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
Investor adds 36,000 sq. ft. office building in Moorestown business district, WCRE says

An investor has acquired a more than 36,000-square-foot office building in Moorestown, in a newly announced deal by Wolf Commercial Real Estate.

Office
RCS, Lamar Cos. buy 368,000 sq. ft. Jersey City office building in deal brokered by C&W

30 Montgomery St. in Jersey City — Courtesy: Real Capital Solutions/Lamar Cos. By Joshua Burd A joint venture has planted a flag in Jersey City with its acquisition of a well-known 16-story office building in the waterfront Exchange Place district.…

Education
NJIT opens 25,000 sq. ft. translational research center at NEST campus in Kenilworth

New Jersey Institute of Technology has officially launched a new research hub at the Northeast Science and Technology Center in Kenilworth, where it’s leasing 25,000 square feet from a joint venture that’s repositioning the former Merck & Co. campus.

Deals
Vantage: Investors scoop up Collingswood medical office building, eyeing redevelopment

Local investors have acquired a commercial property in Collingswood with plans to redevelop the site, leveraging the borough’s well-known downtown and its access to mass transit.

Top News
Red Bulls debut cutting-edge training campus in Morris Township, bringing new life to once-stranded office site

The transformation of another New Jersey suburban office campus is complete, but the result is far from the warehouses and apartments found at other redevelopment sites.

Office
Jersey Mike’s leases 70,000 sq. ft. in major office deal at Bell Works Fort Monmouth

With an initial public offering in the works, Jersey Mike’s Subs has found new office space at the historic Fort Monmouth property thanks to a lease with Inspired by Somerset Development.

People
SJP Properties adds Welch, former C&W analyst, as investment associate

Peter Welch By Joshua Burd SJP Properties has welcomed Peter Welch as an investment associate, adding to the team focused on acquiring and developing high-end office, residential and mixed-use properties across New York, New Jersey and select Southeast markets. The…

People
JLL adds Buck, Berckmans to bolster tristate nonprofit, education and government practice

JLL has strengthened its nonprofit, education and government practice in the tristate region with the return of Allison Buck and the addition of Ella Berckmans.

Policy Page
Turning early optimism into action

Gov. Mikie Sherrill took office with a clear mandate from New Jersey voters: make the state more affordable, more efficient and more competitive. For the commercial real estate (CRE) industry, that message matters because growth does not happen in a vacuum. It relies heavily on public policy that allows projects to move forward, capital to be deployed with confidence and employers to expand in places where workers can live, commute and thrive.

Deals
Longtime nonprofit Our House Inc. leases 27,000 sq. ft. in New Providence, Kislak says

A nonprofit has secured a new headquarters with a nearly 27,000-square-foot office lease in New Providence, according to a team with Kislak Commercial Real Estate Services Inc.