Joint venture partners will build two new residential communities, Greystone and Ashton Park, totaling 221 detached single-family homes priced from the mid-$200,000s to be open for sale by early 2019.

“Prospect Place represents the right mix of infill Northern New Jersey multifamily product with renovation upside,” HFF's José Cruz says.

In less than a decade, AT&T, Toyota, NTT Data and Comerica have all made headlines with relocations and expansions in the region, and there is more than 10 million square feet of office space slated by 2020.