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
Five-building, 184,000 sq. ft. Cherry Hill office portfolio sells for $21.4 million, Marcus says

A private investor has purchased a nearly 184,000-square-foot office campus in Cherry Hill for $21.4 million, in a newly announced deal by Marcus & Millichap.

Office
NAI Hanson: Investor buys 26,000 sq. ft. medical office building in Bergen County

NAI James E. Hanson has negotiated the sale of a 25,944-square-foot medical office building in Fair Lawn, the real estate services firm announced Thursday.

Office
Larken Associates, retina practice sign 6,000 sq. ft. renewal in Lawrenceville

Larken Associates has announced a renewal by a longtime medical office tenant at a nearly 50,000-square-foot campus in Mercer County.

Professional Services
Inside C&W’s ambitious plan to add talent, market share in long-established New Jersey office

Cushman & Wakefield is revamping how it identifies and pursues new business opportunities, all while rethinking its brokers’ approach to serving clients and advancing the long-held goal of creating a one-stop shop for its many disciplines and service lines.

Office
Grid: Journal Square office building nears full occupancy after 27,000 sq. ft. in recent leases

A vocational school has leased nearly 9,000 square feet at a historic commercial building in Jersey City, in one of several newly announced deals by Grid Real Estate.

Office
Newmark: Ownership eyes $25 million revamp of 668,000 sq. ft. Red Bank-area office campus

A joint venture is investing $25 million to revitalize a nearly 670,000-square-foot office campus outside Red Bank, where it has tapped Newmark as its exclusive leasing agent.

Finance & Capital Markets
JLL: Owner of 210,000 sq. ft. ex-headquarters building in Union Twp. refis for $31 million

The owner of a well-known office building in Union Township has landed $31 million to refinance the 210,000-square-foot property, in a deal arranged by JLL.

Office
Onyx details Morgan Stanley, Zelis leases in Morristown totaling 170,000 sq. ft.

Onyx Equities is detailing two major deals at a newly overhauled, 400,000-square-foot office building near downtown Morristown, where it has leased a combined 170,000 square feet to banking giant Morgan Stanley and health care technology company Zelis.

Industrial
Russo, PGIM set to break ground on 200,000 sq. ft. Mahwah industrial project

Russo Development and PGIM Real Estate have completed demolition of a defunct office complex in Mahwah, paving the way for construction of a new 200,000-square-foot industrial building at the site.

Retail
Red Bank site with commercial space, parking lot trades for $4.8 million, C&W says

A local owner has reaped nearly $5 million from its sale of a mixed-use property in downtown Red Bank, brokers with Cushman & Wakefield said Monday.