Despite suffering the largest occupancy losses in nearly a decade, the northern New Jersey office market emerged from 2017 with reasons to be optimistic.
Three new leases and a renewal have contributed to more than 84,000 square feet of activity at a six-building office campus in Woodbridge, landlord KBS Realty Advisors announced.
Vision Real Estate Partners is set to welcome another large corporate tenant to its portfolio, following a 90,000-square-foot lease in Lawrenceville with an invoicing and payment software firm.
Newmark Knight Frank is marketing four office and industrial properties for sale in northern and central New Jersey, along with a construction-ready development site in Bergen County.
While office leasing in the state has been tepid for most of the year, financial technology firms in Mercer County have provided a rare bright spot in recent months.
PNC Financial Services has renewed and extended the lease at its 90,000-square-foot New Jersey headquarters in East Brunswick, in a deal announced by Newmark Knight Frank.
The site of former chemical factory on Route 46 in Ridgefield is up for sale, as its longtime owner nears the end of an environmental cleanup meant to pave the way for redevelopment.
Warehouse and distribution space in New Jersey has become a prized asset class among institutions and other major investors, leading to increased competition, surging prices and more creativity by those looking to add industrial to their portfolio.
Mack-Cali Realty Corp. has hired Newmark Knight Frank to sell six office buildings in Mercer County, as the company continues to trim its portfolio of suburban properties.