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.

Top News
NJPAC breaks ground on $336 million campus expansion with 350 rentals, arts education hub

Construction is set to begin on a long-awaited expansion of the New Jersey Performing Arts Center’s campus in Newark, part of a $336 million project that will bring 350 new apartments, office and retail space and a 58,000-square-foot arts education and community center.

Office
Hudson Atlantic opens new headquarters in Parsippany

Brokerage firm Hudson Atlantic has moved its headquarters to Parsippany, eyeing continued growth after launching the multifamily investment sales business in 2022.

Office
SJP unveils 11,000 sq. ft. buildout in Bridgewater for Everest Clinical Research

SJP Project Solutions has completed the buildout of more than 11,000 square feet of office space in Bridgewater that serves as a new U.S. hub for a contract research organization.

Office
Dental practice takes space at updated Montvale medical office building, Accordia says

A dental practice is joining the tenant roster at a newly updated, 32,000-square-foot medical office building in Montvale, according to a management team with Accordia.

Government & Public Policy
EDA approves $8 million tax credit for Atlantic City office-to-residential project

A developer has secured a key tax credit award for its plan to convert a historic office building in Atlantic City into 56 loft-style apartments and commercial space.

Office
JLL details 38,000 sq. ft. in new leasing at updated Rockaway office building

A new tenant has leased nearly 26,000 square feet at a renovated office building in Rockaway, the largest of several new deals at the property announced by JLL.

Office
Sumitomo Mitsui Trust signs new lease, relocates in SJP’s Waterfront Corporate Center

Sumitomo Mitsui Trust Bank has signed a new 30,000-square-foot lease in Hoboken that has allowed it to relocate within SJP Properties’ Waterfront Corporate Center I.

Office
Keystone sells 54,000 sq. ft. Woodcliff Lake office building for $9.8 million, CBRE says

Keystone Property Group has sold a nearly 54,000-square-foot office building in Woodcliff Lake for $9.8 million, brokers with CBRE announced Tuesday.

Office
REIT sells 90,000 sq. ft. Tinton Falls office building for $15 million, JLL says

A real estate investment trust has sold a 90,000-square-foot office building in Tinton Falls for nearly $15 million, in a newly announced deal by JLL.

Health Care & Education
New 127,000 sq. ft. lease with biotech firm among latest deals by Lincoln Equities Group

Lincoln Equities Group has secured another tenant for its Princeton West Innovation Campus in Hopewell, inking a 127,000-square-foot lease with a locally based biotech company.