jll – Page 98 – Real Estate NJ

Finding new life: Young pharma, biotech firms offer second chance for New Jersey’s legacy R&D space

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.

Health Care & Education

Limited options for pharmaceutical manufacturing

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.

Health Care & Education

Cities: The next frontier for New Jersey R&D

As young life sciences companies search for lab and R&D space, Dan Loughlin sees a new frontier emerging in the years to come — urban centers.

Office

N.J. office market shows upside, reports say, despite tepid leasing

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.

Office

JLL named leasing agent for Little Falls office complex

JLL has taken over leasing at a well-known, 415,000-square-foot office complex along Route 46.

Office

Repositioned office campus in Bridgewater sells for $46 million

An investment firm has sold a Bridgewater office campus for $46 million, nearly double the amount it paid for the property in 2015 before launching a series of upgrades.

Trend Watch

Retailer demand moves toward record-breaking absorption in 2018

Changes in consumption patterns continue to shift retailer demand away from brick-and-mortar storefronts to industrial facilities with immediate access to large swaths of the U.S. population. In 2017, traditional and e-commerce retailer requirements exceeding 200,000 square feet totaled 7.8 million, representing a 120 percent increase over the 2016 total of 3.6 million.