The state’s office market took modest steps toward a recovery in the third quarter, as the pace of new listings slowed and as renewals helped sustain leasing activity in many locations.
A global health services company is taking down a major piece of the former Honeywell International campus in Morris Plains, where it will reportedly lease some 200,000 square feet.
With nearly a dozen acquisitions and more than $750 million in combined investment — all since spring 2018 — The Birch Group is exceedingly bullish on northern New Jersey’s office market and the expected return to work in top-tier locations.
The northern New Jersey office market continued to weaken in the first quarter, with large availabilities mounting as companies shed excess space and continue to work remotely.
The new owner of the 465,000-square-foot former Honeywell headquarters building in Morris Plains has selected CBRE as its leasing agent at the property.
A division of Rubenstein Partners LP has closed $57 million in financing to the buyer of the 465,000-square-foot former Honeywell International building in Morris Plains.
Honeywell International has offloaded its 465,000-square-foot former headquarters building in Morris Plains, selling the property to a Manhattan-based investment firm.
