Demand for industrial space is still robust in New Jersey despite concerns about the economy, as rents and occupancy grew in 2022 even amid a slowdown from prior years.
Global pharmaceutical firm AbbVie has leased more than 90,000 square feet in Florham Park, where it will occupy part of the acclaimed BASF North American headquarters building.
Office leasing in New Jersey rebounded in 2022, showing notable improvement from a year earlier despite a mixed fourth quarter and ongoing economic uncertainty.
Treetop Development has acquired three properties in Bridgewater for $27 million, adding a medical office building and two adjacent lots that it hopes to develop as industrial space.
The owner of a nearly 47,000-square-foot office building in Secaucus has inked two new leases at the property, in a set of newly announced deals by NAI James E. Hanson.
Veris Residential Inc. is seeking a buyer for two additional pieces of its Harborside campus in Jersey City, following news that it was under contract to sell its three flagship office buildings at the property for $420 million.
A court reporting agency has renewed its lease of more than 20,000 square feet at a Livingston office building, in the largest of several newly announced deals by CBRE.
The buyers of 101 Hudson St. in Jersey City have secured $328 million in debt and equity financing for the 42-story, 1.35 million-square-foot office tower.
