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
Pharma giant AbbVie takes 92,000 sq. ft. at BASF office building in Florham Park

Global pharmaceutical firm AbbVie has leased more than 90,000 square feet in Florham Park, where it will occupy part of the acclaimed BASF North American headquarters building.

Community
Sanzari Family Foundation awards 13 new grants totaling $50,000

The Alfred N. Sanzari Family Foundation has announced a combined $50,000 in grants under its latest round of funding for nonprofits in northern New Jersey.

Office
Turtle & Hughes moving HQ to Clark, in 27,000 sq. ft. lease with Signature Acquisitions

Turtle & Hughes, a national distributor of electrical and industrial equipment, is moving its corporate offices to Clark under a newly announced lease by Signature Acquisitions.

Office
South Bound Brook office building sold to municipality for $1.1 million, Deluccia says

The Borough of South Bound Brook has purchased an 8,300-square-foot office building in the municipality, in a newly announced deal by Deluccia Commercial Group.

Professional Services
Avison Young taps Stone as New Jersey market leader, with Heller set to focus on brokerage

Avison Young has named a new leader of its New Jersey team, eyeing continued growth in the region after launching its first office here more than a decade ago.

Office
Reports: Demand for New Jersey office space grows in 2022, despite economic headwinds

Office leasing in New Jersey rebounded in 2022, showing notable improvement from a year earlier despite a mixed fourth quarter and ongoing economic uncertainty.

Deals
Marcus inks $46 million sale of 310,000 sq. ft. retail, office portfolio in Ocean County

A real estate firm has acquired 10 retail and medical office properties in Ocean County for $46 million, expanding its footprint in the region by more than 300,000 square feet.

Office
Sanzari signs 6,400 sq. ft. renewal at Glenpointe with laser eye surgery practice

A laser eye surgery practice has renewed its nearly 6,500-square-foot lease at Alfred Sanzari Enterprises’ Glenpointe office campus in Teaneck, the landlord announced Thursday.

Deals
KenKap: Route 46 office, restaurant properties in Parsippany trade for $4.2 million

A local investor has purchased the site of an office building and an adjacent restaurant property in Parsippany for $4.2 million, in a transaction arranged by KenKap Realty Corp.

Finance & Capital Markets
Pharma firm seeking buyer for active 249,000 sq. ft. R&D facility in Elizabeth, JLL says

The owner of an active research and development facility in Elizabeth has placed the property on the market for sale, in an offering by JLL’s New Jersey capital markets team.