A pharmaceutical company has opened its new U.S. headquarters in Nutley, where it occupies some 300,000 square feet as part of Prism Capital Partners’ acclaimed ON3 campus.
An investment group has secured nearly $184 million in financing for its recent acquisition of a prominent office building in Hoboken, in a deal arranged by Meridian Capital Group.
A development team is planning a spring groundbreaking for the new 120,000-square-foot office building in Morristown that will become the headquarters of Valley National Bancorp.
Ware Malcomb is marking the completion of a new 30,000-square-foot office space in Newark that it designed on behalf of an engineering firm.
SJP Properties has regained full control of a three-building, 1.5 million-square-foot office and retail complex in Hoboken that it built over more than a decade, having reacquired the initial phase as part of a joint venture with David Werner Real Estate Investments.
Every year has its ups and downs. Every market has highs and lows. Both were true when it came to New Jersey’s commercial real estate sector in 2021, a year that marked ongoing dominance for some asset classes, as COVID-19 continued to loom over others. Whether those trends endure in 2022 remains to be seen, but we’ve recruited some of the industry’s most prominent developers, service providers and insiders to help set the stage. You can find their predictions, insights and more in our special 2022 Market Forecast.
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.
SJP Properties and Scotto Properties have completed the core and shell of a new building in Morristown that will house 110,000 square feet of office space for Deloitte LLP.