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.

Technology
Coming together: Collaboration, partnership in focus as Nokia Bell Labs tower breaks ground in New Brunswick

The groundbreaking for Nokia Bell Labs’ new research and office tower in New Brunswick was a celebration of not just the company’s legacy of collaboration in New Jersey, but the public-private partnerships that have brought the project to life.

Residential & Mixed Use
EDA approves $93 million in Aspire, historic tax credits to convert historic Newark office tower to affordable housing

A historic office building in downtown Newark is one step closer to becoming nearly 200 units of affordable housing after securing a pledge for more than $93 million in state tax credits.

People
Axria taps Reeves as development engineering manager, Ryan as CFO

Real estate firm Axria has made two key additions, hiring Daniel Reeves as a development engineering manager and William Ryan as chief financial officer.

Office
C&W: Mountain Development sells 30,000 sq. ft. JURA headquarters building in Montvale

Mountain Development Corp. has sold a nearly 30,000-square-foot flex office building in Montvale for $5.75 million, in a newly announced deal by Cushman & Wakefield.

Office
Nokia Bell Labs tower set to rise in downtown New Brunswick as executives, officials break ground on new 370,000 sq. ft. facility

The steel frame of a new landmark tower for Nokia Bell Labs will be visible in downtown New Brunswick as soon as next spring, with construction well underway on a facility that will be the technology giant’s home for decades to come.

Office
Kislak named sales broker for 183,000 sq. ft. waterfront office building in Bucks County

The owner of a 183,000-square-foot office building along the Delaware River in Pennsylvania has tapped The Kislak Co. Inc. to sell the property.

Office
Plymouth Rock takes 11,000 sq. ft. at Mount Laurel office building, NAI Mertz says

Plymouth Rock Assurance has taken more than 11,000 square feet at a Mount Laurel office building, brokers with NAI Mertz announced Thursday.

Office
Sanzari, home health care provider ink 13,000 sq. ft. renewal in Hackensack

A home health care provider has renewed its lease at Hackensack’s Court Plaza office campus, where it occupies nearly 13,000 square feet under a deal with Alfred Sanzari Enterprises.

Office
Chilmark: Consulting firm MPI leases 9,000 sq. ft. at BXP building outside Princeton

A national consulting firm has taken more than 9,000 square feet at a Princeton-area office building, in a newly announced deal by Chilmark Real Estate Services.

Professional Services
Otteau Group, influential appraisal and advisory firm, promotes Montferrat to partner

The Otteau Group has elevated Connor Montferrat to partner, citing his contributions, leadership and service to clients since he joined the Matawan-based firm in 2017.