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.

Professional Services
Mertz promotes longtime broker to EVP

NAI Mertz has promoted a 30-year industry veteran to executive vice president and director of brokerage and corporate services.

Office
Office furniture maker renews 30,000 sq. ft. lease in Mount Laurel

A furniture manufacturer has renewed its nearly 30,000-square-foot lease at a Mount Laurel office building, according to the real estate services firm Markeim Chalmers Inc.

Photos
IN THE MOMENT: IOREBA’S Fall Kick-Off Event

The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area recently hosted its Fall Kick-Off event, drawing more than 60 members and guests for a boat cruise through the New York harbor.

Industrial
Camber, Advance acquire 529,000 sq. ft. complex off Route 46 for $53 million

A joint venture has acquired a four-building, 529,110-square-foot industrial and office complex in Morris County, with plans to reposition the campus to tap into the continued demand for warehouse and distribution space.

Office
SJP details plans for new 130,000 sq. ft. fitness complex in Bridgewater

SJP Properties and Life Time, the national fitness operator, have unveiled plans for what they say will be a first-of-its-kind health and entertainment complex at a Bridgewater office campus.

Office
Investor taps Accordia to manage, renovate Elmwood Park office building

Accordia Realty Ventures is set to manage and reposition a 102,000-square-foot office building in Elmwood Park, one of two assignments the firm has taken on behalf an out-of-state investor.

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IN THE MOMENT: NAIOP New Jersey’s President’s Awards and Hall of Fame Dinner (SLIDESHOW)

NAIOP’s New Jersey chapter recently hosted a crowd of more than 300 real estate executives and professionals for the association’s annual President’s Awards and Hall of Fame Dinner.

Government & Public Policy
EDA: Mars Wrigley weighing 110,000 sq. ft. lease at Newark project

State officials have approved a 10-year, $31.5 million tax credit to encourage Mars Wrigley to move more than 480 employees to Newark, where it would lease 110,000 square feet at a historic warehouse that is being redeveloped by Edison Properties.

Office
Quest, Ralph Lauren eye projects at ex-Roche campus on Route 3

Quest Diagnostics and Ralph Lauren could be among the newest tenants at the former Hoffmann-LaRoche campus in Clifton and Nutley, now known as ON3, following the approval of $88 million in tax credits to support more than 500,000 square feet of activity at the site.

Government & Public Policy
LabCorp, Konica Minolta among other major EDA approvals

The state has approved a nearly $40 million tax credit package tied a proposal for LabCorp to modernize and expand its regional headquarters and lab complex in Raritan Borough, while also approving a $29 million incentive to encourage Konica Minolta Business Solutions to expand its existing headquarters in Ramsey.