A law firm has signed a 12-year lease for nearly half the office space at an under-development office property coming to Montvale, according to the developer and owner, the S. Hekemian Group.
Beattie Padovano LLC will take 20,000 square feet at North Market, a mixed-use urban district on Mercedes Drive, S. Hekemian said in a news release. The space will be located at Workplace North Market, a 52,000-square-foot mixed-use office and retail building located at 200 N. Market St. in the district.
Frank D. Recine of JLL represented S. Hekemian, while Beattie Padovano was represented in-house.
“Workplace North Market is a soon-to-be constructed office building that will offer a sophisticated, modern atmosphere in which businesses can thrive,” Recine said in a prepared statement. “The brand-new building pairs dynamic contemporary architecture and loft ceiling heights with visually desirable materials — corrugated metal, spanning plate-glass windows, exposed ceilings and more. It offers a unique environment only afforded by new construction.”
Beattie Padovano, which is moving from 50 Chestnut Ridge Road in Montvale, will occupy the entire fourth floor and a portion of the third floor at the building, which is located between West Grand Avenue and Philips Parkway.
The four-story Workplace North Market will include 40,500 square feet of office space and 11,500 square feet of ground-floor retail. It is expected to be completed in the fourth quarter.
The building is located on the sites of the former Mercedes-Benz USA North American headquarters and the historic DePiero Farm. The North Market district will include a total of 302,500 square feet of retail space, more than 300 residential units and more than 91,000 square feet of office space, as well as a 133-room luxury boutique hotel.