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
IT services firm agrees to buy former Merck HQ in Readington, plans fall closing

The long-awaited sale of the massive Merck & Co. property in Readington is slated to close this fall, following the news that a California-based IT services firm has agreed to purchase the site.

Government & Public Policy
Amazon HQ2: Newark council approves $2 billion incentive package

Newark city officials have formalized a $2 billion incentive package meant to attract Amazon’s second headquarters project, one that could also be used to lure other companies that would deliver a similar economic impact.

Office
KRE launches upgrades at Bridgewater office building, C&W says

Kushner Real Estate Group has started renovations at a 140,000-square-foot office building in Bridgewater, with a focus on adding new amenities and collaborative spaces to the property.

Office
Sanzari: Housewares seller leases 3,300 sq. ft. in move to Hasbrouck Heights

A housewares wholesaler has leased 3,300 square feet at Heights Plaza, the 200,000-square-foot Hasbrouck Heights office building owned by Alfred Sanzari Enterprises.

Health Care & Education
Hampshire, Circle Squared break ground on medical offices in Essex County (SLIDESHOW)

A development team has broken ground on a long-awaited medical office building on the border of Montclair and Glen Ridge, with the goal of expanding the footprint and services of the nearby Mountainside Medical Center.

Professional Services
CBRE adds to New Jersey project management team

CBRE has hired a new senior project manager in New Jersey.

Office
JLL inks four leases at One Newark Center for 68,000 sq. ft.

Four tenants have combined to lease nearly 68,000 square feet at One Newark Center, the 423,000-square-foot office tower in downtown Newark, including the iconic top-floor space that was the longtime home of The Newark Club.

Office
Investors plan new chapter for historic Camden office building

A building in downtown Camden that was once the epicenter of recorded music is now poised to become Class A office space, under a plan to restore the historic property while honoring its past.

Office
Ramsey office park fetches $10.8 million, C&W says

A private owner has sold an 11-building, 78,000-square-foot office park in Ramsey, in a sale arranged by brokers with Cushman & Wakefield.

Office
Paramount acquires 51,000 sq. ft. Newark property

Paramount Assets has added to its Newark portfolio with the acquisition of more than 50,000 square feet of commercial space in the city’s University’s Heights section.