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
Hospice operator leases 3,700 sq. ft. in Cherry Hill

A hospice provider has taken nearly 3,700 square feet of office space in Cherry Hill, under a newly announced transaction by Rose Commercial Real Estate.

Office
WCRE: Insurance network takes 3,200 sq. ft. in Haddon Heights

The owner of a Haddon Heights office building has leased 3,200 square feet to a network of insurance agencies, brokers with Wolf Commercial Real Estate announced.

Office
HFF inks sale of 178,000 sq. ft. office building in East Hanover

A private equity group has acquired a recently upgraded, 178,000-square-foot office building in East Hanover, in a transaction arranged by brokers with HFF.

Office
Denholtz, home care provider sign 8,000 sq. ft. lease in Hamilton

A home care provider has leased more than 8,000 square feet at a Hamilton office building, bringing the property to full occupancy less than a year after it changed hands.

Office
JLL: Wealth management, payroll firms take space at Cherry Hill office park

A newly upgraded, three-building office park in Cherry Hill is nearly full after two recent leases totaling nearly 45,000 square feet, brokers with JLL announced this week.

Government & Public Policy
EDA: Online marketplace for dog breeders, owners considers Jersey City call center

An online marketplace for dog breeders and owners is weighing plans for a new call center in Jersey City, having won approval for a 10-year, $4 million state tax credit incentive.

Office
Hackensack medical office building inks new leases with eye care, dental practices

A newly updated medical office building in Hackensack is nearly full after recent transactions with an eye care chain and a growing dental practice.

Government & Public Policy
EDA approves $40 million tax credit to bring nonprofit to Camden

The state has approved a 10-year, $39.6 million tax credit package aimed at luring a Pennsylvania-based nonprofit to Camden, where it would build a new waterfront office building and create nearly 170 jobs not currently in the state.

Office
C&W: Ricoh takes 56,000 sq. ft. at upgraded Parsippany office building

Electronics and printer products maker Ricoh USA is moving to a revamped office building in Parsippany, under a nearly 56,000-square-foot lease announced by Cushman & Wakefield.

Policy Page
We’ve heard this story before — it’s time for a different ending

Gov. Phil Murphy will give his budget message to the Legislature on Tuesday, March 5. As the voice of the commercial real estate development industry in New Jersey, NAIOP’s attention will be focused on the messaging that emanates from Trenton. Given the headlines over the last several months, we are rightly concerned about the state’s fiscal health and its ability to withstand a recession, which is all but certain by 2020.