CB Richard Ellis first VPs Randy Eigen and Daniel Casey, alongwith senior associate Neal Heinze, represented landlord MountArlington Development. SVP Bob Lee of Grubb & Ellis spoke forNova Works. Terms were not released.


"With the rising cost of fuel, there's greater demand for officespace outside of the congested areas to the east," Casey says. "Aspopulation growth continues in northwestern New Jersey, and intoPennsylvania, traffic congestion along I-80 to the east of thislocation is only going to increase."


The site is located at Exit 30 of I-80, and Mount ArlingtonCorporate Center currently consists of three buildings totalingjust more than 250,000 sf. Current availabilities in the threebuildings add up to approximately 18,600 sf, and the site iscleared for two more building that could increase total space to600,000 sf. It's also part of a 270-acre planned-use developmentthat includes a residential component, two shopping centers and twohotels.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.