Friday, January 13, 2006

Jones Lang LaSalle

GlobeSt.com EXCLUSIVE: Kaplan Leases 28,000 SF at One Gateway Center
By Eric Peterson
Last updated: January 12, 2006 12:32pm

NEWARK-Kaplan Inc., the educational and career services provider, has leased 27,656 sf at the One Gateway Center office tower in this city’s Downtown area, GlobeSt.com has learned. According to Bob Martie, senior vice president and regional managing director for building owner Advance Realty Group, Kaplan will use the space as a training center for its medical school division.

GVA Williams of NJ, Parsippany, is the exclusive leasing agent for One Gateway Center’s office component, and also represented Kaplan. The terms of the lease were not disclosed.
Originally built in 1971, One Gateway is part of a four-tower Downtown office complex that also includes a Hilton Hotel. The Bedminster-based Advance recently completed a multimillion-dollar repositioning of the 26-story building, which besides its 492,000-sf office component includes 50,000 sf of retail space. The Kaplan signing leaves approximately 95,000 sf of office space currently available in the building, according to Martie.