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.

Finance & Capital Markets
Meridian brokers $70 million loan for Somerset’s Bell Works project

Investors Bank is providing a $70 million loan to Somerset Development for its landmark Bell Works project in Holmdel, under a financing deal negotiated by Meridian Capital Group.

Government & Public Policy
Colliers set to market aviation research park in Atlantic County

Atlantic County officials have hired Colliers International Group to market the first piece of the new Stockton Aviation Research and Technology Park, the firm announced.

Office
Onyx, Rubenstein sell repositioned Basking Ridge building for $98.5 million

A joint venture has sold a 306,000-square-foot office building in Somerset County for nearly $100 million, following a sweeping renovation that modernized the 40-year-old property and attracted a global pharmaceutical company as a headquarters tenant.

Office
NAI Hanson marketing medical office building near Hackettstown hospital

Atlantic Health System has tapped brokers with NAI James E. Hanson to market a medical office building on the campus of Hackettstown Medical Center, the real estate services firm announced.

Office
Office market takes small step forward in Q2, NKF says

The state’s office market saw modest gains during the second quarter, even as landlords continue to grapple with high vacancy and new blocks of space coming available in suburban locations.

People
Transwestern names new operations director in New Jersey

Transwestern has hired a real estate industry veteran as its new director of operations in New Jersey, the brokerage and service firm announced.

Office
Saddle Book office owner sells leasehold interest, Marcus & Millichap says

A private investor has paid more than $2.3 million to acquire a leasehold interest in an 83,160-square-foot office building in Saddle Brook, Marcus & Millichap said Wednesday.

Office
NAI Hanson: Buyer of Maplewood property plans conversion to medical space

A real estate firm has acquired an 11,500-square-foot office building in Maplewood that it now plans to repurpose as a headquarters medical facility, according to brokers involved in the deal.

Office
Law firm inks 5,000 sq. ft. office lease in Marlton, WCRE says

A boutique law firm has leased about 5,000 square feet at a Marlton office building along Route 73, in a deal brokered by Wolf Commercial Real Estate.

Office
JLL inks new office, warehouse deals at Prologis building

Real estate services firm JLL has completed a series of leases at a Prologis Inc. building in Secaucus, accounting for nearly 42,000 square feet of activity at the 143,057-square-foot property.