SECAUCUS, NJ–Two long-term leases were signed at a Meadowlands office building, with the tenants signing together as one entity taking 7,300 square feet.
Bergman Real Estate Group and Gottesman Real Estate Partners arranged the leases at 333 Meadowlands Parkway, a six-story building with a total of 138,000 square feet. The office part of the building is now close to fully occupied.
University Communications, Inc. and Fortressitx, LLC, jointly signed leases, with Cresa NJ's Edward M. English representing them in a deal that allows quick occupancy.
“As tenant reps, we focus 100% of our resources on the needs of tenants,” English said. “Part of that equation is knowing what landlords are a good fit for their business. In this case, we needed a building owned by a well-capitalized and locally based landlord that could work with them both now and in the future as they move forward with a growth strategy in New Jersey”
The Cresa broker said the location and recent property upgrades tipped the scales in favor of the Secaucus building.
U.S. Security Associates Holdings, Inc., a security guard service company, holds a 4,200-square-foot ground floor lease and is already occupying that space.
Part of the 980-acre Harmon Cove mixed-use campus, the building has abundant parking (some of it covered), a plaza patio with outdoor picnic tables, an on-site restaurant and an on-site building manager.
“These lease transactions bring the 114,000-square-foot Class A office portion of 333 Meadowlands Parkway to nearly 100% occupancy,” said John G. Osborne, Bergman's executive director of leasing and marketing. “We currently are seeking tenants for three retail/flex/medical units — a 2,176-square-foot space, a 3,309-square-foot space and a 2,818-square-foot former bank branch that would be a great fit for an office, retail or medical tenant.”
The property is located less than a mile from the Exit 15X interchange of the New Jersey Turnpike and Secaucus Junction train station
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.
