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
JLL: Volkswagen U.S. renews for 12,000 sq. ft. in Woodcliff Lake

Volkswagen’s U.S. subsidiary has renewed its 12,000-square-foot lease at a Woodcliff Lake office building, under a lease announced this week by brokers with JLL.

Professional Services
Simon joins new brokerage firm as head of New Jersey operations

B6 Real Estate Advisors, the new brokerage firm launched by Paul J. Massey Jr., has named industry veteran David A. Simon as its top executive in New Jersey.

Professional Services
Colliers names new market leader in New Jersey

Colliers International has tapped a veteran broker and manager as the new leader of its New Jersey offices.

Finance & Capital Markets
Wilcox brokers $7.2 million refi for Bloomfield office building

The owner of a well-known office building in downtown Bloomfield has refinanced for $7.2 million, in a transaction arranged by G.S. Wilcox & Co.

Professional Services
Weichert hires new vice president in Edison office

Weichert Commercial Brokerage Inc. has added to its team with the hiring of a new vice president.

Retail
Monmouth County retail, office center trades for $4.4 million

An investor has acquired a 52,000-square-foot commercial property in Howell for nearly $4.5 million, brokers with The Kislak Co. Inc. said Monday.

Finance & Capital Markets
NKF New Jersey team touts 155,000 sq. ft. office sale in Long Island

Brokers in Newmark Knight Frank’s northern New Jersey office have completed the sale of a 10-building, 155,000-square-foot office park in Long Island.

Office
Prism gains full approvals, expects to begin Morristown office project

Prism Capital Partners is set to begin construction on a plan to modernize and add two stories to an office building in downtown Morristown, bringing a much-needed infusion of high-end space.

Professional Services
Real estate investor joins Newmark as sales associate

Newmark Associates has hired a longtime real estate investor as one of the newest members of its sales team.

Office
Morristown office building sold for $5 million

A nonprofit has reaped $5 million from the sale of its 20,000-square-foot office building in downtown Morristown.