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Building Enhancements, Amenity Upgrades Drive Completion of Over 150,000 SF of New Leases, Renewals
LIVINGSTON, N.J., Nov. 27, 2018 – Eastman Companies has completed over 150,000 square feet of transactions across its office and retail portfolio from January through September 2018. The Livingston, N.J.-based commercial real estate owner, developer and manager continues to invest in upgrades across its office and retail portfolios, adding unique opportunities for tenants and consumers.
“We have had positive momentum, inking a combination of new leases, renewals and expansions,” said Michael Schofel, Eastman’s co-managing partner. “Our revitalizing and rebranding of office properties meets the demands of the next-generation workforce and has yielded positive results,” he said, adding: “Retail and office leasing continues to reflect trends towards more engaging and experiential amenities across the board.”
Exceptional Office Environments for a Diverse Mix of Tenants
Eastman’s investment in office upgrades has been a key driver, attracting and retaining a diverse mix of tenants. “From accounting, legal and brokerage firms to healthcare service providers and not-for-profits, organizations are looking for exceptional environments that encourage workers to be more productive and find balance,” said Schofel.
Eastman’s portfolio of enhancements varies from expanding and upgrading onsite conference facilities and cafes to updating and renovating lobbies and open space. “Exclusive health and wellness amenities have extended beyond fitness centers to include services such as personal training and by-appointment massage,” noted Schofel.
According to Eastman’s director of leasing, Eric J. Maurer, the volume and variety of office transactions at Eastman properties range from 800 to 18,000 square feet. Leasing highlights for 2018 include The Cooper Companies and Reprogentics LLC, a genetic research and testing firm that renewed and expanded at 3 Regent Park; and a new lease for AHS Hospital Corporation at 5 Regent Park. The Zitter Group, a healthcare research firm, renewed and expanded its lease at Eisenhower Corporate Campus (290 W. Mt. Pleasant).
Additional activity involved several law firms and health care companies. Ziegler & Zemsky LLC, relocated its Livingston offices to Eastman Office Center (651 Old Mt. Pleasant) and expanded with the move. National law firm Becker, LLC renewed and expanded its lease at 354 Eisenhower Parkway and Vitas Healthcare Corp. renewed and expanded at 70 South Orange Avenue. Northeast Facial and Oral Surgery Specialists, LLC signed a new lease at Florham Park Medical Center.
Retail Tenants Offer a Lifestyle-Focused Customer Experience
Robust leasing activity at Eastman’s retail properties exemplified the trend towards lifestyle-oriented local and national businesses seeking space at strategically located properties.
At The Shoppes at the Livingston Circle, the fast-growing supermarket chain Aldi celebrated its grand opening in November, bringing Livingston residents a faster and easier grocery shopping experience. The 93,000-square-foot shopping center has also welcomed Club Pilates, which has been operational since June, as well as 24-hour gym and fitness franchise Fitness 1440, full-service hair salon chain Moxie Blowdry & Beauty Bar, and Cookie Cutters Haircuts for Kids, all of which expect to open later this fall.
“The Shoppes at the Livingston Circle has become a desirable, accessible location in a thriving market,” said Peter Schofel, Eastman Companies’ co-managing partner. “Along with the addition of Mezza Mediterranean restaurant this spring, we expect our exciting mix of businesses to generate traffic and offer area residents a wide range of complimentary fitness, wellness, beauty and dining options.”
In addition, Dari Event Planners renewed its lease at 312 Montclair and national sub sandwich franchise Blimpie renewed its lease at Lyons Plaza.
Recognized leaders in high-quality real estate developments, Eastman Companies and its affiliated companies are celebrating 40 years of owning, managing and developing properties throughout Northern New Jersey. Headquartered in Livingston, N.J., the full-service firm’s portfolio totals more than 2 million square feet of office, retail and industrial space in Essex, Morris, Bergen and Burlington counties.
651 Old Mount Pleasant Avenue, Suite 110, Livingston NJ 07039