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High-priced class-A availabilities in the Brunswicks, Meadowlands and Waterfront drove average rents up slightly; high-priced leases at the Metrotop Plaza II drove asking rents in the Parkway Corridor down $1.
The lease encompasses 71,351 s/f including the entire third and fifth floors and part of the fourth floor of the 255,000 s/f class A MetroTop Plaza II, and 10,000 s/f on the first floor of MetroTop Plaza 1.
EisnerAmper, one of the country's largest accounting, tax and advisory firms, will consolidate most of its people from multiple New Jersey offices at MetroTop Plaza II, taking all of the 10-story building's sixth and seventh floors, and portions of the first and eighth floors for a term of more than 15 years.
With the transaction, the Cushman & Wakefield team has signed leases totaling 177,000 s/f at MetroTop Plaza II since the building was completed and readied for tenant fit-out at the end of 2011.
Recent notable deals include Ansell's lease of 59,000 s/f at MetroTop II in a relocation from Red Bank; McDonald's 20,000 s/f lease in the same building in a relocation from Roseland; and Investors Savings' 40,000 s/f lease at 101 Wood Avenue South.
The 255,000 s/f building was recently completed and boasts polished granite and glass facades with a two-story atrium connecting the building to Metrotop Plaza 1.
As Jersey's newest speculatively built office building, Metrotop Plaza features a high-performance infrastructure and the latest building technology features --redundant electrical feed from two substations, 550 tons of supplemental cooling, two generator pads for tenant generators, and 0C3 fiber tap.
Located approximately one hour frJones Lang LaSalle was appointed exclusive leasing agent for MetroTop, a speculative development at 111-115 Wood Avenue South.
Located at 113 Wood Avenue South in Woodbridge Township between Exits 131 and 131B and offering frontage on the Garden State Parkway, Metrotop II is within walking distance of the Metropark Train Station.
Newmark JGT, exclusive leasing agent for Metrotop II, has announced that construction has commenced on one of the largest speculative Class A office developments in New Jersey.
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