NJ’s Aging Office Buildings - New York News

NJ’s Aging Office Buildings

Posted: Updated:
Bridgewater, New Jersey (My9NJ) - Between 1980 and 1990, 80% of New Jersey’s office buildings were constructed. Now, due to changes in the labor force, outsourcing and the ability to telecommute, many of these structures are now obsolete.

While some if these buildings become abandoned or are simply torn down, there are those that are being repositioned into town centers.

For example, a 1.2 million square foot facility in Bridgewater that was previously owned and operated by Sanofi, is getting a makeover. Today, it is owned in partnership with Advance Realty and CrossHarbor. The President and CEO of Advance Realty, Peter Cocoziello discussed the current layout of the facility and why a space like this might not work in today’s day and age.

“Most of the corporations today, they are looking to be a little bit more nimble, they are consolidating, technology allows them to consolidate, so you’re seeing all of those factors weigh in here,” Cocoziello said.

Gil Medina, the Executive Vice President of CBRE the world’s largest commercial real estate services firm, discussed the ability to reposition a complex like this. “What we’re finding is that these assets can be repositioned very successfully,” he said.

This particular facility will eventually be transformed into housing units, retail, a hotel, restaurants and more.

Dr. James Hughes, the Dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University weighed in on how modern age advancements have played a huge role in the way that people work. "Information technology has dramatically improved and productivity has dramatically improved. Jobs were eliminated by information technology or outsourced," he said.


Watch Chasing New Jersey weeknights at 10pm on My9 and don’t forget to like us on Facebook!

  • Chasing New JerseyMore>>

  • "Weed School" Comes To Atlantic City

    "Weed School" Comes To Atlantic City

    Tuesday, August 26 2014 10:42 AM EDT2014-08-26 14:42:05 GMT
    California based Oaksterdam University believes marijuana is the next big industry and this weekend they brought their classes to the Bally's Casino in Atlantic City to teach people the techniques and laws behind growing marijuana. Since 2007 Oaksterdam has taught over 20,000 students how to grow marijuana and their dean, Dr. Aseem Sappal, believes that legalization is inevitable so it makes sense to be prepared.
    California based Oaksterdam University believes marijuana is the next big industry and this weekend they brought their classes to the Bally's Casino in Atlantic City to teach people the techniques and laws behind growing marijuana. Since 2007 Oaksterdam has taught over 20,000 students how to grow marijuana and their dean, Dr. Aseem Sappal, believes that legalization is inevitable so it makes sense to be prepared.
  • NJ Transit Buses On-Schedule Only 68% Of The Time

    NJ Transit Buses On-Schedule Only 68% Of The Time

    Tuesday, August 26 2014 10:40 AM EDT2014-08-26 14:40:59 GMT
    New Jersey Transit bus commuters have consistently been complaining about late buses, and only recently NJT has really begun working to fix the problem. NJT has been using new data that shows that buses only show up on-schedule 68% of the time. In June, the transit system said that buses were on-schedule 86% of the time, but their previous method for measurement wasn't quite up-to-par.
    New Jersey Transit bus commuters have consistently been complaining about late buses, and only recently NJT has really begun working to fix the problem. NJT has been using new data that shows that buses only show up on-schedule 68% of the time. In June, the transit system said that buses were on-schedule 86% of the time, but their previous method for measurement wasn't quite up-to-par.
  • Warehouse Offers Back To School Shopping At Huge Discount In Toms River

    Warehouse Offers Back To School Shopping At Huge Discount In Toms River

    Tuesday, August 26 2014 10:39 AM EDT2014-08-26 14:39:47 GMT
    It's back to school season and with that comes both anxiety and excitement for kids and parents. Anxiety especially for those parents less fortunate and unable to keep up with the social pressures to buy their kids the latest trends and gear for school. That's where the Ocean County Hunger Relief organization in Toms River comes in. The organization's warehouse and thrift store has recently been stocked with new fashions from top brands at affordable prices!
    It's back to school season and with that comes both anxiety and excitement for kids and parents. Anxiety especially for those parents less fortunate and unable to keep up with the social pressures to buy their kids the latest trends and gear for school. That's where the Ocean County Hunger Relief organization in Toms River comes in. The organization's warehouse and thrift store has recently been stocked with new fashions from top brands at affordable prices!
  • Local NewsLocal NewsMore>>

  • NJ girl accidentally kills gun instructor

    NJ girl accidentally kills gun instructor

    Tuesday, August 26 2014 7:12 PM EDT2014-08-26 23:12:52 GMT
    A 9-year-old girl from New Jersey accidentally killed an Arizona shooting instructor as he was showing her how to use a fully automatic Uzi, authorities said Tuesday. Charles Vacca, 39, of Lake Havasu City, died Monday shortly after being airlifted to University Medical Center in Las Vegas, Mohave County sheriff's officials said.
    A 9-year-old girl from New Jersey accidentally killed an Arizona shooting instructor as he was showing her how to use a fully automatic Uzi, authorities said Tuesday. Charles Vacca, 39, of Lake Havasu City, died Monday shortly after being airlifted to University Medical Center in Las Vegas, Mohave County sheriff's officials said.
  • Fighting street harassment

    Fighting street harassment

    Tuesday, August 26 2014 6:37 PM EDT2014-08-26 22:37:24 GMT
    New York City women are tired of hearing vile things yelled at them as they walk down the street. Many women are going public about street harassment and catcalling. Some even post picture of their offenders on social media. Founded in 2005, Hollaback! is an anti-harassment organization giving women a platform to do just that.
    New York City women are tired of hearing vile things yelled at them as they walk down the street. Many women are going public about street harassment and catcalling. Some even post picture of their offenders on social media. Founded in 2005, Hollaback! is an anti-harassment organization giving women a platform to do just that.
  • Street Stories

    NYC homelessness and panhandling

    NYC homelessness and panhandling

    Tuesday, August 26 2014 5:08 PM EDT2014-08-26 21:08:08 GMT
    Homeless people still sleep under the Manhattan Bridge, but others who used to camp out near its base have been displaced by police and are now calling Park Avenue South home. Park Avenue South sits in one of the trendiest parts of Manhattan, with businesses, restaurants, hotels, and swank lofts. It's also the street corner home base of Tommy Lanfranchi and his domestic partner Nicole Kilroy, who've been in a methadone program for 10 years.
    Homeless people still sleep under the Manhattan Bridge, but others who used to camp out near its base have been displaced by police and are now calling Park Avenue South home. Park Avenue South sits in one of the trendiest parts of Manhattan, with businesses, restaurants, hotels, and swank lofts. It's also the street corner home base of Tommy Lanfranchi and his domestic partner Nicole Kilroy, who've been in a methadone program for 10 years.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices