Leasing

Absorption is still outpacing new construction.

Innovative use of retail space and new ways to attract foot traffic are more important in bolstering fledgling centers and minimizing vacancies.

The project is an integral part of Hackensack's Rehabilitation Plan, a long-term redevelopment plan developed by city officials, local business leaders, and real estate professionals to attract smart, long-term growth to the city.

“The offering at AFC with the newly available space provides an opportunity to enhance the overall property ecosystem while ensuring seamless operations efficiently and fiscally,” says Transwestern's Greg Frankum.

Barbara Armendariz, founder and president of SharpLine Commercial Partners talks to GlobeSt.com in advance of the upcoming ICSC RECon event this weekend about her plans to make it a successful event.

"These revitalization efforts have been fed by visionary multifamily investors who aggressively pursued value-add and development opportunities over the course of many years that are now coming to fruition,” says Gebroe-Hammer's David Oropeza.

In mixed-use developments, street activation is key, says Columbia Development's director of leasing, Ron Pfohl.

The four-story office building and adjacent surface parking area was completed in 2013 and is fully leased to global pharmaceutical company GlaxoSmithKline through 2028.