The longtime owner of two Newark apartment buildings has sold them for $4.8 million, in a 68-unit trade brokered by Cushman & Wakefield’s Metropolitan Area Capital Markets Group.
Prism Capital Partners has officially rebranded the former Hoffmann-LaRoche campus in northern New Jersey, while picking Cushman & Wakefield to market the office space that will anchor one of the state’s most high-profile redevelopment projects.
Cushman & Wakefield has been tapped to market the 535,000-square-foot former Chubb Insurance headquarters in Warren, now one of the largest blocks of available space in New Jersey.
Many of the state’s top office brokers turned out last week for an up-close look at a sleek new flexible stay community in Florham Park and the site of a new corporate office building that could soon rise alongside it.
After building its presence in suburban Morris County, Vision Real Estate Partners has planted a flag in downtown Morristown with the acquisition of a 150,000-square-foot office building.
The Rockefeller Group is moving ahead with the next piece of its master-planned redevelopment site in Florham Park — a proposed build-to-suit office building that the firm is now marketing to prospective tenants.
New Jersey’s two largest cities started the year with high-profile office deals, but consolidations have caused an uptick in vacant space for the regional leasing market in the state.
