Signature Acquisitions reports healthy Q1 office leasing activity

Signature Acquisitions on Monday said it negotiated over 28,700 square feet of new, expanded and renewed office leases across its New Jersey portfolio during the first quarter of 2023.

This activity follows a strong year of office leasing activity for Signature, which saw close to a quarter-million square feet of leasing within its New Jersey office portfolio in 2022.

Leading off Signature’s first-quarter leasing success is an 8,587-square-foot lease renewal for the northern New Jersey office of the regional law firm Kiernan Trebach L.P., along with a 4,840-square-foot lease renewal with the international law firm of Morrison Mahoney LLP, at Waterview Plaza in Parsippany. Additionally, at Waterview Plaza, Signature inked a 2,284-square-foot expansion with national firm Synerfac Technical Staffing for its northern New Jersey office, in addition to a 2,178-square-foot expansion with Snellings Law LLC.

At 100 Matawan Road in Matawan, Signature Acquisitions completed a 5,430-square-foot renewal with industrial paper broker/supplier Trebor Inc. This renewal extends Trebor’s tenancy in the building to over 30 years.

Additionally, Signature Acquisitions reports approximately 5,400 square feet of office leases, expansions and renewals over the first quarter of 2023 in its Parkway Commerce Center portfolio, led by a new lease with OneMain Financial Group for 2,045 square feet at 20 Commerce Drive building in Cranford. Also, within the Parkway Commerce Center, Signature Acquisitions completed two new leases at 14 Commerce Drive in Cranford with Pinex Team, a creative services firm and with Cubes Builders, a home improvement contractor. Winding up the Parkway Commerce Center leasing was Cornerstone Day School, a private therapeutic school for students in grades 5-12, that expanded its office space at 10-12 Commerce Drive, while financial services firm Grammercy Capital renewed its lease at 25 Commerce Drive.

“We are pleased to have achieved noteworthy leasing activity across our New Jersey office portfolio in the first quarter of 2023,” Sandy Monaghan, senior vice president, director of leasing at Signature Acquisitions, said. “While it’s true that the office space market continues to be impacted by the significant headwinds in the economy from both current inflationary pressures and an evolving remote work environment, we have nonetheless continued our strong leasing momentum across our New Jersey portfolio. We remain confident that employers will continue to place value in well-located, quality office space for their employees, and Signature Acquisitions is committed to offering superior workplaces for companies and their employees to help them to succeed and to prosper.”