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
Transwestern seeking tenants for Parsippany office building

Brokers with Transwestern are marketing a nearly 182,000-square-foot office building for sublease in Parsippany, in what they say is the largest block of such space in the submarket.

Office
Design firm unveils new Parsippany HQ for maker of Nutella, Tic Tacs (SLIDESHOW)

Drawing inspiration from well-known brands such as Nutella, a Millburn-based architecture firm is touting the design of a newly completed headquarters space for Ferrero USA.

Office
Segal LaBate: New owner plans to create tech hub at historic Trenton bank building

A technology consulting firm has acquired a historic 78,000-square-foot bank building in Trenton, with plans to reposition the property as a hub for innovative businesses.

Office
Other N.J. cities forge ahead, file bids for Amazon HQ2

Several other cities in New Jersey have filed their bids to become the home of Amazon’s second headquarters, despite the state throwing its official support behind Newark earlier this week.

Office
Development set to begin at new hotel, restaurant at SJP campus in Bridgewater

SJP Properties has sold a parcel within its five-building office campus in Bridgewater, paving the way for the development of a new high-end Marriott hotel and Zinburger Wine & Burger Bar.

Finance & Capital Markets
Growing NKF capital markets team picks up seven assignments

Newmark Knight Frank is marketing four office and industrial properties for sale in northern and central New Jersey, along with a construction-ready development site in Bergen County.

Government & Public Policy
Christie: Newark is ‘the only location for Amazon here in the state of New Jersey’ (VIDEO)

As the state prepares to submit its official bid later this week, Gov. Chris Christie has declared Newark “the clear winner” of the competition among several New Jersey municipalities that have expressed hopes of landing the coveted Amazon HQ2 project.

Finance & Capital Markets
HFF: Investment firm buys 26-building Mack-Cali portfolio in South Jersey

Mack-Cali Realty Corp. has sold a 1.2 million-square-foot office and flex portfolio in Burlington County, according to brokers with HFF who marketed the buildings.

Event Coverage
ULI honors standout projects, CRE leaders at annual awards dinner (SLIDESHOW)

Eight projects and two key figures in New Jersey commercial real estate were among the honorees at an annual awards dinner hosted by the Urban Land Institute’s Northern New Jersey chapter, which drew a crowd of development executives and professionals.

Sponsored Content
Trend Watch Oct. 16th: Office vacancy rate steady as leasing volume hits new low

For more information, visit JLL Research