The look, feel and function of the post-pandemic workplace is still uncertain, but a technology firm’s recent expansion in Jersey City is a reminder of why companies will still need office space going forward.
The Liberty Science Center has broken ground on a sweeping, $300 million expansion that will add a new business incubator, a high school and 400 apartments to its campus in Jersey City.
Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.
A fruit bowl restaurant and a Verizon dealer are among the newest tenants for an area landlord in Middlesex County, following separate leases announced this week by Pierson Commercial.
The owner of a 385,000-square-foot office complex in Livingston has a new partner at the property after a recapitalization arranged by Cushman & Wakefield, the brokerage said.