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.
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.
People on streets: Retail, amenities a growing focus as Newark development boom continues
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 inks $488 million sale of 3.1 million sq. ft. flex portfolio
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.
How ‘agile real estate’ can help leasing, property values
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.
Law firm takes 9,100 sq. ft. in Cherry Hill
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.
WCRE: Service organization inks 7,500 sq. ft. lease in Burlington
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.
Bank acquires Fort Lee building, eyes expansion with EDA incentive
A Fort Lee-based bank is eyeing a major expansion in the borough, having acquired a 70,000-square-foot office building with plans to hire 250 new employees in the coming years.
Mack-Cali closes on 272,000 sq. ft. office tower in Metropark, C&W says
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 debuts new Nuts.com HQ in Jersey City (SLIDESHOW)
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.
Quest breaks ground on 250,000 sq. ft. lab facility in Clifton
Construction is underway at Quest Diagnostics’ new flagship laboratory in Clifton, a planned 250,000-square-foot facility that is slated to become the largest in its vast portfolio.
