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Atrium Corporate Park Fills 125,000 SF

SOMERSET, NJ-Five separate leases collectively fill some 15% in the four-building park. It bucks the trend of vacancy along the I-287 corridor.

By Sean Ryan | Updated on May 18, 2007

SOMERSET, NJ-Five leases have taken over 124,545 sf of space off the market at the 852,400-sf Atrium Corporate Park, close to 15% of the park. Terms of the leases were not disclosed. All five were signed in the first months of this year, with three coming in the past month and a half.

The largest of the five is with Hanover Insurance, which signed for 46,229 sf at 400 Atrium Dr. CB Richard Ellis and GVA Williams of New Jersey co-brokered the deal for the tenant. The Jones Lang LaSalle team of Susan Mason, senior vice president, Thomas Reilly, executive vice president, and Brian Cass, leasing specialist, represented Atrium owner LaSalle Investment Management, in this and the other four leases.

The other four leases are all for 300 Atrium Dr. Turner Construction has taken 30,000 sf, in a deal GlobeSt.com reported in April. Turner is relocating its New Jersey regional office from a nearby site, and was represented by Cushman & Wakefield. JLL account manager Pedro Coto assisted the JLL team on the ownership’s side.

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