renewed

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Terms of the lease were not disclosed. Availabilities in thebuilding are currently listed with rent "upon request" for afive-year term. The 11-story 500 Plaza Dr., located within the3.5-million-sf Harmon Meadow mixed-use development, was completedin 1985 and renovated in 2001.

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"Harmon Meadow complex provides a central location," saysEmanuel Stern, president and COO of Hartz, which recently mounted abillboard and print advertising campaign touting purported costsavings of New Jersey vs. Manhattan. "AXA Equitable recognized thevalue of this location, and we're pleased they've expanded withus."

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The signing marks the second major lease signed by AXA Equitablein New Jersey in 2008. As reported by GlobeSt.com, in February theinsurer took 245,000 sf for 15years at Brookfield Properties' Newport Tower at 525 WashingtonBlvd. in Jersey City.

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It's also the second major lease Hartz has signed at its HarmonMeadow properties in 2008. In a previous transaction, Ernst &Young took 165,000 sf at 200 Plaza Dr. in January, a deal thatincluding Hartz's construction of a new parking deck exclusivelyfor E&Y's use. Further details were not released.

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