Newmark on Wednesday said it secured a new 46,000-square-foot industrial lease for Creative Technology Inc. at 60 Metro Way in Secaucus.
The tenant signed a long-term agreement to occupy the space, marking its first New Jersey outpost in the Hartz Mountain Industries-owned asset.
Newmark Vice Chairman David Simson and Managing Director Dan Reider represented the tenant in the lease transaction.
Ownership, Hartz Mountain Industries, is a regional real estate enterprise focused on industrial and multifamily assets. NEP Group subsidiary Creative Technology is one of the world’s largest leading technology services providers to the global events industry. Since joining NEP Group three years ago, CT’s business has grown exponentially. To accommodate this growth, CT secured the Secaucus outpost, which includes 38,000 square feet of warehouse space with an 8,000-square-foot office component, seven loading docks and one drive-in.
“With the closing of this transaction, we congratulate Creative Technology on their expansion into the New Jersey industrial market,” Simson said. “Integral to our approach was knowing the client’s need for a larger space to accommodate their rapidly growing business operations. Ultimately, 60 Metro Way presented a favorable solution, solidified by the property’s highly accessible location.”