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
HFF brokers sale of Parsippany office building

Lincoln Property Co. has acquired a 114,000-square-foot office property in Parsippany, in a deal brokered by HFF’s New Jersey office.

Office
New availabilities outpace Q1 demand in N.J. office market, researchers say

New Jersey’s two largest cities started the year with high-profile office deals, but consolidations have caused an uptick in vacant space for the regional leasing market in the state.

Industrial
IOREBA panel tackles changes and challenges in N.J. commercial real estate

No matter the asset class, commercial real estate in New Jersey is changing in a big way.

That was the message of industry leaders earlier this week as some 350 owners, brokers and other professionals gathered for the annual Developer’s Night hosted by IOREBA, or the Industrial and Office Real Estate Brokers Association.

Office
C&W seeking tenant for top floors at PSEG tower in Newark

The new owner of the Public Service Enterprise Group headquarters tower in Newark has kicked off $4 million in upgrades and is marketing five vacant floors atop the 26-story office building, according to brokers with Cushman & Wakefield.

Finance & Capital Markets
HFF brokers $124.5M loan for Mack-Cali acquisition in Short Hills

HFF has secured $124.5 million in financing for three properties in Short Hills that Mack-Cali Realty Corp. is acquiring as part of high-profile deal announced earlier this month.

Office
Denholtz plans upgrades at Somerset County office building

With occupancy at nearly 100 percent, Denholtz Associates has unveiled plans to upgrade a 54,600-square-foot office building in the heart of Somerset County.

Office
Health care tenant leases more than 3,300 sq. ft. in Cherry Hill, Mertz says

The owner of a Cherry Hill office building has landed its third new tenant in the past six months with the signing of a 3,310-square-foot lease, according to brokers with NAI Mertz.

Office
KBS touts 30K sq. ft. in renewals, new deals at Woodbridge office campus

By Joshua Burd KBS Realty Advisors has signed leases totaling nearly 30,000 square feet at its six-building, 632,000-square-foot office campus along Route 1 in Woodbridge, the company announced. The deals at Woodbridge Corporate Plaza include a 4,055-square-foot renewal with Biocon…

Professional Services
Family values: NAI Mertz has staked its claim in South Jersey, while keeping its nimble, ‘mom-and-pop’ feel over more than 35 years

NAI Mertz might be the largest independent commercial real estate brokerage in southern New Jersey, but Barry Mertz will never forget the company’s humble beginnings.

After all, working with his wife Faye is a daily reminder of how it all started.

Office
JLL: New Brunswick redevelopment has flexible design for tenants to ‘make a statement’

New Brunswick Development Corp. expects to begin site construction next month at a planned 1.7 million-square-foot redevelopment project in the heart of the Middlesex County seat.