According to NAI Fennelly, the independent full-service commercial real estate firm has closed 110,534 square feet in office leases and sales in Central New Jersey throughout the first half of the year.
“Today’s office market is among one of the most complex I have ever seen in my decades long career,” said President Jerry Fennelly in a statement issued June 30 with news of the accomplishment.
“The search for spaces that provide the combination of in-demand amenities, highly respected ownership and great locations has continued to drive activity throughout suburban markets as workers make their way back to the office,” he continued. “However, in today’s environment, tenants and landlords continue to face unique challenges in their respective office space decisions, making it even more critical that they work with an experienced real estate services team to help them find the solutions that align with their business goals.”
In order to help make those decisions, NAI Fennelly says its understanding of the Garden State’s Central corridor and eastern Pennsylvania markets – coupled with the firm’s relationships, experience and local market data – have set it apart, especially since the start of the pandemic, as a resource for clients.
NAI Fennelly recently negotiated
- a 3,750-square-foot lease with CrossState Credit Union Association at 2000 Waterview Drive in Hamilton,
- a 2,600-square-foot lease with Inceptua Group at Princeton Forrestal Village in Plainsboro, and
- the sale of a 27,863-square-foot flex/office building at 22 Abeel Road in Monroe for $3.8 million.