New Jersey is home to many terrific leasing opportunities. Here we present to you a rundown of four exciting recent leases over the past few weeks.
Supermarket Chain Leases 23,498 SF in Greenbrook Commons in Watchung, NJ
The German multinational supermarket chain Aldi has recently leased 23,498 square feet at Greenbrook Commons in Watchung, NJ. The deal was signed by Urban Edge Properties, and is part of two leases between Urban Edge and Aldi this year.
Leigh Lyons, senior vice president of leasing at Urban Edge, has stated that “bringing Aldi to Greenbrook Commons completes the leasing of a centrally located center with strong community demand,” adding that “Aldi is a terrific tenant for our grocery-anchored centers and we look forward to partnering with them as they continue to grow and expand their footprint in the markets in our portfolio.”
E-Commerce Business Leases 20,721 SF in Pennsauken, NJ
E-commerce business SeriousShops has leased 20,721 square feet at 7055 Central Highway in Pennsauken, NJ. The transaction was announced by Vantage Commercial, and will provide warehouse and office space within the Airport Industrial Park, as well as convenient access to the Ben Franklin bridge, the Walt Whitman bridge, and routes 70, 38, and 130.
Vantage Commercial Sales Associate Vince Ceroli stated that “we were very fortunate to have had the opportunity to work with a company like SeriousShops and help them secure the new lease for their headquarters”, adding that Adam Moore, co-president of SeriousShops.com, and his team were “a pleasure to work with.”
Design Solutions Manufacturer/Distributor Leases 9,500 SF in Allendale, NJ
Design Solutions Manufacturer/Distributor Porcelanosa USA has leased 9,500 square feet at 3 Pearl Court in Allendale, NJ. The deal, negotiated by NAI James E. Hanson, will provide one tailgate, 20-foot ceiling heights, 480-volt electric service, and a backup generator. Porcelanosa, a luxury lifestyle brand for over 40 years, intends to use the location to house overflow storage for its retail locations on Route 17.
Kenneth Lundberg from NAI Hanson has stated that “the demand for quality industrial space in northern New Jersey continues to grow”, and that this deal “will create a mutually beneficial relationship for years to come.”
Investment Banking, Brokerage, and Advisory Firm Leases 8,774 SF in Cranford, NJ
Loop Capital, a client-focused investment banking, brokerage, and advisory firm, has leased 8,774 square feet at the Parkway Commerce Center in Cranford and Clark, NJ. The lease, at 100 Walnut Avenue, was negotiated by Signature Acquisitions, and was the largest of four new leases at the Parkway Commerce Center.
Sandy Monaghan, senior vice president and director of leasing at Signature Acquisitions, has stated that there is ample confidence in their portfolio’s ability to “fulfill the desires of the workforce and provide businesses with a first-rate corporate environment to call home.”
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