The new location, which is scheduled to open for business in the second quarter of 2020, will be Industrious' third in Philadelphia and the fourth location in partnership with Fashion District owner Macerich.
"Clearly this is a pivotal event, not only for our company, but also for the competitive landscape in our region," says David Grove, managing director at Lee & Associates.
Court Plaza North is one of three buildings that make up Court Plaza, a 335,000-square-foot Class-A office complex located at 19/21/25 Main St. in Hackensack.
Dick's Sporting Goods and Burlington opened new locations at the shopping center in late September. These new storefronts drove increases in shopper traffic within the mall by more than 40% during the opening weekend, PREIT reports.
Class A buildings in proximity to NJ Transit train stations remained on the radar screen for office occupiers with space requirements. More than 95.0% of the leases completed during the first half of 2019 were concentrated in Class A buildings.