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
Camden County office building sells for $475,000

An investor has paid nearly $500,000 for a 4,700-square-foot office building in Camden County, in a sale arranged by Markeim Chalmers.

Health Care & Education
Princeton medical building is largest in 1.4 million sq. ft., multistate portfolio sale

A large medical office building near Princeton has changed hands as part of a seven-state, 1.4 million-square-foot portfolio sale announced Tuesday by JLL.

Office
Report: Leasing slowdown could yield opportunity, stable rents for N.J. office tenants

Tenant brokers with Savills Studley are touting an opportunity for office users in 2018, amid last year’s slowdown in leasing volume and growing availabilities in the state’s top submarkets.

Finance & Capital Markets
Investors Bank touts $2.7 billion in CRE loans in 2017

Multifamily projects in Morristown and Monroe are among the latest developments financed by Investors Bank, contributing to more than $2.5 billion in commercial real estate activity completed by the lender in 2017.

Office
Two-building complex changes hands in Pennsauken, WCRE says

Wolf Commercial Real Estate has brokered the sale of a two-building, 6,600-square-foot commercial complex in Pennsauken, the real estate services firm announced Friday.

Office
Plumbing products firm inks 61,000 sq. ft. HQ lease in Parsippany

A maker of plumbing products is moving its North American headquarters to Parsippany, under a 60,600-square-foot lease announced Friday by Colliers International.

Residential & Mixed Use
VIDEO: New Brunswick PAC project rising in Hub City

Following demolition last summer and a groundbreaking last fall, a $172 million, mixed-use project anchored by a new performing arts center is quickly rising in downtown New Brunswick.

Office
Health care lease in Parsippany among 2017 highlights for Bergman

Bergman Real Estate Group has inked a 52,000-square-foot lease with a life sciences company in Parsippany, one of more than 100 transactions completed by the firm in 2017.

Office
Bank inks 11,000 sq. ft. lease near Hamilton HQ

A community bank has expanded it footprint at its home base in Hamilton, under an 11,000-square-foot lease brokered by Mercer Oak Realty.

Office
NKF adds veteran office broker in New Jersey

A longtime office broker has joined Newmark Knight Frank as a senior managing director based in the firm’s Rutherford office.