A new market report by JLL found that office vacancy in southern New Jersey is at an all-time low, following a first quarter that saw the region outperform greater Philadelphia as a whole.
Urban Edge Properties is acquiring seven retail centers totaling 1.5 million square feet as part of a $325 million acquisition, including assets in four heavily traveled New Jersey submarkets.
Investment sales volume is on the rise for office buildings in three southern New Jersey counties, with nearly 800,000 square feet changing hands to start the year and another 2.7 million square feet on the market or under agreement.
The owner of a Cherry Hill office building has landed its third new tenant in the past six months with the signing of a 3,310-square-foot lease, according to brokers with NAI Mertz.
NAI Mertz might be the largest independent commercial real estate brokerage in southern New Jersey, but Barry Mertz will never forget the company’s humble beginnings.
After all, working with his wife Faye is a daily reminder of how it all started.
Office leasing in three southern New Jersey counties saw a slight uptick in late 2016, according to a new report, pushing vacancy in the region to just under 11 percent to end the year.
An orthopedic practice has acquired a 12,000-square-foot office building in Cherry Hill for $1.2 million, real estate services firm Colliers International said.
