In the larger of the two deals, E&Y has signed on for 165,480 sf at 125 Chubb Ave., where it occupies the entire first and third floors as well as parts of the second and fifth floors. The second transaction involves a total of 88,709 sf at 1280 Wall Street West, where the occupancy involves three full floors and part of a fourth, according to Yeager.
Richard Baumstein of Cushman & Wakefield of New Jersey, East Rutherford, represented Ernst & Young in both of the signings. The Gale Co., meanwhile, was represented in-house by Tim Greiner, the Florham Park, NJ-based company's vice president of leasing.
The transactions leave a total of 84,000 sf still available on the fourth and fifth floors of 125 Chubb Ave., according to Yeager. At the same time, a full floor of 24,000 sf remains on the market at 1280 Wall Street West. A number of smaller units are available throughout the Meadowlands Corporate Center remain available as well.
Gale's worldwide portfolio of office space and other properties currently tops the 50-million-sf mark. The company, which among other things is developing a planned city of South Korea, has a client roster that includes Pharmacia (now part of Pfizer), GlaxoSmithKline, UPS, General Motors and Siemens. Gale maintains joint venture investment relationships with Morgan Stanley, JP Morgan, UB and Praedium Fund.
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