SUMMIT, NJ-The owners of Summit Executive Center, a headquarters-quality office space in downtown Summit that will be completed in June, have signed a lease with Callan Associates for 5,500 square feet. That brings the 65,000-square-foot property to 80% leased.
Mark Yeager, an industry veteran who leads a partnership with Normandy Real Estate Partners in development of the property, says it is a “remarkable achievement” to have pre-leased most of a professional office building in a recovering office market. “It is a testament to the high-quality business environment we are creating at Summit Executive Center,” says Yeager.
CBRE is the exclusive leasing agent for the project, which had signed a global management-consulting firm as the anchor tenant prior to the start of construction last year. The tenant, which the owners have not identified, will occupy about half the building.
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