Signature Acquisitions, one of the region’s most active and prestigious owners/managers of Class A suburban office space, announces that they have recently completed over 63,000 square feet of office leases, expansions and renewals over the past five months in their Garden State Parkway portfolio. This activity totals over 57,000 square feet of office leases, expansions and renewals across the Parkway Commerce Center in Cranford and Clark, N.J, and over 6,000 square feet of new leases, renewals and expansions at 100 Matawan Road in Matawan, N.J.
A 19,503-square-foot renewal at 20 Commerce Drive with PFK O’Connor Davies, a full-service certified public accounting and advisory firm, was the largest of the five renewals at Parkway Commerce Center, an eight-building office campus spanning 820,000 square feet located in Cranford and Clark, N.J. Wonder, Inc., a home delivery service of pre-cooked, ready to eat meals, also extended the term of their 15,311 square foot lease. In addition to the renewal activity, three new leases at the campus included a 5,540-square-foot lease with Pinn Realty, a leader in professional real estate services. Additionally, ECU Worldwide and U.S. Electrical Services signed leases for 5,205 and 2,940 square feet, respectively.
Further down the Garden State Parkway at 100 Matawan Road, a recently renovated 132,655-square-foot Class A office building, the firm signed a renewal and expansion for 4,439 square feet with Alvino, an artificial intelligence software company that provides container terminals with solutions to keep operating expenses lean and profit margins high. Additionally, a 1,750-square-foot renewal with Rossow, a specialty cosmetics company, rounded out the transactions at 100 Matawan Road.
“The office space market has been a highly debated topic within the industry over the past couple of years,” said Sandy Monaghan, SVP, Director of Leasing at Signature Acquisitions. “However, our consistent activity over that time has shown that employers are continuing to search for new space or renew their commitments to their current spaces. Because of this, we continue to have tremendous confidence in our portfolio and its ability to meet the evolving expectations of today’s workforce.”