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.

Editor’s Note
At the ready

The issue of so-called stranded assets is a recurring theme in New Jersey commercial real estate, regrettably so, one that often finds public officials on their heels when they’re left with a vacant, obsolete office park or mall. That is seemingly not the case in Bedminster, where local leaders spent nearly a decade preparing for the possibility that AT&T, its largest taxpayer and employer, would vacate its iconic, 1.1 million-square-foot campus in the township.

Office
Larken, Dynamic ink 15,000 sq. ft. deal for engineering firm’s third expansion in Chester

Dynamic Engineering Consultants PC is once again expanding in downtown Chester, where it occupies more than 15,000 square feet under a lease with Larken Associates.

Professional Services
Inside CSG Law’s new headquarters, an office built for today and tomorrow

CSG Law has opened its new 120,000-square-foot headquarters in Roseland, in a space aimed at helping the firm compete for talent for decades to come, while meeting the need for mobility and flexibility in the wake of the pandemic.

Top News
SJP, Devco reveal plans for 600,000 sq. ft. lab, office project at New Brunswick’s HELIX project

SJP Properties and New Brunswick Development Corp. are joining forces to develop the second piece of the landmark Health + Life Science Exchange in New Brunswick, with plans to offer 600,000 square feet of build-to-suit lab and office space at the mixed-use campus.

Professional Services
NAI DiLeo-Bram & Co. unveils new headquarters in Woodbridge

NAI DiLeo-Bram & Co. has opened the doors to its new office in Woodbridge, marking a new chapter for a multigenerational real estate services firm with deep ties to the state.

Residential & Mixed Use
Partnerships, collaboration in focus as NAIOP gala honors CRE leaders and deals of the year

Commercial real estate leaders turned out Thursday for NAIOP New Jersey’s annual gala, where the chapter honored five key figures and unveiled its coveted Deal of the Year winners.

Top News
NAIOP New Jersey CEO McGuinness to step down after 25 years

Mike McGuinness, the highly regarded CEO of NAIOP New Jersey, is stepping down after more than 25 years at the helm of the commercial real estate association.

Office
Procida sells 15,000 sq. ft. Hackensack medical office building in deal brokered by JLL, Zimmel

Procida Funding & Advisors LLC has sold a 15,000-square-foot medical office building in Hackensack for $3.7 million, in a newly announced deal by JLL.

Health Care & Education
New Jersey Imaging Network inks 8,800 sq. ft. renewal in Belleville, NAI Hanson says

A radiology practice has signed a renewal at a medical office building in Belleville, where it occupies nearly 8,800 square feet under a lease with Everest Healthcare Properties.

Office
Wells Fargo inks 131,000 sq. ft. lease at Metropark office building

Wells Fargo has signed a new lease for more than 130,000 square feet at a renovated office building in the Iselin section of Woodbridge.