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
Florham Park: Biotech firm set to begin move to new 147,000 sq. ft. headquarters

A biotechnology company is consolidating its headquarters, manufacturing and research and development functions as part of a new full-building, 147,215-square-foot lease in Florham Park.

Office
Gloucester Co. medical office building trades for $525,000

A dental practice has sold its longtime home in Gloucester County, a 7,350-square-foot medical office building, under a newly announced transaction by Rose Commercial Real Estate.

Office
Law firm moving headquarters to Paramus, inks 42,000 sq. ft. lease

A major New Jersey law firm is moving its headquarters to Paramus, under a newly announced, 42,000-square-foot lease arranged by JLL.

Government & Public Policy
Biotech firm, weighing 90,000 sq. ft. HQ in Plainsboro, wins EDA tax credit approval

The state has approved a 10-year, $12.8 million tax credit package to encourage a biotechnology company to expand in Mercer County, with the potential to take 90,000 square feet at a former Bristol-Myers Squibb headquarters campus in Plainsboro.

Office
South Jersey office market holds steady in Q1, WCRE says

The southern New Jersey office market saw modest gains to start the year, recording nearly 375,000 square feet of leasing volume in the region’s three most active counties.

Professional Services
Longtime restaurateur joins NAI Mertz sales team

NAI Mertz has made another addition to its fast-growing brokerage team, hiring a sales associate with a focus on expanding its retail platform.

Office
Insiders: New Jersey has only scratched the surface in co-working, flex office space sector

The country’s largest cluster of co-working and flexible office space is only just across the Hudson River, but the fast-growing industry is still largely absent from New Jersey. Experts say that is due to change — and it’s only a matter of time.

Office
Rose Commercial inks office 2,700 sq. ft. sale in Marlton

A longtime tenant of a 2,700-square-foot office building in Marlton has acquired the property, under a $450,000 sale arranged by Rose Commercial Real Estate.

Retail
Hampshire, Pinnacle win approvals to revive Montclair’s Lackawanna Plaza

Local officials have cleared the way for a joint venture to restore and reposition a century-old train station and retail plaza in Montclair, where the firms now hope to deliver more than 200,000 square feet of new commercial and residential space.

Office
NKF: Life sciences deals in Florham Park, Bridgewater lead Q1 office leasing

Two life sciences companies have taken a combined 215,000 square feet in Morris and Somerset counties, accounting for New Jersey’s largest new office leases during a positive first quarter.