Jones Lang LaSalle


New Tenants Take 34,000 SF at Meadows Office Complex
By Eric Peterson
Last updated: January 5, 2006 10:27am

RUTHERFORD, NJ-Five new leases totaling more than 34,000 sf have been signed at the Meadows Office Complex here. In the largest signing, Genpro Inc., a transportation company, took 11,826 sf.

The ownership was represented by Rob Fisher, director of leasing, and associate director Susan Lulla of Lincoln Equities Group, the in-house reps. Genpro was represented by Jim Hersh of GVA Williams.

“We have been able to withstand the downturn in the submarket,” Fisher says. “None of these tenants had a presence in the Meadowlands office market, prior to their lease with us, and most are from industries that have not historically operated in class A office buildings.”

Rainbow Academy, a childcare provider represented by Paul Hindes of Newmark, took 11,080 sf. In the deals, Funai, an electronics company represented by Matthew Corpuel and Stephen D’Amato of CB Richard Ellis, leased 5,704 sf; and broadcaster WABC, represented by CBRE’s Charles Laginestra, took 3,232 sf. Finally, Robert Half International, represented by Carolyn Sica and Kurt Burdack of CBRE, took 2,513 sf.

Lincoln Equities and partners Investcorp and Crow Holdings sold the two-building, 600,000-sf Meadows Office Complex to Invesco Real Estate and Onyx Equities in early 2005, and Lincoln stayed on to manage and lease the complex. With the latest signings, availabilities within the 12-story buildings include a full floor of 25,000 sf and pre-built units of 3,859 and 1,652 sf.