EverWest Real Estate Investors has hired an industry veteran as its director of property management in New York and New Jersey, citing its continued growth in the region.
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.
A provider of sustainable refrigerant products has leased more than 7,000 square feet of office space in Woodcliff Lake, in a newly announced deal by The Arlington Group.
The owner of a Woodcliff Lake office building has detailed its new lease with Party City’s parent company, which will bring its headquarters to the property in 2022.
With the recent approval of the first awards under Emerge, the state’s new jobs-based tax incentive program, officials and other insiders expect to see a measured pace of applications for a subsidy that was designed to be more discerning and targeted than its predecessor.
Party City will in fact move its corporate headquarters to Woodcliff Lake, where it will lease more than 200,000 square feet to backfill a soon-to-be-vacant office building.
The state’s office market took modest steps toward a recovery in the third quarter, as the pace of new listings slowed and as renewals helped sustain leasing activity in many locations.
State officials have approved a nearly $10 million tax credit that would pave the way for Party City Holdings Inc. to lease more than 200,000 square feet of office space in Woodcliff Lake.
A growing number of tenants are searching for office space in New Jersey, providing a reason for optimism even as vacancy continued to climb heading into the summer.
