JLL completes 15K sq. ft. lease for ID Systems in Woodcliff Lake

JLL announced on Tuesday it completed a lease renewal in Woodcliff Lake for ID Systems Inc., a wireless logistics tracking company.

ID Systems, which operates as Powerfleet Inc., signed a long-term extension for 15,486 square feet at 123 Tice Blvd.

JLL’s Scott Lesh and Andrew Zezas, managing directors, and Derek DeMartino, senior vice president, represented the tenant in the deal. CBRE‘s Garrett Rioux, first vice president, represented property owner Vision Properties. 

“We were pleased to structure a lease that reduced the tenant’s footprint by more than 25 percent, reducing costs while also securing improvements to enhance the workplace environment,” DeMartino said.Negotiating a beneficial lease in current crisis helped to position the company for further success.”