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
Warren flex building trades for $3.9 million, Lee & Associates New Jersey says

A nearly 40,000-square-foot flex commercial building in Warren has changed hands for $3.9 million, following a transaction arranged by Lee & Associates New Jersey.

Office
Saxum, Becker sell repositioned boutique office building in Montclair

Saxum Real Estate has announced the sale of a boutique office building in Montclair, following a multiyear effort to renovate and lease up the property with a joint venture partner.

Office
Investment firm acquires 110,000 sq. ft. Princeton-area office building

An investment firm has continued its northward expansion in the state with its purchase of a two-building, 110,000-square-foot office complex in the Princeton submarket.

Health Care & Education
Developers eye plans for 3 million sq. ft. life sciences, tech hub in Jersey City

A joint venture is detailing plans for a 3 million-square-foot, mixed-use campus in Jersey City that it says will be a hub for life sciences, technology and medicine just outside Manhattan.

Office
Mack-Cali sells 843,000 sq. ft. Short Hills office portfolio to Birch Group for $255 million

Mack-Cali Realty Corp. has sold four office buildings in Short Hills for $255 million, in a deal that marks another addition to the buyer’s fast-growing portfolio in New Jersey.

Office
Consulting firm inks lease to move to historic Trenton complex

A consulting firm is moving its headquarters to a historic industrial campus in Trenton, marking a milestone for the city and for the developer that is repurposing the property.

Office
Sanzari signs three renewals for 25,000 sq. ft. at Teaneck campus

A real estate firm has renewed and expanded to 10,600 square feet of office space in Teaneck, in the largest of three newly announced transactions by Alfred Sanzari Enterprises.

Office
SJP names new senior vice president for leasing, marketing

SJP Properties has named a new senior vice president to help grow the firm’s office portfolio, tenant roster and third-party construction and project management business in the region.

Office
Psychiatry group inks 2,500 sq. ft. office lease in Cherry Hill, WCRE says

A psychiatry practice has leased 2,500 square feet of office space in Cherry Hill, under a transaction arranged by Wolf Commercial Real Estate.

Health Care & Education
New Jersey needs turnkey lab space, faster approvals to compete for life sciences users

Experts say New Jersey faces a growing challenge: While it’s still a major draw for pharmaceutical research and development, speed to market has become increasingly important to life sciences users. That means the state’s lack of move-in-ready lab space — and its lengthy approval process for new construction — puts it at a disadvantage to competing markets.