Call me provincial, but I’m always fascinated these days when I hear that an established investor, developer or retailer that operates nationally is only now finding its way into the New Jersey market. With our labor pool, our consumer base and the all-important draw of being a discount from New York City, one can’t help but wonder what took them so long in the first place — especially in an expansion that goes back more than a decade.
An apartment owner has refinanced an eight-building, 222-unit complex in Parsippany for $12.7 million, in a newly announced transaction by Commercial Mortgage Capital.
An investor has purchased an 85,000-square-foot office building in Parsippany for $4.9 million, under a deal arranged by CBRE.
Office leasing in northern New Jersey hit a two-year high at the end of 2021, thanks in part to large-scale deals by prominent banking and law firm tenants in the state.
Larken Associates has negotiated a lease renewal with Saint Clare’s Health for 11,824 square feet of medical office space in Parsippany.
What will be a major environmental or sustainability concern for property owners in 2022? We assembled a panel of industry experts to tackle this month’s question.
Sax’s Real Estate Practice works hand-in-hand with owners, developers, operators, property managers, landlords, investors, family-owned companies and privately-held funds to reach their business objectives. Those we serve are industry professionals that are not just looking for an average accountant, but rather a partner in their business lifecycle, strategic decisions and long-term goals.
The Birch Group has secured more than $31 million in financing for its purchase of a nearly 266,000-square-foot office building in Parsippany, in a deal arranged by Cushman & Wakefield.
Developers are on track to remove nearly 9 million square feet of obsolete office space in New Jersey, as they repurpose the sites with in-demand uses such as industrial and apartments.