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
WCRE: Partnership sells 8,700 sq. ft. Cherry Hill office building

Investors have sold an 8,700-square-foot office building in Cherry Hill after having owned it for a decade, in a newly announced deal by Wolf Commercial Real Estate.

Office
Edison office condo trades for $450,000, BRC says

A physician has sold a nearly 1,900-square-foot office condominium in Edison for $450,000, in a newly announced deal by Bussel Realty Corp.

Deals
Vantage Commercial inks sale of Woodbury commercial property

A partnership has sold a nearly 900-square-foot commercial building in the Gloucester County city of Woodbury, in a newly announced deal by Vantage Commercial.

Office
McKinsey unveils new office in Newark after high-profile move to Edison’s Ironside building

McKinsey & Co. has opened the doors to its new office in Newark, where it will house some 700 employees after a high-profile move to the landmark Ironside Newark property.

Current Issue
Owners Council Q&A: Katie Kurtz

In many property types, the market remains at somewhat of a standstill, with the high cost of capital making desired return metrics hard to hit. However, the strength of the multifamily and industrial sectors allows smart investors to transact. The promise of further rate cuts does bring reasons for optimism. Predicting the exact industry response is challenging though, as it will take time for the market to adjust to the new rates and benchmarks before transaction volume picks up.

Top News
Trump picks longtime construction, project executive Walsh as ambassador to Ireland

President-elect Donald Trump has named Ed Walsh, a veteran construction executive and well-known figure in New Jersey commercial real estate, as the next U.S. ambassador to Ireland.

Retail
Bell Works to welcome indoor pickleball venue alongside growing retail, service roster

An indoor pickleball venue is coming to the sprawling Bell Works campus in Holmdel, joining several other new additions to the property’s fast-growing tenant mix.

Health Care
North Jersey Physical Therapy takes 1,800 sq. ft. near Morristown, Sheldon Gross says

A physical therapy practice has leased nearly 1,800 square feet at a medical office building outside Morristown, in a transaction arranged by Sheldon Gross Realty.

Health Care
NAIDB: Health care users combine for 20,000 sq. ft. in Central Jersey office deals

Three health care tenants have signed leases in Bridgewater and South Plainfield as part of a series of newly announced office deals by NAI DiLeo-Bram & Co.

Office
Cushman named leasing agent for 149,000 sq. ft. flex office campus in Warren

The owner of a nearly 149,000-square-foot flex office campus in Warren has retained Cushman & Wakefield as the property’s leasing agent.