A contractor has acquired a 20,000-square-foot medical office building in Voorhees for more than $3.6 million, under a newly announced transaction by Rose Commercial Real Estate.
As developers continue to invest in downtown Newark, the city is attracting both new residents and businesses. That makes it all the more important to create amenities and spaces that will bring permanent foot traffic during the day and at night, which has become a growing focus for both public- and private-sector leaders in the state’s largest city.
Mack-Cali Realty Corp. has agreed to sell a 56-building, 3.1 million-square-foot office and flex portfolio for nearly $490 million, which it will use to pay down debt and fund its purchase of a Jersey City apartment building.
Major tenants and occupiers are now taking a closer look at agile real estate offering nimble, dynamic layouts in which employees can float from one type of a work area to another or move seamlessly between office locations. That means developers and landlords should be following suit if they plan on staying competitive in a quickly changing office sector.
A law firm is relocating to a new space in Cherry Hill as part of a recently announced, 9,117-square-foot lease by Rose Commercial Real Estate.
A faith-based service organization has taken 7,500 square feet of office space in Burlington, under a newly completed transaction by Wolf Commercial Real Estate.
Mack-Cali Realty Corp. has completed its acquisition of a nearly 272,000-square-foot office building in Woodbridge, adding to its holdings in the Metropark submarket.
Hollister Construction Services has completed its build-out of the new Jersey City headquarters of Nuts.com, a space that includes everything from swings and bleachers to a wall of dispensers with the company’s signature snack products.