JLL: Trio of leases inked at Northbridge Capital’s suburban office in Rockaway

JLL recently announced that it arranged three new office leases leasing at the Mark, a recently repositioned Class A, seven-story, 237,087-square-foot office building at 100 Enterprise Drive in Rockaway.

Building owner Northbridge Capital recently completed a renovation that modernized the main lobby and elevators, revived common corridors, upgraded bathrooms and improved the covered parking deck.

In the most recent transactions, the New Jersey Education Association, a labor union for educators and support professionals, signed a long-term lease for 8,438 square feet on the first floor of the building in a relocation from Parsippany.

Polaris Pharmacy Services also signed a long-term lease for its first New Jersey office. It will occupy 9,925 square feet on the fifth floor of the property, housing a team focused on long-term care pharmacy solutions. And a professional services company has signed a lease for 2,259 square feet on the second floor.

“We are delighted to welcome three more new tenants to the Mark, where our commitment to providing a best-in-class working environment for dynamic tenants continues to engage the local brokerage community,” Northbridge Managing Partner Michael Lazier said. “The property provides an attractive option in a market where tenants seek high quality office space in a prime location surrounded by retail.”

JLL Executive Vice President Chris Conklin, Executive Managing Director Dan Spero and brokerage coordinator Maria Casaliggi represented Northbridge Capital in the transactions. Dan Reider, managing director at Newmark, represented NJEA.

Toronto-based Northbridge acquired the Mark in 2018 and launched a full-scale repositioning that would highlight the property’s ability to deliver all of the requirements of a modern workplace to its tenants.

JLL was retained as exclusive agent and has successfully leased over 60,000 square feet to a roster of tenants operating in industries ranging from financial services to pharmaceuticals, engineering to technology.

“The continued leasing momentum at the Mark is a testament to the commitment of a best-in-class institutional landlord to create a superior tenant experience in a well-located, high-quality suburban office building,” Conklin said. “With our ability to provide turnkey solutions that make the tenant relocation process as smooth as possible, we anticipate continued interest from high-caliber tenants seeking space in highly amenitized, professionally managed properties.”

Located in the northern portion of Morris County, Rockaway is approximately 35 miles west of New York City and flanked by two major thoroughfares: Interstate 80 and Route 46. The area is a recognized hub for the biotechnology industry, with global companies including Novartis calling the county home. It has an information technology industry that supports over 22,000 jobs and its deep reservoir of skilled talent has attracted leaders in the aerospace and defense sectors, including General Dynamics and L-3 Space & Navigation.