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.

Technology
EDA, Nokia Bell Labs to open new hub for commercializing research at New Brunswick’s HELIX campus

A new facility focused on commercializing scientific research is coming to the HELIX — the acclaimed campus under construction in downtown New Brunswick — under a partnership announced this week by state officials and Nokia Bell Labs, a future tenant at the site.

Office
JLL: Pharma, life sciences tenants still loom large in New Jersey after an active 2024

Life sciences companies accounted for nearly a third of all leases signed in New Jersey last year, showing the industry’s continued role in the state’s changing commercial real estate market.

Professional Services
Kislak recognizes top deals, performances of 2024 at annual sales awards

The Kislak Co. Inc. is celebrating four of its brokers for their achievements in 2024, touting their roles in the firm’s $500 million in overall sale and lease transactions for the year.

Finance & Capital Markets
Office-to-residential project with 40 units in Newark refis for $11 million, Eastern Union says

A developer has secured nearly $11 million in financing for a project that will convert an office building in Newark into 40 apartments, tenant amenities and commercial space.

Top News
Remembering Justin Gingeleskie, KRE Group’s longtime director of leasing, ‘a kind person and a true gentleman’

KRE Group and the Kushner family are mourning the loss of Justin Gingeleskie, its longtime director of leasing and a highly respected member of the state’s commercial real estate industry.

Office
JCP&L takes 58,000 sq. ft. at Tabor Road office building in Morris Plains

JCP&L has found a new headquarters in the region after agreeing to lease some 58,000 square feet in Morris Plains, marking the latest addition to a former Honeywell International campus.

Health Care
Concierge medical practice takes 1,100 sq. ft. in West Orange, NAI Hanson says

A concierge medical practice has leased more than 1,100 square feet of medical office space in West Orange, brokers with NAI James E. Hanson announced Thursday.

Industrial
MLB Network leases 207,000 sq. ft. at landmark Crow Holdings project in Elmwood Park

Crow Holdings Development has secured a tenant for its new 207,000-square-foot industrial building in Elmwood Park, announcing a lease with MLB Network that will bring the broadcast and content platform to the high-profile project along Interstate 80.

Professional Services
CBRE promotes Forcello to New Jersey market leader, senior managing director

Will Forcello has taken the reins as CBRE’s market leader in New Jersey, assuming the post after serving in an interim role since late last summer.

Industrial
Three-building, 20,000 sq. ft. flex portfolio in Matawan changes hands, Sheldon Gross says

A private business has acquired more than 20,000 square feet of commercial space across three buildings in Matawan, in a deal arranged by Sheldon Gross Realty and KBC Advisors.