Kia was represented by Gregg Najarian, corporate managing director in the Hackensack office of Studley, and David Kim, who holds the same title in Studley's Los Angeles office. Boston Properties was represented in-house. Terms of the lease were not released.

"The move puts us closer to the New York metropolitan market, while still giving us access to Philadelphia, also an important market for Kia," says Michael Tocci, the company's director of operations for the Eastern region.

"Location was the key factor," Najarian says. "This building is directly off the New Jersey Turnpike, and is centrally located to Kia Motors' regional network of dealerships."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.