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.

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.

Office
Pharma firm takes 28,000 sq. ft. in Montville for office, distribution center, CBRE says

A pharmaceutical ingredients firm has leased nearly 28,000 square feet in Montville that will serve as both a new corporate office and distribution facility, brokers with CBRE said.

Office
Fennelly: German biotech leases 4,100 sq. ft. near Princeton for new U.S. headquarters

A life sciences firm has found its new U.S. headquarters after leasing more than 4,000 square feet at a Princeton-area office building, in a newly announced deal by Fennelly Associates.

Industrial
Diversified signs 9,000 sq. ft. lease in Montville with global fragrance house

Diversified Properties has leased a 9,000-square-foot industrial building in Montville that will serve as the new U.S. headquarters of a global fragrance house.

Office
Auto parts, health care businesses ink leases at Mahwah commercial building

The owner of a mixed-use building in Mahwah is welcoming two new office tenants after recent leases totaling more than 13,000 square feet, brokers with NAI James E. Hanson announced.

Professional Services
LAN Associates names Wighard as its new president, its third in firm’s 58-year history

LAN Associates has tapped a longtime team member as its new president, marking the third person to hold the post since the architecture and engineering firm was founded in 1965.