Deals & Dealmakers: Three New Leases at 300 Lighting Way
By REW Staff
Real Estate Weekly – May 28, 2015
Three new leases and one tenant renewal have brought 30,000 square feet in commitments to Rugby Realty’s 300 Lighting Way in Secaucus. Commercial real estate services firm Cushman & Wakefield serves as exclusive leasing agent for the 303,000-square-foot, Class A office property.
Curtis Foster and Jerry Shifrin, based in Cushman & Wakefield’s East Rutherford, New Jersey, office, lead the property’s leasing team and brokered the four long-term transactions. Among them:
Kapsch TrafficCom USA Inc., an intelligent transportation services firm, leased 13,000 square feet and will relocate a regional operation to 300 Lighting Way from neighboring East Rutherford, in an expansion move. Based in Austria, Kapsch maintains its North American headquarters in McLean, Virginia. Dan DePalma with JLL served as tenant broker.
Alliance Residential Company committed to 4,900 square feet and will establish a new office at the property. The Phoenix-based, privately owned, fully integrated real-estate operating company acquires, owns, develops and manages multifamily investment properties nationwide. Robert Norton from CBRE represented Alliance Residential in the transaction.
Ubiqus, a translation and interpretation services provider, leased 4,000 square feet at 300 Lighting Way. The location represents an expansion for the firm, which maintains an east coast headquarters in Manhattan. Robert Norton from CBRE served as tenant representative in this transaction as well.
Another tenant renewed its 8,500-square-foot lease at the property.
Cushman & Wakefield is marketing approximately 175,000 square feet on four contiguous floors at 300 Lighting Way. This includes branding opportunity through prominent exterior signage for a major tenant. The property also can accommodate requirements as small as 4,000 square feet.View the story here