a Florham Park office campus, in a newly announced transaction by The Garibaldi Group.

Professional Services
Avison Young marks completion of Glen Ridge medical office building

Avison Young is touting the completion of a new medical office building in Essex County, following a recent unveiling by a development team and health care leaders.

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.