Avison Young is touting the completion of a new medical office building in Essex County, following a recent unveiling by a development team and health care leaders.
With 2020 underway, owners of New Jersey office buildings are closely watching Trenton to see if the state will pass new tax incentives to attract employers. That’s one of the key issues and trends likely to drive the office market this year, according to interviews with brokers and landlords. In fact, observers say the fate of tax incentives will have more impact on New Jersey’s office market than the presidential election.
A pizza concept is joining the retail mix at an office building in Jersey City, whose owner has committed more than $10 million to reposition and upgrade the nine-story property.
A global banking organization has extended its commitment at a Woodbridge office park, where it occupies more than 53,000 square feet under a lease with KBS.
Office tenants continued their flight to new and improved spaces as 2019 came to a close, furthering the case for landlords to upgrade or redevelop New Jersey’s aging stock of buildings.
Onyx Equities and DRA Advisors have picked Newmark Knight Frank as their leasing agent for a newly repositioned, two-building office campus in Paramus.
SJP Properties has hired a veteran property manager to support its growing line of construction services and other third-party offerings.
With upgrades underway at a 120,000-square-foot office building in Hoboken, the property’s owner has tapped Newmark Knight Frank as its new leasing agent.
An investment firm has acquired a 179,000-square-foot office park in Westchester County, in a transaction arranged by Newmark Knight Frank’s New Jersey-based capital markets team.