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.

Features
High praise: NAIOP leaders pay tribute to outgoing CEO McGuinness

We asked commercial real estate industry leaders for their thoughts on NAIOP New Jersey CEO Michael McGuinness, who is retiring next month after more than 25 years in the role.

People
Azarian Group promotes Pelio to executive vice president

The Azarian Group LLC, the Midland Park-based commercial real estate firm, has promoted Kevin Pelio to executive vice president.

Office
Sheldon Gross: Lens maker buys 13,000 sq. ft. North Plainfield office building for $1.4 million

An optic lens maker has acquired a nearly 13,000-square-foot office building in North Plainfield, brokers with Sheldon Gross Realty announced Tuesday.

Office
C&W: Nashville-based buyer enters New Jersey market, inks $40 million medical office deal

The Silverman Group has shed more than 130,000 square feet of medical office space in New Jersey, selling a portfolio in Essex and Union counties for more than $40 million.

Professional Services
Garibaldi Group broker, cancer survivor, completes first deals after joining firm

The Garibaldi Group’s newest broker has inked his first two deals for the firm, completing office leases in May that allowed two clients to find new space in Morris County.

Office
Historic camera maker opens new 12,000 sq. ft. North American headquarters at Glenpointe

A global camera manufacturer has unveiled its new North American headquarters in Teaneck after leasing space last spring at Alfred Sanzari Enterprises’ flagship Glenpointe campus.

Office
Silverman Group sells two-building, 122,000 sq. ft. Morristown office park for $22 million

The Silverman Group has sold more than 122,000 square feet of office space in Morristown for $21.5 million, in a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets
Investor snags $10 million acquisition loan for 125,000 sq. ft. flex, office building in Whippany

The buyer of more than 125,000 square feet of flex warehouse and office space in Hanover has secured $10 million in financing for the deal, according to a team with Progress Capital.

Office
Contractor takes 1,500 sq. ft. at Larken-owned office, medical campus in Skillman

Larken Associates has signed a new lease to bring a general contractor to Montgomery Professional Center, its nearly 48,000-square-foot office complex outside Princeton.

Features
Long-awaited Parsippany project comes with visions of bustling, downtown-style retail

Developers and local officials say they have high hopes for a luxury mixed-use development on Route 10, one with a concept that seemingly relies more heavily on retail and restaurants than typical mixed-use residential developments, in an effort to broaden its appeal.