Commercial real estate investors across five New Jersey counties took a cautious approach during the coronavirus outbreak, as transaction volume fell through the first half of the year.
New Jersey’s office market saw two major leases and a pair of blockbuster sales in the first quarter, headlining an active start to the year before the onset of the coronavirus crisis.
Accounting firm Wiss & Co. LLP has leased more than 40,000 square feet at a Florham Park office campus, in the largest of several newly announced transactions by Avison Young.
A biopharmaceutical company is leasing more than 9,000 square feet as part of a move to a Florham Park office campus, in a newly announced transaction by The Garibaldi Group.
An affiliate of KBS has sold a six-building, 1.19 million-square-foot office park in Florham Park for more than $300 million, in a transaction arranged by CBRE.
