The owner of a Princeton-area office building has inked three leases for a combined 20,000 square feet, brokers with Newmark Knight Frank announced Friday.
Office markets around New Jersey’s transit hubs are still outshining their suburban counterparts, with a widening gap in asking rents and continued interest from major tenants.
Normandy Real Estate Partners has sold a nearly 114,000-square-foot office building in the Princeton submarket, under a $19.5 million deal arranged by Newmark Knight Frank.
RXR Realty and The Blackstone Group have sold a two-building, 363,000-square-foot office portfolio in West Windsor, the home of BlackRock and other major tenants.
NAIOP New Jersey has announced the finalists for its coveted Deal of the Year awards, highlighting six of the state’s most impactful projects and transactions of 2018.
A well-known, Princeton-area brokerage team has joined JLL as part of the firm’s plan to launch a new office and expand its reach in the high-profile submarket.
Larken Associates is touting a 20 percent increase in leasing activity in 2018, part of a year in which it also added two New Jersey shopping centers to its regional portfolio.
A lack of new supply in New Jersey’s industrial market led to a year-end slowdown in leasing — despite high demand — setting up another year of robust activity for newly built warehouse and logistics space.
The KABR Group has acquired a two-building, 110,000-square-foot office complex in Princeton, CBRE announced, touting the buyer’s plans to reposition the property.
