{"id":1004498161,"date":"2020-12-09T23:27:11","date_gmt":"2020-12-10T07:27:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004498161"},"modified":"2020-12-10T04:29:49","modified_gmt":"2020-12-10T12:29:49","slug":"lionstone-inks-65ksf-in-new-jersey-office-leases","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lionstone-inks-65ksf-in-new-jersey-office-leases\/","title":{"rendered":"Lionstone Inks 65 KSF in New Jersey Office Leases"},"content":{"rendered":"<div id=\"attachment_1004498164\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Park-80-West.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004498164\" data-attachment-id=\"1004498164\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lionstone-inks-65ksf-in-new-jersey-office-leases\/park-80-west\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Park-80-West-e1607505978209.jpg\" data-orig-size=\"801,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5DS&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1477206894&quot;,&quot;copyright&quot;:&quot;Alan Schindler Photography 2016&quot;,&quot;focal_length&quot;:&quot;17&quot;,&quot;iso&quot;:&quot;320&quot;,&quot;shutter_speed&quot;:&quot;0.3&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Park 80 West\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Park-80-West-e1607505978209.jpg?w=801\" class=\"wp-image-1004498164 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Park-80-West-e1607505978209.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Park-80-West-e1607505978209.jpg 801w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Park-80-West-e1607505978209.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Park-80-West-e1607505978209.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004498164\" class=\"wp-caption-text\">Park 80 West. <em>Image courtesy of CBRE<\/em><\/p><\/div>\n<p>Owner Lionstone Capital Management has signed four leases at the two-building Park 80 West office center in Saddle Brook, N.J. CBRE arranged the expansions, renewal and new lease deals, totaling roughly 65,000 square feet. Lionstone <a href=\"https:\/\/www.commercialsearch.com\/news\/lionstone-capitals-123m-record-breaking-acquisition\/\">purchased the Class A office park<\/a> from CBRE Global Investors for $115.5 million in the fall of 2018.<\/p>\n<p>The latest spate of transactions includes a 24,742-square-foot lease expansion and extension at Plaza I, inked by Eastern Concrete Materials. Van Houten Corporate Realty represented the tenant, which will solely occupy the fifth floor. Symrise Inc. will also remain in the building, following its 21,062-square-foot lease renewal on the second floor, arranged by JLL.<\/p>\n<p>Turner Surety and Insurance Brokerage\u2014represented by CBRE\u2019s Carl Eriksen\u2014signed an agreement to occupy 6,823 square feet at Plaza I\u2019s third floor. Robert Half International renewed its 11,867-square-foot lease at Plaza II\u2019s fifth floor, with JLL working on behalf of the global human resources consulting firm.<\/p>\n<p>The 511,126-square-foot office park is located at 250 Pehle Ave., at the junction of Interstate 80 and Garden State Parkway, roughly 17 miles from Midtown Manhattan. The seven-story Plaza I and ten-story Plaza II buildings date back to 1971 and 1981, respectively, and are LEED Silver certified, CommercialEdge data shows. Park 80 West is also home to New York Life, Regus, Mass Mutual, Marsh &amp; McLennan and JPMorgan Chase &amp; Co.<\/p>\n<p>CBRE\u2019s Donald Sperling and Robert Norton represented the owner. Norton is also part of the team overseeing leasing efforts at the Harborside mixed-use campus in Jersey City, N.J. Mack-Cali Realty Corp. <a href=\"https:\/\/www.commercialsearch.com\/news\/new-team-to-reposition-new-jerseys-4-3-msf-harborside\/\">is repositioning the 4.3 million-square-foot property<\/a> along the Hudson River.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE arranged the four deals comprising expansions, renewals and new leases at the LEED-certified, Class A complex in Saddle Brook.<\/p>\n","protected":false},"author":739,"featured_media":1004507501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747],"tags":[],"class_list":["post-1004498161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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