NKF leases two deals for a total of 80K sq. ft. for KRE Group

Newmark Knight Frank announced Thursday it has leased 80,000 square feet of office space in Warren on behalf of Bridgewater-based The KRE Group.

The two leases at 3 Mountainview Road were brokered by NKF’s Jamie Drummond, senior managing director; and Andrew Perrotti and Dan Reider, associate directors; in conjunction with Justin Gingeleskie, director of leasing at KRE Group.

Matheson Tri Gas will occupy 36,000 square feet and PS&S will take over 44,000 square feet. Both tenants are relocating from within the local area, NKF said, and will occupy the building in 2020.

“KRE Group prides itself on providing cutting edge and dynamic workspaces to tenants,” Gingeleskie said.  “We are thrilled to welcome Matheson Tri Gas and PS&S to the modern and newly-renovated office environment at 3 Mountainview.”

3 Mountainside is a three-story, 103,000-square-foot building currently under renovation. Once complete, it will have a new lobby, common areas, gym, conference center, cafe and rest rooms. There are only three remaining availabilities (12,823 square feet, 7,737 square feet and 2,898 square feet), all located on the first floor.

“KRE Group’s strong reputation and their commitment to improve 3 Mountainview through extensive renovations underscores the high quality of assets they offer,” Drummond said. “3 Mountainview is  perfectly located at the 4 way interchange of Rt. 78 and Liberty Corner/Martinsville Road making the property widely accessible.”

Financial terms were not disclosed.