JLL has completed two new leases for a total of 12,519 square feet of office space for The S. Hekemian Group, owner of Offices at North Market (200 Market Street), part of the North Market district in Montvale.
Offices at North Market, which is brand new construction completed in 2021, has leased in record timing, with only 7,799 square feet remaining available and additional lease pending that would bring availability down to 5,050 square feet.
Frank Recine, executive managing director with JLL, represented The S. Hekemian Group in both transactions. Garret Rioux, with Corporate Real Estate Services, represented Taiki USA and Christopher DeLorenzo with JLL represented Janney Montgomery Scott.
TaikiUSA, a global skincare and makeup brand, signed a long-term lease for 6,699 square feet of space on the third floor, and financial advisor Janney Montgomery Scott signed a long-term lease for 5,820 square feet on the second floor.
The four-story, 52,025-square-foot Workplace North Market is the flagship office building of the North Market district and includes 41,025 square feet of office space on the second through fourth floors, and 11,000 square feet of ground-floor retail. The building features contemporary architecture and loft ceiling heights with corrugated metal, plate-glass windows, exposed ceilings and a shared plaza featuring hardscaped and landscaped elements.
North Market is a mixed-use destination that offers a dynamic lifestyle at the center of the region’s most powerful demographics. The six-building mixed-use district is centrally located in Montvale near an array of retail directly off the Garden State Parkway.
“Workplace North Market is the perfect solution for tenants seeking superior Class-A space with high-end amenities in a highly convenient location,” said Recine. “The contemporary design of North Market provides the ideal environment to engage and energize employees.”
“With one additional pending lease, Workforce North Market will be at a fantastic 88% leased. To be in this position coming out of COVID, is a testament to the hard work done by JLL team, the uniqueness of the building offering, and the energy of the expanding neighborhood that is literally coming out of the ground day by day, “said Peter Hekemian with S. Hekemian Group. “We’re very excited to have a number of significant, high-profile leases in the works, to be announced soon. The momentum is now feeding on itself exponentially.”