JLL announced Thursday it has been retained by new ownership as the exclusive leasing agent for 500 Plaza Drive, Secaucus, a 464,000-square-foot Class-A office property located in the Meadowlands, one of New Jersey’s most desirable submarkets.
Signature Acquisitions, LLC, acquired 500 Plaza Drive earlier this year from Manulife Investment Management and has committed to upgrading the property with a refreshed conference center with new state-of-the-art connective technology, an improved cafeteria, fitness center and parking facilities.
500 Plaza Drive is currently 70% occupied by a diverse mix of corporate headquarter tenants, including medical testing firm Quest Diagnostics, dermo-cosmetic giant Pierre Fabre, The Children’s Place and real estate firm Hartz Mountain Industries. JLL is marketing approximately 133,000 square feet of available space, including 65,000 square feet on the second floor, 50,000 square feet on the fifth floor and approximately 18,000 square feet across the seventh floor.
The 11-story building is located within the 550-acre Harmon Meadow campus of restaurants, hotels, offices and apartments clustered within a highly accessible master-planned community that includes national and big box retail, LA Fitness Signature Club and a 14-screen movie theater.
With 2 million square feet of office space occupied by leading corporate tenants, thousands of people work at the campus every day enjoying access to 30-plus restaurants and eateries, shops, salons and child care centers. The property has its own convention center and offers guests easy access to meetings, events and nine hotels within walking distance. A total of six different free car parking options are available and NJ TRANSIT & Shuttle Service operates to the Secaucus Junction Train Station during peak hours.
“Harmon Meadow offers the ideal work environment — combined with the perfect place to relax and socialize afterward,” said Sanford Monaghan, senior vice president & director of leasing of Signature Acquisitions. “It’s the best corporate lifestyle offered anywhere around. 500 Plaza is uniquely positioned to meet the needs of today’s tenants, and we look forward to working with JLL to introduce the newly renovated destination to occupiers seeking headquarters-quality space.”
The JLL leasing team for 500 Plaza Drive is led by Executive Managing Director Tim Greiner and Senior Managing Director David Stifelman.
“500 Plaza Drive is a one-of-a-kind offering in a high-demand location,” said Stifelman. “The availability of headquarters-sized opportunities in a recapitalized building with strong, stable ownership appeals to tenants who require an ideal location and abundant amenities.”
