May 11, 2009
Peter Schofel, President of Eastman Companies, the Livingston-based development-management organization that owns and is the on-site manager for the 160,000 square foot Eisenhower Plaza office facility in Livingston, New Jersey, this week announced six lease signings totaling more than 35,000 square feet of prime office space in the two-building Class A complex. The transactions involved two new tenants and four existing tenants who renewed their leases and expanded and, in some cases, relocated their existing facilities.
According to Eric J. Maurer, Eastman Companies’ Director of Leasing, these transactions represent an unqualified vote of confidence in the property. “We are truly delighted that these prestigious corporate and professional tenants have opted to move to or remain and expand within Eisenhower Plaza,” he said. “It is our feeling that the leasing activity in this exceptional office facility goes beyond our own backyard and bodes well for the northern New Jersey commercial office market in the months ahead.”
The lease renewals and space expansions at 354 Eisenhower Parkway involved the law firm of Stein McGuire Pantages & Gigi, LLP, a company that has been a tenant in the building since 1985; and Becker Meisel LLC, another long-time Eisenhower Plaza tenant. Stein McGuire Pantages & Gigi expanded its office facilities to 12,500 square feet, while Becker Meisel signed a 10,000 square foot renewal/relocation long term lease within the facility. Marc Trevisan, now affiliated with Cushman & Wakefield, Sean Morley and Gregg Baillie of CB Richard Ellis represented Stein McGuire Pantages & Gigi, LLP; J.C. Giordano of Jones Lang LaSalle’s Parsippany office was the broker representing Becker Meisel LLC. Principals of both professional companies cited Eisenhower Plaza’s exceptional office environment and its strategic location as principal reasons for the decision to expand within the existing facility.
Complementing the Stein McGuire Pantages & Gigi and Becker Meisel transactions were renewals and expansions by two long-time tenants of Eisenhower Plaza: Aronson & Fernandez, attorneys at law, and .New Jersey Life & Casualty Company. Tenants since 1991, New Jersey Life & Casualty renewed its lease for headquarters and insurance operations space in the Livingston facility, and was represented in the transaction by Bryn Cinque of First Service Williams of Parsippany.
Rounding out this spate of leasing activity were new leases for prime office space involving Maximum Subrogation & Recovery Services, LLP, a first-time Eisenhower Plaza tenant, and ProTel Consulting, Inc., a telephone technology firm that moved into new space in the Livingston facility. Iris Borger of Sperry Van Ness represented ProTel. Jones Lang LaSalle’s Fred Hyatt represented ownership in the Pro Tel Consulting and the Maximum Subrogation & Recovery Services transactions.
Boasting many of the finest blue chip professional and corporate names in the region, the facility’s tenants have continually expressed their loyalty by staying with and expanding within the complex. “No doubt, high among the most compelling reasons for the confidence exhibited in the Eisenhower Plaza complex are the desirable state-of-the-art amenities that are so vital to doing business in today’s highly technical and complex business environment,” said Mr. Maurer who pointed to Eisenhower Plaza’s full-service, on-site cafe, wired fiber optics, exceptional on-site parking, and strategic location as its highlighted features. Located less than 1.5 miles from Route I-280 and offering one of the area’s most prestigious and strategic addresses, Eisenhower Plaza is in close proximity to the Livingston Route 10 Circle, I-287, and the Garden State Parkway, reflecting convenience and accessibility to local shopping and professional services, seats of government, and important surrounding markets. Limited space remains available.
Eastman Companies celebrated its 30th anniversary last year and is a recognized leader in high quality real-estate developments with property throughout northern New Jersey. Eastman is headquartered in Livingston and boasts a portfolio of more than two million sq. ft. of office, retail, and industrial space located in Morris, Essex, Bergen, and Burlington Counties.