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
JLL: Montvale office building sells for $15 million, trading for third time in 12 years

Nessel Development has sold a nearly 120,000-square-foot office building in Montvale for $14.75 million, under a deal arranged by JLL’s New Jersey capital markets team.

Professional Services
HLW taps Strickland as managing director for New Jersey office

Global architecture, design and planning firm HLW has named Melissa Strickland as its new managing director in New Jersey.

Government & Public Policy
City, state officials break ground on highly touted pedestrian bridge to link Newark’s downtown, Ironbound section

Construction is set to begin on a long-awaited pedestrian bridge that will connect downtown Newark to the city’s acclaimed Ironbound neighborhood, helping to spark new development and create additional access to both Newark Penn Station and the Prudential Center.

Office
Joint venture picks C&W as leasing team for 228,000 sq. ft. Florham Park office building

Vision Properties and The Birch Group have tapped Cushman & Wakefield as their leasing agent for nearly 230,000 square feet of office space at The Green at Florham Park.

Office
Developer acquires 240,000 sq. ft. Trenton office tower, eyes conversion to multifamily

The buyer of a 240,000-square-foot office building in downtown Trenton has secured a $4.5 million acquisition loan, in a deal arranged by Maverick Commercial Mortgage Inc.

Retail
Onyx launches online ordering at The Junction at Gateway Center

Onyx Equities has launched online ordering at The Junction at Gateway Center, the new 100,000-square-foot dining corridor inside the downtown Newark office complex.

Office
Insurer, physical therapy practice buy Holmdel office condos, Sheldon Gross says

Two office condominium units in Holmdel have changed hands for a combined $925,000, in a set of deals arranged by Sheldon Gross Realty.

Office
HVAC contractor signs 2,900 sq. ft. renewal for Hackensack headquarters, C&W says

An HVAC contractor has renewed its nearly 3,000-square-foot lease at a Hackensack office building, according to brokers with Cushman & Wakefield.

Health Care & Education
Pain management practice takes 7,000 sq. ft. in Voorhees, Rose Commercial says

A pain management practice has found a new home after leasing 7,000 square feet of office space in Voorhees, brokers with Rose Commercial Real Estate announced.

Office
Silverman Group sells 18,000 sq. ft. medical office building in Florham Park, C&W says

The Silverman Group has shed another Morris County office building with its sale of an 18,000-square-foot property in Florham Park, in a deal arranged by Cushman & Wakefield.