Eastman Office Center, 651 W. Mount Pleasant Ave., Livingston, NJ

LIVINGSTON, NJ—Amenities and attractive locations drove strong office and retail leasing activity for Livingston-based Eastman Companies during the first half of 2017. About 30 transactions encompassing new leases and renewals totaling 120,000 square feet, were signed from January through June.

“The volume of transactions completed highlights the intrinsic value tenants find in our well-located, amenity-rich office and retail portfolio,” says Michael Schofel, Eastman's co-managing partner. “We expect this positive momentum to continue, and anticipate more new tenant leases and expansions in the second half of 2017.”

Significant year-to-date transactions include:

  • At Presidential Center, accounting firm Sobel & Company renewed and expanded its headquarters lease to more than 28,000 square feet.
  • Accounting and advisory firm PKF O'Connor Davies LLP renewed its 4,600-square-foot lease at Presidential Center. Sean Morley of CBRE negotiated the lease.
  • Genetic research and testing company Reprogenetics LLC expanded by 20,000 square feet at Regent Park. Andrew B. Zezas of Jones Lang LaSalle Brokerage Inc. negotiated the lease.
  • At 70 South Orange Avenue, mortgage lender E Mortgage Management leased 12,000 square feet. Nick Savage and Peter N. Shikar of CBRE negotiated the lease.
  • New York Life leased 6,000 square feet at Eisenhower Plaza. Derek DeMartino, George Gemelos and Nicole Tiger of Jones Lang LaSalle Brokerage Inc. negotiated the lease.
  • Partnership for People renewed its 4,000-square-foot lease at 23 Vreeland Road. David R. Williams of Weichert Commercial Brokerage negotiated the lease.
  • At Eisenhower Corporate Campus, Corsis LLC leased 3,400 square feet. Deborah Myers of Newmark Associates negotiated the lease.
  • At Florham Park Medical Center, Northeast Facial and Oral Surgery Specialists, LLC leased 3,500 square feet. Metropolitan Healthcare Properties LLC negotiated the lease. Joseph Lombardi and John Masserano of Masserano Real Estate and Consulting LLC served as consultants. Deborah Myers and Judith T. Feldman of Newmark Associates represented Eastman Companies.
  • At Lyons Plaza, fast-casual Mexican restaurant Las Palmitas leased 1,200 square feet. The transaction was negotiated by Florian Suserman of Ripco Real Estate Corp.

Eastman's director of leasing, Eric J. Maurer, worked in partnership with the brokerage firms to execute these transactions.

Continue Reading for Free

Register and gain access to:

  • 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
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.

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].