Office leasing in northern New Jersey hit a two-year high at the end of 2021, thanks in part to large-scale deals by prominent banking and law firm tenants in the state.
The owner of a Woodcliff Lake office building has detailed its new lease with Party City’s parent company, which will bring its headquarters to the property in 2022.
With the recent approval of the first awards under Emerge, the state’s new jobs-based tax incentive program, officials and other insiders expect to see a measured pace of applications for a subsidy that was designed to be more discerning and targeted than its predecessor.
Party City will in fact move its corporate headquarters to Woodcliff Lake, where it will lease more than 200,000 square feet to backfill a soon-to-be-vacant office building.
State officials have approved a nearly $10 million tax credit that would pave the way for Party City Holdings Inc. to lease more than 200,000 square feet of office space in Woodcliff Lake.
A global pharmaceutical company is moving its U.S. headquarters to Prism Capital Partners’ ON3 campus, having signed a full-building lease for the site’s landmark 15-story office tower.
Onyx Equities LLC is taking over as asset and property manager for Gramercy Property Trust’s three-building, nearly 600,000-square-foot office portfolio in New Jersey, the firms announced.