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.

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.

Office
Physical therapist inks 2,200 sq. ft. renewal in Princeton, CPN says

A physical therapy practice has renewed its lease at a Princeton office building, in a newly announced deal by Commercial Property Network Inc.

Office
JLL: Princeton office building trades for $12.7 million in deal between Nessel, SFA

An investment firm has sold a nearly 72,000-square-foot office building in Princeton for $12.7 million, in a newly announced deal by JLL.

Office
CPN inks deals in Pennington with development firm, printing company

A developer focused on sustainability has leased more than 1,300 square feet of office space in Pennington, in one of two new deals in the borough by Commercial Property Network Inc.

Government & Public Policy
EDA unveils $25 million program to help rescue vacant, underused commercial sites

The state Economic Development Authority has launched a funding program to help reposition properties such as vacant or underused office parks, malls or health care facilities, in another move aimed at rescuing many of New Jersey’s so-called stranded assets.

Top News
Virtua seeking buyer for 110-acre development site in Burlington County, WCRE says

Virtua Health is seeking a buyer for a 110-acre parcel in the Burlington County township of Westampton, in a newly announced offering by Wolf Commercial Real Estate.

Office
Marcus inks $13 million sale of 28,000 sq. ft. office, retail property in downtown Red Bank

An investment group has sold a mixed-use building in downtown Red Bank for $12.75 million, or more than $450 per square foot, in a deal arranged by Marcus & Millichap.

Office
Sanzari touts lease expansion at Glenpointe by waste collection, recycling firm

A waste collection and recycling firm has expanded at the Glenpointe campus in Teaneck, where it now leases nearly 18,000 square feet from Alfred Sanzari Enterprises.