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
Tech firm buys 1,000 sq. ft. Metuchen office condo, American Properties Realty says

A private technology firm has purchased a 1,000-square-foot office condominium in Metuchen, in a transaction arranged by American Properties Realty Inc.

Office
Vonage, LT Apparel heading to Bell Works flexible workplace hub

Two new tenants are coming to the Bell Works campus in Holmdel, including Vonage, the cloud communications provider long based at another building in the township.

Office
Home remodeler takes 1,600 sq. ft. at New Providence office building, NAI Hanson says

A remodeling and custom home building firm has leased more than 1,600 square feet of office space in New Providence, in a newly announced deal by NAI James E. Hanson.

Office
Buyer wanted for 49,000 sq. ft. office, medical building in Monmouth County

The owner of a nearly 50,000-square-foot office and medical building in Monmouth County is seeking a buyer for the property.

Editor’s Note
Bolstering the ranks

As you’ll read in this month’s cover story, Prologis’ growing team is supporting a portfolio that now spans 44 million square feet across 200 properties in New Jersey and New York. Growing that footprint will come in a number of ways, Harty said, including the types of creative, value-add projects that involve redeveloping former office campuses. That, in turn, requires additional development and construction personnel like the kind that Prologis has added in recent months. And it comes as the company also hires for what’s known as its Essentials platform, which provides services to tenants such as helping them source materials for their building fit-outs, in a bid to engage them “beyond the four walls and the real estate.”

Retail
Office, retail building changes hands in Paramus, NAI Hanson says

An investor has purchased a 3,800-square-foot commercial property on Route 17 in Paramus, in a newly announced transaction by NAI James E. Hanson.

Office
Bergman touts 77 leases across New Jersey office buildings during first half of 2022

Upgrades to its New Jersey office buildings are seemingly bearing fruit for Bergman Real Estate Group, helping fuel nearly 80 leases across the firm’s portfolio during the first half of the year.

Finance & Capital Markets
Sanzari refis two Glenpointe office buildings for $32 million, JLL says

Alfred Sanzari Enterprises Inc. has secured $32 million to refinance two pieces of its flagship Glenpointe campus in Teaneck, in a newly announced deal by JLL.

Office
Fully occupied, 19,000 sq. ft. Parsippany office building trades for $4.4 million

Colliers has facilitated the sale of a 19,298-square-foot boutique office building in Parsippany for $4.4 million to a private New Jersey-based investor.

Office
Joint venture buys 66,000 sq. ft. medical office building in Hackettstown

A joint venture has purchased a nearly 66,000-square-foot medical office building in Hackettstown, according to JLL’s New Jersey capital markets team.