Office
Montvale office building sells for $14 million

A development and investment firm has reaped $14 million from the sale of a newly upgraded, 94,000-square-foot office building in Montvale, brokers with JLL announced.

Office
Private equity, real estate firms moving to Sanzari campus in Teaneck

Two companies are relocating to Alfred Sanzari Enterprises’ flagship Glenpointe campus in Teaneck, where they are taking a combined 7,300 square feet.

Office
Global pharma firm inks 117,000 sq. ft. lease in Bridgewater

A pharmaceutical company has leased 117,000 square feet at a Bridgewater office building, whose owner is planning a major renovation to transform and modernize the property.

Trend Watch
Transit hubs – full speed ahead

Transit hub markets continue to report lower vacancy rates and higher rental rates compared to the suburban New Jersey office market. Green signals expected to return as companies pursue office space in proximity to walkable amenity-rich areas with access to mass-transit.

Industrial
Silverman acquires 41,000 sq. ft. Somerset building, JLL says

The Silverman Group has acquired a 41,000-square-foot warehouse and office building in the Somerset section of Franklin, in a $3.6 million deal arranged by JLL.

Sponsored Content
Transit hub markets speed away from competition

Office buildings within the state’s transit hub market record lower vacancy rates and higher rents compared to suburban spaces, according to JLL’s annual research report. Companies continue to pursue office space in proximity to walkable amenity-rich areas and with access to mass-transit options for their workforces and clients.

Office
C&W: Upgraded Morristown building inks five leases

A nearly 85,000-square-foot lease by a global pharmaceutical firm is among several recent deals at a Morristown office building, where ownership has unveiled $7 million in upgrades.

Office
C&W: Pharma driving New Jersey office leasing in 2018

Teva Pharmaceuticals isn’t the only life sciences company to impact New Jersey’s office market this year, as several others have inked sizable leases to expand or upgrade their space.

Office
JLL: Transit hub office clusters still shine, despite 2017 hiccup

For all of the appeal of having office space near a train station, eight of New Jersey’s best-known “transit hub” submarkets took a collective step back in 2017, although they continue to stand apart from the state’s suburban highway corridors.

Office
Blau & Berg: Tenants ink 23,000 sq. ft. at Short Hills office building

The Blau & Berg Co. is touting strong activity at a Short Hills office building, where it completed five leases for nearly 23,000 square feet during the second quarter.