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 brokers sale of Voorhees office building

A nearly 75,000-square-foot office building in Voorhees has changed hands, following a deal announced recently by Wolf Commercial Real Estate.

Government & Public Policy

EDA takes formal steps to support New Brunswick redevelopment site

State officials and the New Brunswick Development Corp. will begin efforts to strategize and craft a financial model for a redevelopment site in New Brunswick, where Gov. Phil Murphy has called for creating a campus for research and innovation.

Retail

Pierson named leasing agent for Ironside Newark retail space

Edison Properties has tapped Pierson Commercial to lease and market the retail space at Ironside Newark, its mixed-use redevelopment of a historic warehouse in the city.

Office

Magazine names Bell Works ‘most iconic’ building in New Jersey

The complex now known as Bell Works has earned another national distinction — being named the most iconic building in New Jersey by Architectural Digest magazine.

Office

Somerset office building trades for $6.8 million, Zimmel says

Denholtz Associates has sold a newly renovated, 83,300-square-foot office building in the Somerset section of Franklin, in a $6.8 million deal brokered by Zimmel Associates.

Trend Watch

Vintage office inventory poised for upgrades

In early 2018, throughout the Northern and Central New Jersey office market, nearly 38.0 million square feet of direct and sublet space was marketed for lease. Buildings constructed since 2010 comprised less than 1.0 percent of the available space, as office occupiers gravitated towards newer product. An empty construction pipeline will challenge tenants seeking modern work environments prompting owners of vintage inventory to invest in improvements and upgrades that fulfill tenant requirements.