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
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.

Government & Public Policy
Demolition expected to spur redevelopment of 36-acre Fort Monmouth site

State officials have paved the way for the demolition of a 750,000-square-foot former research complex at Fort Monmouth, allowing them to market a larger 36-acre site on the property to prospective developers.

Finance & Capital Markets
Case launches small loan program for projects nearing stabilization

Case Real Estate Capital LLC, a commercial real estate investment and financing firm, has launched a new program to provide lower-interest loans for properties that are close to stabilization.

Office
NAI Mertz: Cybersecurity firm leases 4,600 sq. ft. in Mount Laurel

A cybersecurity firm is set to open its first New Jersey office in Mount Laurel, following a 4,566-square-foot lease brokered by NAI Mertz.

Office
NKF: Investors wanted for Class A office complex in Parsippany

The owners of two office buildings totaling nearly 360,000 square feet in Parsippany have hired Newmark Knight Frank to oversee the sale of the complex, the brokerage team said.