Logistics Firm Leases 57K SF in East Rutherford, NJ

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New Jersey is home to many terrific leasing opportunities. Here is a rundown of four exciting  recent leases over the past few weeks. 

Optometry Practice Leases 1,170 SF in Raritan, NJ

Somerville Family Eyecare, an optometry practice, has recently leased 1,170 square feet of space  at 575 Route 28 in Raritan Borough, NJ. The deal was made with Larken Associates, and  provides access to the 82,000-square-foot Raritan Valley Professional Center, which features  upgraded lobbies and new refurbishments such as carpeting, lighting and wall coverings.  

Rob Marek, executive vice president of Larken Associate’s in-house brokerage division, said that  “when it comes to securing tenants, we consistently focus on finding businesses who can bring  true value to our local communities”, and that “Somerville Family Eyecare is a great match with  Raritan Valley Professional Center […] and we’re very excited to welcome them to their new  home.” 

Credit Union Association Leases 3,750 SF in Hamilton, NJ

CrossState Credit Union Association, one of the largest regional credit union trade associations  in the country, has leased 3,750 square feet at 2000 Waterview Drive in Hamilton, NJ. This is  among the over 110,000 square feet of office leases and sales made by NAI Fennelly in central  New Jersey this year. The deals were spearheaded by NAI Fennelly’s Jerry Fennelly, Matthew  Fennelly, and Patrick Dintrone.  

Jerry Fennelly, president of NAI Fennelly, said that “the search for spaces that provide the  combination of in-demand amenities, highly respected ownership and great locations has  continued to drive activity throughout suburban markets as workers make their way back to the  office.” 

Logistics Firm Leases 57,076 SF in East Rutherford, NJ

Temco Logistics, a logistics firm providing home goods delivery and installation services for  large retailers, has leased 57,076 square feet at 450 Murray Hill Parkway in East Rutherford, NJ.  NAI Hanson represented the tenant. The lease gives access to a 340,000-square-foot property,  providing 24-foot clear ceiling heights, five tailboards, two drive-ins, and 4,700 square feet of  office space, as well as easy access to the New Jersey Turnpike and routes 3, 17, 21, and 46. 

NAI Hanson’s Scott Perkins stated that even though “the northern New Jersey industrial market  is exceedingly tight right now, spaces are available if you know where to look,” and that this  space fortunately aligns with the “exact needs and budgets” of Temco Logistics. 

Martial Arts Studio Leases 1,910 SF in Lawrenceville, NJ  

Hongryong Park Ahn’s Taekwondo, a martial arts studio, has leased 1,910 square feet at 160  Lawrenceville-Pennington Road in Lawrenceville, NJ. This deal brings the nearly 27,000-square foot Mercer County retail center to full occupancy. The lease was signed by Larken Associates,  and Weichert Commercial Brokerage represented the tenant. The site will provide convenient  access to downtown Princeton, routes 1 and 206, and Interstate 295. 

Rob Marek, executive vice president of the in-house brokerage division of Larken Associates,  said that the site provides “unparalleled access” to “in-demand communities.” 


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