Office
KPMG leases 66,000 sq. ft. at Morristown’s HQ Plaza, slated to move from Short Hills in 2026

KPMG has taken 66,000 square feet at Morristown’s HQ Plaza complex, marking the latest high-profile addition to the town’s roster of major corporate tenants.

Current Issue
Owners Council Q&A: Mark Shearer

Tenant activity for industrial has increased over the past few months and is closer to historic norms. We are seeing increased activity in the capital markets.

Top News
Trump picks longtime construction, project executive Walsh as ambassador to Ireland

President-elect Donald Trump has named Ed Walsh, a veteran construction executive and well-known figure in New Jersey commercial real estate, as the next U.S. ambassador to Ireland.

Professional Spotlight
JLL

JLL Capital Markets facilitated the sale, joint venture acquisition equity and debt placement for 1 Electronics Drive, a 16-acre flex/industrial property located in Hamilton, Mercer County, New Jersey. Acting on behalf of the seller BTR Capital Group, JLL Capital Markets arranged the sale to Saxum Real Estate. Additionally, working on behalf of the new owner, JLL secured joint venture equity from Meadow Partners along with acquisition financing from Prime Finance.

Residential & Mixed Use
Winfield, Christie’s launch leasing at new 26-unit rental project in Morristown

Winfield Properties has taken the wraps off a new 26-unit luxury apartment building in downtown Morristown, with move-ins slated to begin this month.

Professional Services
Tavern, sushi restaurants with shared kitchen open in Morristown in latest Stone Creek project

Two restaurants have opened new locations in downtown Morristown, operating with a shared kitchen as part of a project completed by Stone Creek Construction Group.

Retail
Sheldon Gross: Stone fabricator, installer inks 850 sq. ft. renewal in Morristown

A stone fabricator and installer has signed an 850-square-foot lease renewal for its storefront in downtown Morristown, in a deal arranged by Sheldon Gross Realty.

Office
Sanofi looks to sublease part of new flagship office at 260,000 sq. ft. Morristown building

Pharmaceutical giant Sanofi is looking to sublease part of its new U.S. headquarters in Morristown, where it’s slated to occupy the new 260,000-square-foot M Station West building currently under construction.

Top News
Kalafsky inducted as IOREBA president to lead networking group’s 2024-25 board

A new board is at the helm of the Industrial and Office Real Estate Brokers Association after being inducted during the group’s annual golf, tennis and pickleball outing in mid-June.

Residential & Mixed Use
Herskowitz joins SAGE Investment Real Estate Advisors as principal

SAGE Investment Real Estate Advisors has welcomed veteran multifamily broker Eli Herskowitz as the newest principal with its Morristown-based team.