Studio 1200 has completed its design of JLL’s new office space in Parsippany, creating what it says is a classic yet contemporary workplace for the real estate services firm.
Onyx Equities is moving ahead with plans to raze an obsolete, 1960s office building in Mahwah and redevelop the site as a new 120,000-square-foot industrial building.
In New Jersey’s booming industrial market — where rent growth is unprecedented and speculative development is rewarded — owners and investors still face a major challenge when it comes to deploying capital and keeping their pipelines filled.
Alfred Sanzari Enterprises has teamed with JLL to lease and manage its flagship Glenpointe complex in Teaneck — the first such partnership for the developer in its 73-year history.
A growing pipeline of young life sciences firms has offered a second chance for New Jersey’s stock of legacy laboratory space. In the process, the ventures have served as anchors for developers seeking to repopulate large, vacant pharmaceutical campuses with turnkey laboratories.
For all of the success in backfilling New Jersey’s legacy lab space, doing the same for vacant pharmaceutical manufacturing buildings has been decidedly more difficult.
Leasing volume in New Jersey’s office market has trended downward since last year, but observers are finding reasons to be optimistic heading into the spring.
