EAST HANOVER, NJ-Market Research firm GfK Healthcare has renewed its 16,000-square-foot lease at 120 Eagle Rock Avenue here, says Cushman & Wakefield, who represented the tenant.
GfK HealthCare, the largest provider of integrated custom health care marketing research in the world, has been a tenant at the class A property since 2001. The current deal required a recast of the property.
“My client’s needs have shifted over the past decade,” says Curtis Foster of C&W’s East Rutherford office. Foster also brokered the firm’s initial lease at the Wells Fargo Real Estate Funds-owned property. Jeff Heller of CBRE serves as the building’s leasing agent. “Like all smart companies today, GfK HealthCare is focused on maximizing efficiencies and increasing densities,” he adds. “Wells Real Estate Funds facilitated a significant reconstruction of the company’s space.”
The rent was not disclosed to GlobeSt.com, but asking rates in East Hanover range from $12 per square foot to $23 per square foot, according to Showcase.com.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
