Office
NAIDB: Westfield office building to become swim school after $2.2 million sale
A swim school operator has acquired a 9,700-square-foot office building in Westfield for more than $2.2 million, according to a listing team with NAI DiLeo-Bram & Co.
For NAIOP New Jersey, return of food bank volunteer day highlights fresh focus on community action
NAIOP New Jersey’s day of service this summer came amid its renewed focus on community action, one of six goals outlined in a four-year strategic plan unveiled earlier this year.
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.
Owners of NEST campus in Kenilworth launch major update of common spaces, amenities
The team behind the high-profile Northeast Science and Technology Center in Kenilworth have kicked off a multimillion-dollar renovation of the site’s anchor building, with plans to create 75,000 square feet of new amenities and common spaces for current and future tenants.
IT provider takes 7,600 sq. ft. in Pennsauken for new headquarters, Vantage Commercial says
A managed information technology provider has leased more than 7,600 square feet of office space in Pennsauken, brokers with Vantage Commercial announced Thursday.
