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Two Lease Renewals Total 441,000 SF

ROCHELLE PARK, NJ-Coca-Cola Enterprises and Tri-Coastal Design will stay where they are as third-time renewers.

By Eric Peterson | Updated on September 25, 2005

(To read more on the industrial market, click here.)

ROCHELLE PARK, NJ-Coca-Cola and Tri-Coastal Design Group have both renewed their leases for the third time at their existing locations in Northern New Jersey. The total amounts to 441,000 sf. In the larger of the two renewals, Coca-Cola Enterprises re-upped for the entire 243,000 sf of warehouse/distribution space it occupies at 118 Moonachie Ave. in Carlstadt, a building owned by ProLogis.

With the transaction, Studley has repped Coca-Cola in transactions totaling more than one million sf. “We explored the market for alternatives to a lease renewal,” says Thomas R. Carragher, SVP and branch manager of Studley’s North Jersey office here. “After looking at the options, we determined that a lease renewal enabled Coca-Cola to both reduce occupancy costs and maintain a good location for Northeast product distribution.”

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