There’s been a flurry of leasing activity in the first three quarters of the year at American Landmark Properties‘ Meadows Office Complex, according to Cushman & Wakefield, which serves as the agent for the 600,000-square-foot, Class A asset.
The activity, which hit 110,000 square feet of new leases, renewals and expansions, happened during an ongoing capital campaign at the two-building complex located at 201/301 Route 17 North in Rutherford, resulting in 90% occupancy.
Curtis Foster and Jerry Shifrin of C&W’s East Rutherford office headed the leasing assignment.
“Since acquiring this iconic Meadowlands property three years ago, the ownership has continued to invest significant capital to enhance tenant quality of life and create operational efficiencies,” Foster said. “This effort, coupled with strong market demand, has resulted in a significant level of activity – especially considering the stabilized nature of this asset. Businesses look here because of the location. Companies lease here, and stay here, because they are happy with what they find.”
Shifrin said the recent transactional volume has involved tenants across multiple industries, including real estate, health care, education, logistics, legal and more.
“One of the draws of this property is its ability to accommodate office users as small as 1,500 square feet, yet we have a variety of larger units available as well,” he said. “Everyone here benefits from a corporate-level amenities package that keeps getting better.”
Located eight minutes from Manhattan at the intersections of routes 3 and 17, the property boasts amenities including weekday shuttle service to Secaucus Junction Transfer Station, an electric-car charging station, a fitness center slated for completion in 2020, a cafeteria, conference center, daycare center, concierge desk, security, ATM, covered parking and more.
