36C — March 19 - April 15, 2021 — The Best of 2020 — M id A tlantic Real Estate Journal
The LARGEST OFFICE LEASE of 2020
Prism Capital Partners 200 Metro Boulevard Nutley, NJ
Bennett Williams 1280 N. Plum St. Lancaster, PA
The Kislak Company, Inc. 6 Corporate Drive Cranbury, NJ
Size: 330,000 s/f Brokers: Tenants rep: Savills Gregg Najarian, Daniel Foley, Chip Conklin and Nathan Brzozowski. The Cushman & Wakefield team of Robert Rudin, Josh Cohen and Bill Brown serves as exclusive leasing agent for 200 Metro Boulevard, representing Prism Capital Partners. Prism Capital Partners secured a 330,000 s/f lease with pharmaceutical company Eisai Inc. at ON3, its high-profile redevelopment of the 116-acre former Hoffmann-La Roche campus spanning Nutley and Clifton, NJ. The blockbuster transaction – made even more impressive via its execution during a global pandemic – marked NJ’s largest 2020 office lease. Eisai is relocating its NJ based HQ from Woodcliff Lake to the technologically advanced ON3, with plans to transfer up to 1,200 members of its corporate staff and re- search & development team by late 2021. The company will fully occupy 200 Metro Blvd., ON3’s flagship LEED Gold, 15-story office tower.
Size: 47,250 s/f Brokers: Jeff Herr, Jeffrey Herr
Coresource, part of Missouri-based benefits administra- tion company Trustmark, re-leased their 47,889 s/f space at 1280 N Plum Street in Lancaster, PA. The single-story building, tenanted entirely by Coresource since its comple- tion in 2010, is centrally located in a business park at the edge of the City of Lancaster and benefits from quick ac- cess to major highways. Featuring a modern office layout, the building has a central open work area surrounded by perimeter offices and also larger rooms for meetings and collaboration.
Size: 28,000 s/f Broker: Peter Wisniewski
28,000 SF warehouse lease at 8ACorporate Centre, a 63 acre business park located at Exit 8Aof the New Jersey Turnpike.
The MOST UNIQUE INDUSTRIAL LEASE of 2020 Duke Realty 429 Delancy Street Newark, NJ
Size: 661,741 s/f Brokers: Amazon was represented by Todd Meldahl and Jason Goldman with KBC Advisors. Duke Realty was represented by Robert Kossar, David Knee, Brian Golden and Chris Hile with JLL and Duke Realty’s own Ben Rosen and Cait English. 429 Delancy St. is a 661,741 s/f, trophy distribution facility in Newark, NJ that was the largest speculative development in Northern NJ at the time it was leased. After being vacant for over 20 years, the former brownfield site was successfully redeveloped and preleased to Amazon. This facility has created more than 100 full and part-time jobs, in addition to hundreds of driver opportunities for Amazon’s Delivery Service Partners and Amazon Flex drivers. Located just off I-95, I-78 and Routes 1 and 9, 429 Delancy Street provides unparalleled access to New York City, Port Newark/Elizabeth, Newark Airport and New Jersey’s most important arterial highways. The state-of-the-art, cross-dock building features all the typical modern functional amenities including 40′ clear height and abundant parking.
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