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
‘Powerhouse’ amenities center completes office park turnaround

A joint venture has completed its multimillion-dollar plan to convert a former powerhouse structure into a standalone amenities center at a 525,000-square-foot business park in Hanover.

Office
Coffee business finds latest location at Denholtz building in Matawan

Denholtz Associates has signed a lease with a coffee operator to bring its concept to the Matawan building known as Metropark South, the real estate firm said Thursday.

Office
Normandy unveils more plans for Englewood Cliffs office project

The scope of Normandy Real Estate Partners’ plans in Englewood Cliffs just got even bigger.

A month after announcing a major sale-leaseback deal for Unilever’s headquarters campus in the borough, the developer has unveiled a project it has planned for an adjacent office complex.

Government & Public Policy
At NAIOP forum, mayors offer a how-to guide for development

As Woodbridge Mayor John McCormac will tell you, a neighborhood can have a 30-year-old, polluted industrial site that has been abandoned for more than a decade — yet local residents still oppose the mere concept of redevelopment.

Finance & Capital Markets
CBRE: $62M office deal is latest investment sale in Secaucus

A private investor has paid $62 million to acquire 100 Plaza Drive in Secaucus, making it the latest property to change hands in the town’s signature Harmon Meadow complex.

Office
C&W marketing upgraded office space in Old Bridge

The owners of an Old Bridge office building have hired Cushman & Wakefield to market and lease the 132,000-square-foot property, the commercial real estate services firm said.

Office
South Jersey office building fully leased, has new owner

An investment firm has acquired a Mount Laurel office building after a series of deals to shore up the tenant roster at the nearly 100,000-square-foot complex, the company said.

Office
Colliers: Pine Brook office building trades for $2.5 million

A private investor has paid $2.5 million for an office building just outside Parsippany, in a value-add deal brokered by Colliers International.

People
Bergman hires CRE industry veteran in asset management role

David Iacobucci has joined Bergman Real Estate Group as a senior investment manager, the real estate investment and management firm announced Monday.

Office
Sale of MetLife building caps off revival of former Lucent campus

Fresh off the opening of MetLife Investments’ gleaming new headquarters in Hanover, the state-of-the-art office building has a new owner. For the sellers of the 185,000-square-foot property, it’s the conclusion to one of New Jersey’s biggest redevelopment stories in recent years.