Accumulating signaturesone of many area’s most lively and prestigious proprietor/managers of Class A suburban workplace area, proclaims that it has entered into leases for greater than 60,000 sq. ft of recent, expanded and renovated workplace area in its New Jersey portfolio in the course of the fourth quarter of 2022. This exercise caps a robust 12 months leasing exercise for Signature Acquisitions, which has recorded greater than 200,000 sq. ft of leasing inside its New Jersey workplace portfolio.
Signature continues to attain success in managing one of the vital difficult workplace markets in latest reminiscence, a results of its dedication to providing prime properties in strategic areas, whereas sustaining and managing them with a give attention to tenant satisfaction.
Demonstrating Signature’s continued success within the difficult workplace market are a number of new, expanded or renewed leases with a number of prestigious corporations, together with a latest 27,000 sq. foot lease with nationally distinguished Turtle & Hughes, one of many nation’s main electrical and industrial distributors, serving extra business from industrial actual property to utilities and infrastructure. Turtle & Hughes will relocate its company headquarters to Signature’s 100 Walnut Avenue property in Clark, NJ
As well as, there was vital extra exercise at 100 Walnut Avenue, with new leases for six,050 sq. ft signed by the medical workplace of Joseph D. Alkon, MD, who makes a speciality of plastic and reconstructive surgical procedure, in addition to the lease 3,626 sq. ft. to Decker Associates, an insurance coverage dealer.
Positioned off the Backyard State Parkway at Exit 135, 100 Walnut Avenue presents handy entry to the higher metropolitan space and boasts premium tenant facilities, together with a full-service on-site cafeteria, a shared convention constructing and first-class on-site property administration and possession.
As well as, Signature Acquisitions stories roughly 19,000 sq. ft of workplace leases, expansions and renovations in the course of the fourth quarter of 2022 in its Backyard State Parkway portfolio, led by Ascend Hospice’s renovation of 6,491 workplace areas at 65 Jackson Drive. Two new leases have been signed at 20 Commerce Drive, a signature high-visibility property throughout the Parkway Commerce Heart, together with a 4,699-square-foot lease to regulation agency Stern & Eisenberg, in addition to a 3,045-square-foot lease to Cifrodello Regulation. A brand new 2,244-square-foot lease was additionally accomplished at 11 Commerce Drive for AEI Environmental. Kowabunga Transportation, together with accounting agency Weinstein & Spellman and Rhythm Medical, renewed their leases on the Parkway Commerce Heart.
Boulevard Plaza at 1055 Parsippany Boulevard in Parsippany has signed new leases with Alfvo IT Options and Anthony Megaro’s funding advisory agency, together with a lease renewal with New Jersey Battered Girls’s Service.
“The workplace area market throughout the nation stays difficult following the COVID pandemic, given present inflationary pressures and the evolving telecommuting setting, however regardless, we’ve got realized vital leasing exercise in our New Jersey portfolio,” he notes. Sandy Monaghan, SVP, director of leasing at Signature Acquisitions. “We stay satisfied that employers will proceed to worth well-located, high quality workplace area for his or her staff. We at Signature Acquisitions are dedicated to providing a superior product for corporations and their staff to assist them succeed and thrive.”