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
Vision Real Estate, PCCP detail acquisition of J&J site in Morris County

A joint venture has closed on its purchase of a former Johnson & Johnson campus in Morris Plains, where it’s planning a redevelopment anchored by an existing Class A office building.

Office
JLL named leasing agent for One Gateway in Newark

The owners of One Gateway Center in Newark have hired JLL as the leasing agent for the 26-story office tower, less than a month after announcing plans to reposition the property.

Professional Services
Architecture firm touts flurry of new hires in New Jersey, continuing growth

A Hamilton-based design and planning firm has continued its expansion with eight new hires.

Office
Saxum adds to portfolio in downtown Red Bank

Investment and development firm Saxum Real Estate has acquired another building in downtown Red Bank, with plans to reposition and rebrand the property as additional boutique office space.

Finance & Capital Markets
SJP, PGIM refinance Bridgewater building for $32.5 million, JLL says

Brokers with JLL have secured a $32.5 million loan for SJP Properties and PGIM Real Estate to refinance a 325,000-square-foot office building in Bridgewater, the real estate services firm said.

Office
Mack-Cali inks 130,000 sq. ft. lease in Woodbridge with insurance provider

A growing insurance company has leased more than half of a Mack-Cali Realty Corp. building in Woodbridge, bringing the 200,000-square-foot property to full occupancy.

Events
SIOR New Jersey honors top office, industrial deals of 2017

Many of the state’s top commercial brokers gathered recently for an annual event hosted by the Society of Industrial and Office Realtors, where the organization recognized some of the Garden State’s top deals of 2017.

Office
Colliers: Piscataway office building sold for $10 million

A private investor has acquired an 89,000-square-foot office building in Piscataway, under a $10 million deal announced Thursday by Colliers International.

Professional Services
NKF adds 35-year veteran to New Jersey brokerage team

A veteran broker has joined Newmark Knight Frank as an executive managing director in New Jersey.

Office
Delivering data: In his latest venture, Black seeks to offer a user-friendly directory for brokers

Four decades after founding Black’s Guide, Jim Black has launched a new online platform that allows users to search, sort and compile lists from a database of nearly 2,000 commercial brokers in New Jersey, allowing fellow agents to reach a specific audience as they market their properties. With contact information from more than 300 brokerage firms, Black sees an opportunity to once again be a resource for the industry.