The law firm has signed a 12-year lease deal with building owner The S. Hekemian Group of Edgewood, NJ at the 52,000-square-foot mixed-use office and retail building.
In its fourth quarter 2019 industrial market report for New Jersey, Transwestern reports that the big box bubble is showing no sign of bursting as new construction continues to lease up quickly.
The building at 2000 Bishops Gate was constructed in 1988 and renovated in 2019. The Endurance-Thackeray Partners venture acquired the complex in 2017.
Parkway reports that the law firm will occupy the entire 305,000-square-foot office building at 2222 Market St. The office building will be the first non-Comcast commercial office building constructed in the city's CBD in more than 30 years.
Hines Global REIT acquired the Riverside Center office complex at 275 Grove St. in 2013. Designed by Elkus Manfredi Architects and completed in 2000, Riverside Center comprises three separate four-story buildings connected by a full-height glass-enclosed atrium.
The deal with building owner KBS will allow BNP Paribas to continue to fully occupy the first and third floors of Building D at the six-building, 630,000-square-foot complex.
Sax LLP will be moving from 855 Valley Road in Clifton to the Latitude property by this August. The firm also maintains an office in Pennington, NJ, as well as two locations in Manhattan at 551 Madison Ave. and 350 Fifth Ave.