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
NAI Hanson: IT firm takes 6,900 sq. ft. at Parsippany office building

A regional IT firm has leased nearly 7,000 square feet at a soon-to-be-renovated office building in Parsippany, brokers with NAI James E. Hanson said Wednesday.

Office
NRDC extends 90,000 sq. ft. lease with biopharma firm

A biopharmaceutical firm has extended the lease for its 90,000-square-foot headquarters and research and development facility in South Plainfield, its landlord announced Tuesday.

Office
UBS taps WeWork to redesign Weehawken office

UBS has hired WeWork to transform a large piece of its well-known U.S. wealth management headquarters along the Hudson River waterfront in Weehawken.

Retail
Fidelco welcomes new convenience store in downtown Newark

A well-known office complex in downtown Newark has a new addition for its tenants and other nearby users — a new Krauszer’s convenience store on its ground floor.

Office
NKF touts 65,000 sq. ft. in leasing at Bridgewater office building

A telecommunications equipment firm has leased 35,000 square feet at a Bridgewater office building, one of three new leases announced by brokers with Newmark Knight Frank.

Office
Colliers: New owner plans upgrades at Piscataway office building

A private investor has acquired a nearly 140,000-square-foot office building in Piscataway, following a sale brokered by Colliers International and the online platform Ten-X.

Office
Flemington medical office building fetches $3.3 million, Marcus says

A financial institution has sold a 33,000-square-foot office building in Flemington, under a nearly $3.3 million deal brokered by Marcus & Millichap.

Government & Public Policy
Incentive program enters final year, drawing concern from CRE sector

With the Grow New Jersey program set to expire in less than a year, the prospect of losing the incentive is already weighing heavily on the state’s commercial real estate market.

Office
Law firms recommit to Hasbrouck Heights office building, Sanzari says

Two law firms have renewed their lease at Heights Plaza, the 200,000-square-foot Hasbrouck Heights office building owned by Alfred Sanzari Enterprises.

Roundtable
Beyond retail and industrial, how has e-commerce impacted commercial real estate?

Beyond retail and industrial, how has e-commerce impacted commercial real estate? We assembled a panel of industry experts to tackle this month’s question.