Health Care & Life Sciences
Growing aesthetic, longevity clinic takes 2,200 sq. ft. in Warren, Deluccia says
A medical aesthetic and longevity practice has leased nearly 2,200 square feet at a Warren commercial property, in a deal arranged by Deluccia Commercial Group.
Wellness practice for active adults, families leases 3,700 sq. ft. in Livingston, CBRE says
A health care user has taken more than 3,700 square feet at a mixed-use commercial property in Livingston, in a newly announced deal by CBRE.
JLL sources $48 million refi loan for 165-unit senior housing portfolio in Bergen, Rockland
The owners of senior housing communities in northern New Jersey and the Lower Hudson Valley have refinanced the portfolio for $48 million, brokers with JLL said Monday.
Azarian: Pearle Vision leases 2,400 sq. ft. at Route 1 shopping center in Metuchen
A new Pearle Vision is opening in Metuchen after taking space at a highway commercial property, according to a brokerage team with Azarian Realty Co.
From boardrooms to bedrooms (and big boxes): Inside New Jersey’s office conversion boom
Empty office buildings and half-vacant corporate campuses have become a familiar sight in New Jersey. In the wake of the pandemic, and the rise of remote and hybrid work, companies are using less space and leaving behind millions of square feet of surplus offices. At the same time, there’s a pressing need for housing and modern industrial facilities. It’s no surprise then that developers in the Garden State are increasingly turning these underused offices into multifamily residences and warehouses. This white paper explores the scale and characteristics of New Jersey’s office conversion boom focusing on the transformation of offices into residential and industrial uses as well as the impact it will have on developers, investors and occupiers.
