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
Salzman, Rosen join Cresa to bolster tenant brokerage firm’s New York team

Cresa has strengthened its team in the region with the addition of veteran office brokers Kenneth Salzman and Seth Rosen.

Office
CPN: Longtime tenant buys 1,500 sq. ft. office building in Skillman

A tenant at a 1,500-square-foot commercial building in Somerset County has purchased the property for $320,000, in a deal arranged by Commercial Property Network Inc.

Finance & Capital Markets
CBRE: Owner of 320,000 sq. ft. Short Hills office campus refis for $58 million

Columbia Pacific Advisors has closed on $58 million in financing for a two-building, 320,000-square-foot office campus in the Short Hills section of Millburn.

Office
Cybersecurity firm takes 12,000 sq. ft. at SJP’s Waterfront Corporate Center in Hoboken

A cybersecurity firm is coming to SJP Properties’ Waterfront Corporate Center in Hoboken, having leased more than 12,000 square feet in a deal arranged by Cushman & Wakefield.

Office
JLL tapped to sell 230,000 sq. ft. Bedminster campus fully leased to AT&T

The two-building, 230,000-square-foot office campus in Bedminster that serves as a key corporate hub for AT&T is on the market for sale, according to brokers with JLL.

Finance & Capital Markets
C&W: Saxum, Penwood ink $19.6 million construction loan for Parsippany warehouse project

A joint venture has scored a $19.6 million construction loan for a more than 128,000-square-foot industrial project in Parsippany, brokers with Cushman & Wakefield said Thursday.

Office
JLL seeking buyer for 42,000 sq. ft. Summit office building, touting strong value-add potential

The owner of a boutique office building in Summit has tapped JLL to sell the property, providing what the listing team says is “significant value-add potential” in a top-tier market.

Office
NJ Transit, Horizon exploring plan to redevelop Newark office sites and build new 250,000 sq. ft. headquarters for health insurer

The site of two office buildings in downtown Newark could become up to 1,000 apartments and retail space under a proposal that involves the prospect of a new ground-up, 250,000-square-foot headquarters for Horizon Blue Cross Blue Shield of New Jersey.

Office
NAIDB: Westfield office building to become swim school after $2.2 million sale

A swim school operator has acquired a 9,700-square-foot office building in Westfield for more than $2.2 million, according to a listing team with NAI DiLeo-Bram & Co.

Community
For NAIOP New Jersey, return of food bank volunteer day highlights fresh focus on community action

NAIOP New Jersey’s day of service this summer came amid its renewed focus on community action, one of six goals outlined in a four-year strategic plan unveiled earlier this year.