An investment firm has added yet another high-end office building in the Metropark submarket, acquiring a 110,000-square-foot property from an affiliate of The Hampshire Cos.
A team led by two of the state’s top industrial brokers has joined Cushman & Wakefield, bringing a vast network of owner and occupier clients in an asset class that has soared to unprecedented levels in recent years.
A landlord has kicked off a renovation of a well-known office building in Woodbridge, having tapped Avison Young to spearhead the multimillion-dollar project.
An investment firm has sold a three-year-old, 48-unit apartment building in Woodbridge for nearly $16 million, in a transaction arranged by Cushman & Wakefield.
KBS has sold a nearly 630,000-square-foot office campus in Woodbridge for $88 million, in a transaction arranged by Newmark’s New Jersey-based capital markets team.
Mack-Cali Realty Corp. has sold four office buildings in the Metropark submarket for $254 million, as it sheds another key piece of its once-sprawling suburban portfolio.
Office leasing in New Jersey rebounded modestly in the third quarter, even as the pandemic continues to weigh on the market and fuels a sizable uptick in availabilities.
The new owner of a nine-story office building in Woodbridge has tapped Avison Young as its leasing agent, following the brokerage team’s success at a large campus in Morris County.
