Search
 

71,000 SF of Office Leases Get Signed

ROSELAND, NJ-Multiple reported signings point to continued activity, albeit on the small side, with 20,200 sf the largest in this particular group.

By Eric Peterson | Updated on October 09, 2008

[IMGCAP(1)]ROSELAND, NJ-The financial markets and general economy notwithstanding, lease deals are still getting done, albeit on the small side. In recent days, 71,000 sf of activity has been chalked up, the common denominator in this case being that the multiple leases were orchestrated by Doug Gaffney, senior managing director in the local office of the Schultz Org., and associate Tony Georgiev.

“We’ve had some decent deals to report,” Gaffney tells GlobeSt.com. “The market is tough, but we have been fortunate on some decent tenant rep activity.”

[IMGCAP(2)]The largest of Gaffney’s signings was a lease by K. Hovnanian’s Coastal Division for 20,200 sf at First Properties Corp.’s 90,000-sf 5 Commerce Way in Hamilton. Also known as Gateway Centre 195, the two-story building was completed in 2007. Terms were not released.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.