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.

Professional Services
NAI Mertz adds sales associate at Mount Laurel headquarters

NAI Mertz has hired a new broker as the latest addition to its Mount Laurel office.

Office
Gateway 2.0: Inside the overhaul of Newark’s landmark office complex

Led by Onyx Equities, the redesign of Newark’s Gateway Center will transform the complex’s streetscape and busy pedestrian concourse, but the project is equally tied to improving the buildings’ long-neglected mechanical infrastructure.

Office
SJP, Oracle ink 17,000 sq. ft. lease at Bridgewater campus

Technology giant Oracle is relocating to SJP Properties’ five-building, 1.2 million-square-foot office campus in Bridgewater, where it’s leasing 17,000 square feet for a local field office.

Top News
CBRE inks $123 million sale of Hackensack office campus, touts year-end flurry

A joint venture has sold a well-known office complex in Hackensack for $123 million, in the largest of four year-end investment sales in New Jersey by CBRE’s institutional properties team.

Finance & Capital Markets
Progress sources $85 million loan for Bronx historic rehab project

The owners of a refurbished historic warehouse building in the Bronx have refinanced the property for $85 million, under a newly announced transaction by Progress Capital.

Industrial
AY: Prologis, visual communications firm renew 107,000 sq. ft. lease in Carlstadt

Prologis Inc. and a visual communications firm have renewed and extended a nearly 107,000-square-foot lease in Carlstadt, under a newly announced transaction by Avison Young.

Retail
Bed Bath & Beyond completes $250 million sale-leaseback that includes stores, industrial space

Bed Bath & Beyond Inc. has completed a $250 million sale-leaseback agreement spanning more than 2 million square feet of commercial space, in a step aimed at stabilizing the finances of the Union-based retailer.

Professional Services
Lee & Associates expands, adds Morris County-based broker

Lee & Associates has added a veteran broker to its New Jersey team, with an eye toward gaining a greater foothold in Morris and Essex counties.

Office
CPN inks sale of Lawrenceville office building, one of three new Mercer County deals

The owner of a medicine and spa facility has acquired a 9,500-square-foot office building in Lawrenceville, in one of three recent transactions by Commercial Property Network.

Health Care & Education
Rose Commercial inks sale of 7,100 sq. ft. medical office building in Burlington Co.

An investment group has acquired a medical office building in Burlington County for nearly $900,000, in a newly completed transaction by Rose Commercial Real Estate.