Mack-Cali Realty Corp. has agreed to sell 2.4 million square feet of office space in Parsippany and Madison to a joint venture led by Onyx Equities LLC, in a $288.5 million deal that sets up a plan to shed its entire suburban office portfolio.
The Hampshire Cos. has sold a 270,000-square-foot corporate headquarters building in Madison, the site of a sweeping project that transformed what had been a defunct call center facility.
An international design firm is eyeing continued growth in New Jersey after opening a new office in Madison in 2014 — a move that re-established its presence here — having grown its team from one to 32 while leading projects for a host of blue-chip corporate clients.
Mack-Cali Realty Corp. has completed a sweeping overhaul of its key suburban office portfolio, following more than $50 million in redesigns and renovations at buildings in the Parsippany, Short Hills, Metropark and Red Bank submarkets.
With nearly two-thirds of the units leased at its new upscale apartment building in Madison, Kushner Real Estate Group has unveiled everything else the property has to offer.
RXR Realty has completed the $368 million sale of six office buildings in Short Hills and Madison to Mack-Cali Realty Corp., according to HFF, in a high-profile trade involving one of the state’s most high-end suburban submarkets.
Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.
