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
Value-add investor acquires 107,000 sq. ft. Somerset office building

A real estate investment firm has paid nearly $6 million to acquire a 107,000-square-foot office building in Somerset County, where it now plans to spend another several million on upgrades.

Office
C&W: Office vacancy in N.J. remains stable, despite tepid leasing activity

Office vacancy in northern and central New Jersey saw little change during the third quarter, as slow leasing activity was offset by news that older buildings would soon be repurposed.

Office
Berger touts full occupancy at three Newark office buildings

Upgrades to Newark’s Military Park and a growing demand for downtown office space have helped push three city office buildings to full occupancy, according to the owner of the properties.

Professional Services
Longtime area consulting expert joins Colliers

Colliers International has hired a veteran real estate consultant in New Jersey and the region as a senior managing director with its New York Tri-State platform.

Office
SJP recapitalizes well-known Bridgewater office campus with P3RE

SJP Properties has teamed with a growing real estate investment firm to recapitalize a portion of Somerset Corporate Center, its 1.2 million-square-foot, Class A office campus in Bridgewater.

Office
NKF: Bank recommits to N.J. headquarters in East Brunswick

PNC Financial Services has renewed and extended the lease at its 90,000-square-foot New Jersey headquarters in East Brunswick, in a deal announced by Newmark Knight Frank.

The Rundown
Signs of life at Kushner Cos. project in Journal Square, report says

Local officials in Jersey City are set to consider a revamped version of the high-rise project at the center of a controversy earlier this year involving the family of Jared Kushner, a published report said.

Trend Watch
Trend Watch Sept. 25: The majority of New Jersey’s job growth is in non-office using sectors

For more information, visit JLL Research  

Office
Tenants renew, expand at Fairfield office building during Q3

A joint venture has inked nearly 60,000 square feet in leasing activity at a Fairfield office building, where the owners are in the midst of a series of renovations.

Office
Colliers: Fast-growing solar company expands in Metuchen

A solar company has expanded its footprint in Metuchen by committing to an additional 18,000 square feet, in a deal arranged by brokers with Colliers International.