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.

People
Veteran policy, planning expert Kennedy joins NAIOP New Jersey as part of CEO transition

Dan Kennedy has joined the leadership team of NAIOP New Jersey, marking the start of a transition period in which he’ll work alongside CEO Michael McGuinness before succeeding him at the helm of the commercial real estate development association.

Retail
Newmark Associates: Investor adds 12,000 sq. ft. retail, office property in Mountain Lakes

A private investor has purchased a 12,000-square-foot retail and office property in Mountain Lakes, in a transaction arranged by Newmark Associates.

Features
McGuinness reflects on 26 years at NAIOP, as industry leaders praise outgoing CEO

In an interview, outgoing NAIOP New Jersey CEO Michael McGuinness reflected on a tenure that’s been marked by service, stability and impressive membership growth, as chapter leaders touted a record of persistent yet professional advocacy that has earned the respect of both industry executives and government officials throughout the state.

Features
High praise: NAIOP leaders pay tribute to outgoing CEO McGuinness

We asked commercial real estate industry leaders for their thoughts on NAIOP New Jersey CEO Michael McGuinness, who is retiring next month after more than 25 years in the role.

People
Azarian Group promotes Pelio to executive vice president

The Azarian Group LLC, the Midland Park-based commercial real estate firm, has promoted Kevin Pelio to executive vice president.

Office
Sheldon Gross: Lens maker buys 13,000 sq. ft. North Plainfield office building for $1.4 million

An optic lens maker has acquired a nearly 13,000-square-foot office building in North Plainfield, brokers with Sheldon Gross Realty announced Tuesday.

Office
C&W: Nashville-based buyer enters New Jersey market, inks $40 million medical office deal

The Silverman Group has shed more than 130,000 square feet of medical office space in New Jersey, selling a portfolio in Essex and Union counties for more than $40 million.

Professional Services
Garibaldi Group broker, cancer survivor, completes first deals after joining firm

The Garibaldi Group’s newest broker has inked his first two deals for the firm, completing office leases in May that allowed two clients to find new space in Morris County.

Office
Historic camera maker opens new 12,000 sq. ft. North American headquarters at Glenpointe

A global camera manufacturer has unveiled its new North American headquarters in Teaneck after leasing space last spring at Alfred Sanzari Enterprises’ flagship Glenpointe campus.

Office
Silverman Group sells two-building, 122,000 sq. ft. Morristown office park for $22 million

The Silverman Group has sold more than 122,000 square feet of office space in Morristown for $21.5 million, in a newly announced deal by Cushman & Wakefield.