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
Summit office building fully leased after 3,600 sq. ft. deal by financial services firm

A financial services firm has leased 3,600 square feet of office space in downtown Summit, in a newly announced deal by NAI James E. Hanson.

Office
Plastic surgeon adds second location with 3,400 sq. ft. lease in Montvale, JLL says

A cosmetic surgery practice has joined the fast-growing roster of health care tenants at a 32,000-square-foot office building in Montvale, according to a leasing team with JLL.

Health Care & Education
Demand for lab, R&D space in New Jersey still surging as developers hunt for new supply

Turnkey, high-end life sciences space remains in high demand in New Jersey, creating an opportunity for owners of the state’s few remaining legacy pharmaceutical campuses or those that can find other ways to create new space without building speculatively.

Office
Onyx lands 290,000 sq. ft. lease in Summit for J&J consumer health spinoff headquarters

Johnson & Johnson’s highly anticipated consumer health spinoff is leasing 290,000 square feet of office and laboratory space in Summit, in a deal that will activate a campus recently acquired by Onyx Equities.

Office
Three tenants combine for 7,500 sq. ft. at Teaneck office building, CBRE says

The owner of a Teaneck office building has signed three new leases totaling more than 7,500 square feet, in a series of newly announced deals by CBRE.

Office
Vantage Commercial: 3PL firm takes 5,800 sq. ft. for new Glassboro headquarters

A third-party logistics firm has leased nearly 5,800 square feet of office space near Rowan University in Glassboro, according to a brokerage team with Vantage Commercial.

Top News
Experts: Office conversions offer potential for supply-starved lab users, despite challenges

A biopharmaceutical firm’s plan to create a high-profile laboratory and headquarters space at a Warren office campus could be a sign of things to come in the state’s undersupplied life sciences market — despite the complexity of such a project and the challenges in finding a match.

Health Care & Education
Primary care practice takes 5,000 sq. ft. in Edgewater, NAI Hanson says

A growing primary care practice is expanding to Edgewater after leasing 5,000 square feet of medical office space, in a newly announced deal by NAI James E. Hanson.

Photos
Rock Brook supports leukemia, lymphoma research in ‘Big Climb’ event at One Gateway

The state’s commercial real estate industry turned out last week at the new-look One Gateway Center in Newark, the host of the annual Big Climb event, helping to raise more than $58,000 in support of The Leukemia & Lymphoma Society.

Editor’s Note
Supply search

Our April edition highlights the ongoing demand from established pharmaceutical firms, startups and a growing pool of international users for high-quality, turnkey laboratory and manufacturing space in New Jersey — and the opportunity for landlords that can provide it.