Volkswagen’s U.S. subsidiary has renewed its 12,000-square-foot lease at a Woodcliff Lake office building, under a lease announced this week by brokers with JLL.
New Jersey’s largest office lease of the year to date is official. Brokers with JLL this week announced the completion of Teva Pharmaceuticals USA Inc.’s 345,000-square-foot lease at 400 Interpace Pkwy. in Parsippany, known as MCCBLUE, under a deal with P3 Properties.
A housewares wholesaler has leased 3,300 square feet at Heights Plaza, the 200,000-square-foot Hasbrouck Heights office building owned by Alfred Sanzari Enterprises.
Four tenants have combined to lease nearly 68,000 square feet at One Newark Center, the 423,000-square-foot office tower in downtown Newark, including the iconic top-floor space that was the longtime home of The Newark Club.
A building in downtown Camden that was once the epicenter of recorded music is now poised to become Class A office space, under a plan to restore the historic property while honoring its past.
A pharmaceutical firm is moving its U.S. headquarters to a newly renovated building in Warren, under a 14,280-square-foot lease announced Friday by JLL.
Slowly but surely, developers have begun to chip away at one of New Jersey’s most chronic issues when it comes to commercial real estate — the abundance of obsolete, aging office buildings that are no longer considered usable by modern standards.
As New Jersey has shown, the industrial sector has become the new darling of commercial real estate in recent years. That was all too clear from the sold-out crowd of more than 850 development executives and other key players who descended on this year’s I.CON event in Jersey City.
