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.

Cover Story
The Amazon effect: The e-commerce giant has infiltrated every major asset class in New Jersey

Amazon has long been known for having a profound impact on the bricks-and-mortar retail business. But as it turns out, that’s only one piece of the story of how the e-commerce powerhouse is transforming commercial real estate. New Jersey is poised to feel that impact as much as any other state in the country.

Office
All hands on deck: How Newark’s bid for Amazon HQ2 rallied landlords, city officials

While there are still months to go before Amazon reveals it selection for its HQ2 project, making the pitch has rallied developers and public-sector leaders in Newark in a way that the city hasn’t seen in recent memory. That show of unity was only amplified on Oct. 16, when Gov. Chris Christie announced that the state would officially support the city’s bid, even as several other cities in New Jersey jockeyed for the project.

Health Care & Education
Last buildable site at Giralda Farms sold, to be developed as health campus

A group of well-known developers has sold a 40-acre swath of the Giralda Farms campus in Madison, paving the way for the construction of a new 46,000-square-foot medical facility.

Health Care & Education
CBRE brokers $1.6 million sale of medical office condos in Morris Co.

A private investment firm has paid $1.6 million for two adjacent medical condominium units in Riverdale, according to brokers with CBRE who arranged the transaction.

People
Advance hires two executives, two associates to support growing portfolio

Advance Realty has bolstered the team at its Bridgewater headquarters with four new hires, including two executives in property management and finance.

Office
NRDC announces 134,000 sq. ft. in office, industrial deals in N.J.

A mix of office and industrial deals have accounted for more than 130,000 square feet of recent activity at buildings owned by National Realty & Development Corp., the firm said recently.

Retail
KenKap brokers $6.4 million sale of retail, office center in South Jersey

A 1031 exchange investor has acquired a 36,000-square-foot retail and office complex in Burlington County, in a $6.4 million sale brokered by KenKap Realty Corp.

Retail
Editor’s note: The story that keeps on giving

The Amazon story is now more than four years old in New Jersey, at least when it comes to our industrial market, yet we can’t seem to stop talking about it. It only makes sense. The tech giant has added…

Office
Medical practices highlight new deals at Parsippany office complex

Health care tenants have fueled new leasing activity at a two-building office complex in Parsippany, where brokers are touting more than 25,000 square feet in recent transactions.

Trend Watch
Trend Watch Nov. 20: Uptick for Class A office sublease space

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