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
Livingston office park recapitalized in C&W-brokered deal

The owner of a 385,000-square-foot office complex in Livingston has a new partner at the property after a recapitalization arranged by Cushman & Wakefield, the brokerage said.

Office
Normandy sells Zoetis HQ building in Parsippany for $44M

A group led by Normandy Real Estate Partners has sold a Parsippany office building for $44 million, following a gut rehabilitation project that attracted a blue-chip pharmaceutical tenant.

Finance & Capital Markets
CBRE arranges $107M loan for buyer of Panasonic tower

A New York-based commercial mortgage lender was the main source of financing for a Kuwait-based firm’s recent $165 million acquisition of the Newark office tower that is home to Panasonic Corp. of North America.

Office
Burlington County flex building changes hands, WCRE says

A 24,000-square-foot flex building in Delran is under new ownership, following a sale brokered by Wolf Commercial Real Estate.

Office
C&W announces new broker hires

Cushman & Wakefield has made two additions to its East Rutherford-based brokerage teams.

Professional Services
Brokerage earns green building certification for Morristown office

Avison Young’s New Jersey office in Morristown has been recognized by the U.S. Green Building Council, following a build-out led by the firm’s own project management team.

Office
Firm hopes to ‘bring SoHo to the suburbs’ with new development, investment fund

A three-year-old development and investment firm has launched its first fund, with a goal of deploying some $75 million to acquire value-add properties in transit-oriented downtowns.

Finance & Capital Markets
HFF: Mack-Cali seeking buyer for 2.2M sq. ft. Bergen County portfolio

With a continued focus on right-sizing its office holdings, Mack-Cali Realty Corp. is looking to sell a sprawling nine-building, 2.2 million-square-foot portfolio in Bergen County.

Office
Allstate is newest tenant at Bridgewater campus, JLL says

Allstate Insurance Co. has leased an entire 63,000-square-foot building in Bridgewater, the latest in a series of new deals at a four-building office park on Route 22.

Finance & Capital Markets
Investors announces more than $300M in CRE loans

Investors Bank has originated than $308 million in loans in recent weeks, financing more than a dozen transactions involving multifamily and commercial properties.