Market experts say large, high-profile office deals are likely still to come in New Jersey, despite the push for hybrid schedules and lingering questions about the return to work.
PTC Therapeutics has leased 360,000 square feet for a new corporate headquarters in Warren, in a deal that marks one of New Jersey’s largest office leases of the past decade.
Colliers has found a new home for its Parsippany-based team, leasing 7,500 square feet at a newly updated building owned by Vision Real Estate Partners.
Biopharmaceutical giant Gilead Sciences has leased nearly 100,000 square feet at a Parsippany office campus, with plans to open a highly anticipated East Coast hub by early next year.
A real estate brokerage has taken more than 11,000 square feet at a newly renovated office building in Morristown, in the largest of five deals announced by CBRE.
A national financial services firm has leased 7,600 square feet of office space in Morris County, in one of two newly announced deals by Chilmark Real Estate Services.
A joint venture has purchased a trio of Morris County industrial buildings totaling nearly 170,000 square feet, in a newly announced deal by Cushman & Wakefield.
Investment sales in a five-county swath of New Jersey rebounded in the first half of 2021, thanks to major deals in the industrial and office sectors and incremental growth in retail transactions.
