A total of 37,677 square feet of office space has been leased in a series of transactions at the Mark, a repositioned Class A, seven-story, 237,087-square-foot office building at 100 Enterprise Drive in Rockaway, according to a Thursday announcement from JLL Capital Markets.
In the largest transaction, an undisclosed company signed a long-term lease for 25,695 square feet on the sixth floor for a new regional hub. This tenant was represented by CBRE’s Sean Morley.
Business management consultant Lucrotec leased a pre-built 3,161-square-foot office on the second floor. Lucrotec was represented by Mark Twentyman from Kingsbridge Realty.
Smart building tech company Fortress Controls LLC expanded from 1,935 square feet to 6,556 square feet and relocated to the fifth floor of the property.
And Caring Partners, a company that provides an integrated system of care, expanded to 23,161 square feet, adding 4,200 square feet to its previous commitment on the property’s second floor.
The transactions follow owner Northbridge Capital’s renovation of the property to modernize the building, with new lobby elevators, revived common corridors and upgraded bathrooms. Ownership also upgraded the covered parking deck and added a cafeteria, lounge/game room, fitness center and conference facility to the property.
“Our continued investment in the Mark has driven significant leasing momentum,” Northbridge Managing Partner Michael Lazier said. “The property stands out as a best-in-class offering where attention to detail and commitment to elevating the working environment is a priority.”
Toronto-based Northbridge acquired the Mark in 2018 and retained JLL as exclusive agent as the repositioning was underway. Since then, the brokerage has completed over 100,000 square feet in leasing activity, welcoming new tenants including the New Jersey Education Association, Polaris Pharmacy Services and Consolidated Chassis Management.
JLL Executive Vice President Chris Conklin, Executive Managing Director Dan Spero and brokerage coordinator Maria Ruberto represented Northbridge Capital in the latest transactions.
“Today’s office tenants place a premium on elevated workspace that both motivates employees and makes good business sense,” Conklin said. “With institutional owners invested in meeting that demand and on-site professional property management, the Mark is checking all of the boxes for companies that have embraced creative use of space as a tool for attracting and retaining talent.”
Situated adjacent to Rockaway Townsquare and the Route 15/Interstate 80 interchange, the Mark has a two-story atrium lobby with reflective glass and a granite façade. Amenities include a full-service cafeteria and business lounge that blends function with form as a clublike area complete with arcade games and a Wi-Fi-engaged common area. There is a multipurpose conference facility that can accommodate large events or can be divided into two smaller spaces, a gym with locker rooms and showers, covered parking and proximity to national and local retail offerings, including the Townsquare mall, hotels and entertainment options.
Located in the northern portion of Morris County, Rockaway is approximately 35 miles west of New York City. 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.
The JLL team is currently marketing a variety of office spaces at the Mark ranging from 5,000 square feet to large corporate availabilities.
