Renewals were signed at 500 Hadley Road for 52,370 square feet and 550 Hadley Road for 56,000 square feet, for a total of 108,370 square feet.
JLL’s Scott Lesh, Andrew Zezas and Chad Hillyer, managing directors; John Buckley, senior vice president; and Tyler Baker, vice president; represented the tenant in both deals. RMD Realty Associates, owner of 500 Hadley Road, and Alfieri Property Management, owner of the adjacent 550 Hadley Road, were represented in-house.
“Arcade Beauty’s continued commitment to New Jersey demonstrates the appeal of the state’s businesses environment and geographic location,” Lesh said. “This deal benefits all parties and ensures operational continuity for the client.”
Based in New York City, Arcade Beauty will utilize 500 Hadley for warehouse and distribution, and 550 Hadley for manufacturing, research and development, and additional office space.
“We were pleased to successfully structure a multi-party deal that supports the business model of this unique space occupier,” Zezas said. “Despite the current turmoil, we completed a transaction that maximizes efficiencies for the tenant.”