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.

Retail
National fitness studio chain joins Bell Works retail

A boutique fitness studio has joined the tenant mix at Bell Works in Holmdel, leasing more than 2,000 square feet within the complex’s indoor pedestrian plaza.

Office
WCRE: Nonprofit taking 2,450 sq. ft. in downtown Haddonfield

A nonprofit has leased 2,450 square feet at a Haddonfield office building, under a transaction brokered by Wolf Commercial Real Estate.

Professional Services
Real estate attorney joins GH&C

Giordano, Halleran & Ciesla P.C. has added to its real estate practice with one of its most recent hires.

Office
Teva moving to Parsippany from Pennsylvania, Murphy says

Teva Pharmaceuticals will move its U.S. headquarters to Parsippany from Pennsylvania, Gov. Phil Murphy said Thursday, bringing nearly 850 jobs and a commitment to occupy nearly 350,000 square feet.

Office
NKF: Large deals fuel Q2 surge for New Jersey office market

Despite new blocks of space hitting the market, New Jersey saw a long-overdue surge of large office leases in the second quarter — with signs that more are on the way.

Office
CBRE brokers three offices leases in Florham Park

Three tenants have leased more than 20,000 square feet at a Florham Park office complex, real estate services firm CBRE said Wednesday.

Office
Newark’s construction boom is bolstered by a long-awaited change in perception, CBRE says

Experts say Newark is enjoying not only a surge of new private-sector investment, but also a level of interest that is helping to break the stigma that has plagued it for decades.

Professional Services
Denholtz announces promotion in leasing department

A member of Denholtz Associates’ leasing team has earned her latest promotion during nearly a decade with the company.

Health Care & Education
Medical office building is Saxum’s latest acquisition in Madison

Saxum Real Estate has closed on its second property in Madison, acquiring a 19,700-square-foot medical office building in the borough’s downtown.

Policy Page
Office market conundrum: improving economic indicators amidst minimal absorption

Experts see a significant conundrum in the office market, as every economic indicator used to forecast absorption performed at or above the forecast level. Further, closely related macroeconomic variables — such as office-using employment — grew steadily, meaning that more office employees were added without much corresponding space leased over the previous six months. While the first quarter reading of just 1.3 million square feet absorbed may be a one-time anomaly, it cannot be ruled out that a structural shift in the office space market has occurred or is occurring.