Office and retail leases continued to dominate New Jersey and Pennsylvania market activity in recent weeks, while financial firms took advantage of the market's appetite for well-collateralized loans to helped clients reposition their financial obligations. Here are some highlights:
Leasing
RIDGEFIELD PARK, NJ–Franklin Templeton Investments has signed a 10-year lease for 13,000 square feet of new office space at KABR and Kushner Companies' 55 Challenger Road in Ridgefield Park, NJ. This new office is located in Overpeck Corporate Centre, which is home to several world-class corporations and conveniently located just minutes from New York City. "We are pleased to have secured such a well-appointed office space. The Overpeck Corporate Centre provides a very professional yet comfortable working environment for our employees," says Don Taylor, chief investment officer of Franklin Equity Group - US Value, the investment management team that will occupy the new office. The 13,000-square foot office offers amenities including a new lobby, cafeteria and gym for employees to enjoy.
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