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
Bell Works to become headquarters, studio hub for 24-hour sports gaming network

Somerset Development has landed another tenant at its Bell Works property in Holmdel after signing a long-term lease with the operator of a 24-hour sports gaming network.

Office
Veteran broker joins NAI Hanson office leasing team

NAI James E. Hanson has expanded its New Jersey office leasing team with the hiring of a longtime broker in the space, the Teterboro-based firm announced.

Office
C&W: Hampshire sells Metropark office building, adding to buyer’s growing portfolio

An investment firm has added yet another high-end office building in the Metropark submarket, acquiring a 110,000-square-foot property from an affiliate of The Hampshire Cos.

Retail
Dumont retail, office property trades for $5.9 million

A private investor has paid nearly $6 million to acquire a retail and office property in Bergen County, according to a brokerage team with Marcus & Millichap.

Finance & Capital Markets
Landlord inks $18 million loan for tristate retail, office portfolio, Meridian says

The owner of a retail and office portfolio in New Jersey and New York City has secured $18 million in financing for the properties, under a deal arranged by Meridian Capital Group.

Office
REIT selling 675,000 sq. ft. Sanofi campus in Bridgewater for $261 million

A real estate investment trust is selling the nearly 675,000-square-foot Sanofi U.S. headquarters campus in Bridgewater for $261 million, in a move that comes as part of its pivot toward a large-scale, necessity-based retail portfolio.

Office
MDC sells 227,000 sq. ft. Hackensack office building, C&W says

Mountain Development Corp. has sold a nearly 227,000-square-foot office building in Hackensack, in a transaction arranged by Cushman & Wakefield.

Top News
The best of The Briefing 2021

Dear readers, As we look ahead to 2022, we’re excited to look back at our top stories of 2021, including our most-read items and a few editor’s picks. You can catch up on our daily “best of” emails below. Happy…

Health Care & Education
Atkins sells long-held medical office buildings, tapping demand while seeking new opportunities

West Orange-based Atkins Cos. has sold some of its long-held medical office buildings in the region, capitalizing on surging investor demand for the asset class as it looks for more opportunistic ways to expand its portfolio.

Office
Deugen inks sale of 12,000 sq. ft. Bergen County office building

An investor has purchased a 12,000-square-foot office building in the Bergen County borough of Cresskill, under a newly announced deal by Deugen Realty Group.