A six-building office park outside Princeton is on the market for sale, offering more than 500,000 square feet with value-add potential in one of the state’s top submarkets.
The owner of a Bergen County office building has tapped JLL as its leasing agent, offering 50,000 square feet of contiguous space across the property’s top two floors.
A contract research organization has leased nearly 27,000 square feet of office space in Plainsboro, in a newly announced deal by Commercial Property Network Inc.
Office vacancy in northern and central New Jersey continued upward in early 2023, driven by a slowdown in leasing and large blocks of space flooding the market, even as high-end buildings remained a draw for tenants seeking a more modern work environment.
Invesco Real Estate and The Hampshire Cos. have obtained a $34.5 million construction loan to build nearly 188,000 square feet of new industrial space in Bergen County.
A joint venture has acquired a nearly 222,000-square-foot industrial building in Teterboro with the help of $39 million in financing secured by JLL, the debt placement team said Tuesday.
The developer of a new distribution center in Bayonne has secured funds to refinance the nearly 196,000-square-foot property, according to a debt placement team with JLL.
An investment group has purchased a nearly 101,000-square-foot office building some five miles from downtown Princeton, in a newly announced deal by JLL.
Speaking at IOREBA’s annual Developers Night, a panel of industry leaders offered both optimism and assuredness, but also frustration about a market that is still fundamentally strong in many respects but grinding along in the face of economic headwinds.
