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.

Professional Services
HLW taps Townsend, Vasold as co-studio directors in New Jersey

Global architecture and design firm HLW has appointed Christopher Townsend and Erin Vasold as co-studio directors of its New Jersey office.

Office
BRC: Electrical equipment firm secures 11,000 sq. ft. office space in Woodbridge

An electrical equipment company has taken more than 11,000 square feet of office space in Woodbridge, according to a brokerage team with Bussel Realty Corp.

Technology
Startup focused on clean copper extraction takes 15,000 sq. ft. at Kenilworth’s NEST campus

Another startup is coming to the Northeast Science and Technology Center in Kenilworth, where it will lease 15,000 square feet of laboratory space to help bring its technology to market.

Finance & Capital Markets
Deugen inks $31 million loan with Axonic for office-to-industrial project in Parsippany

Deugen Development has landed nearly $31 million in financing to acquire and raze an aging office building in Parsippany that it plans to redevelop as a 340,000-square-foot warehouse.

Office
Kislak opens new brokerage, administrative headquarters at Woodbridge office tower

The Kislak Co. Inc. has a new address in Woodbridge, its home of nearly 45 years, after moving to a well-known office tower just north of the New Jersey Turnpike.

Top News
J&L welcomes Da Silva Team, new entrepreneur hub to Textile Lofts in Newark’s Ironbound

J&L Cos. has secured a new anchor tenant for its Textile Lofts property in Newark, inking a lease to bring a real estate brokerage and a coworking hub to the distinctive mixed-use building.

Office
C&W: Credit union sells Nutley office property, potential redevelopment site, for $2 million

A credit union has sold its former headquarters property in Nutley, a site that includes more than 30,000 square feet of vacant office space and parking for some 90 vehicles.

Finance & Capital Markets
CBRE: Lincoln Financial provides $21 million refi for Hoboken office, retail property

The owner of more than 42,000 square feet of office and retail space in uptown Hoboken has refinanced the property, securing a $21.12 million loan in a deal arranged by CBRE.

Office
JLL: March Associates sells 38,000 sq. ft. medical office building in Wayne for $7.9 million

March Associates Construction has sold a nearly 38,000-square-foot medical office building in Wayne — a location that’s also its longtime headquarters — in a deal arranged by JLL.

Deals
Dental restoration lab inks 10-year lease for 22,000 sq. ft. Piscataway facility, Deluccia says

A dental laboratory has secured a new facility after taking 22,000 square feet of commercial space in Piscataway, according to brokers with Deluccia Commercial Group.