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
KPMG confirms plans for Montvale office building

Accounting giant KPMG has announced its purchase of a 60,000-square-foot office building in Montvale, along with its plans to renovate the property as part of an expansion in the area.

Office
Mack-Cali: ‘Transformation’ coming to Jersey City footprint

Mack-Cali Realty Corp. plans to spend upwards of $75 million on the “transformation and reimagination” of its Harborside office complex in Jersey City, part of a sweeping effort to upgrade key commercial assets across its portfolio.

Office
Verizon expands to 200K sq.ft. at Eastman building in Livingston

Verizon Communications has renewed its lease and added to its already large footprint at a Livingston office complex.

Office
NAI Hanson orchestrates trade of Paterson commercial complex

Two office buildings and a nearby lot in Paterson have changed hands after a sale brokered by NAI James E. Hanson.

Office
Co-working space coming to 2 Gateway in Newark

The owners of 2 Gateway Center in Newark have carved out a new 2,000-square-foot co-working space, part of an effort to bring a diverse mix of uses to its bustling concourse.

Office
Normandy, Yeager tout new leases at Summit office building

Developers have brought an office building in downtown Summit to full occupancy within a year of acquiring and starting renovations on the 128,000-square-foot property.

Office
Cushman & Wakefield brokers $5.7M office sale in Montvale

A major accounting firm plans to renovate a 60,000-square-foot office building in Montvale after acquiring the property for $5.7 million, Cushman & Wakefield said.

Office
SJP Properties leases 115K sq. ft. to telecom solutions firm

SJP Properties has inked a new 115,000-square-foot lease with iconectiv, a data infrastructure and messaging solutions firm, at the developer’s Somerset Corporate Center in Bridgewater.

Finance & Capital Markets
Upgrades planned for historic Union City artist lofts complex

An investment and development firm has acquired the historic Silk Mill Lofts property in Union City, with plans to spend millions on upgrades in order to boost occupancy at the artist-work complex.

People
Perruna joins JLL to lead project and development services in N.J.

JLL has hired Christopher Perruna as a senior vice president to oversee its project and development services team in New Jersey, the real estate services firm announced.